Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin discusses the challenges faced by government employees due to a recent executive order requiring them to return to in-office work or resign with an eight-month severance package. He explores the feelings of disrespect and uncertainty among employees, the financial implications of their decisions, and the importance of strategic planning. Kevin emphasizes understanding retirement options under FERS and CSRS and encourages seeking personalized financial guidance. The episode aims to educate and empower government employees during this challenging time.

Government Employees' Dilemma (00:01:11)

Executive Order Implications (00:02:45)

Understanding Your Options (00:04:08)

Financial Systems Explained (00:06:50)

Maximizing Retirement Benefits (00:09:06)

Call to Action for Financial Planning (00:11:40)

Conclusion and Reflection (00:12:57)

Website: http://www.9icapitalgroup.com

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In this podcast episode, Kevin Thompson critiques the concept of "infinite banking." He explains that while the idea of using cash value life insurance policies to become one's own banker sounds appealing, it is often misrepresented and complex. Kevin shares his personal experiences with permanent life insurance, highlighting high fees, minimal early cash value, and the risks of policy loans. He stresses the importance of working with knowledgeable fiduciaries and offers alternative wealth-building strategies like low-cost index funds and retirement accounts. Kevin aims to educate listeners on making informed financial decisions.

"Infinite banking my ass! There is nothing to bank on because there is very little cash to do much with early on."

What is Infinite Banking? (00:02:22)

Structural Issues of Infinite Banking (00:03:44)

The Reality of Cash Value (00:06:16)

Long-Term Commitment (00:07:20)

Interest on Loans (00:08:52)

Complexity of Policy Management (00:09:59)

High Attrition Rate Among Advisors (00:11:19)

Alternatives to Infinite Banking (00:12:43)

Importance of Fiduciaries (00:15:09)

Closing Thoughts on Infinite Banking (00:18:07)

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Website: http://www.9icapitalgroup.com

ON THIS WEEKS PODCAST: Kevin rings into the debate over a potential TikTok ban in the U.S. He discusses concerns about data privacy, national security, and the implications of TikTok's Chinese ownership. Kevin critiques the double standards in how tech companies are treated, suggesting the focus on TikTok may be more about geopolitics than child safety. He advocates for comprehensive regulations across all platforms and emphasizes the importance of digital literacy education for parents and children, rather than singling out TikTok for an outright ban.

Concerns Over Chinese Ownership (00:01:35)

Double Standards in Tech Regulation (00:03:01)

Manufacturing and Security Issues (00:04:18)

VR and Gaming Platforms (00:05:37)

Influence of Big Tech Lobbying (00:08:31)

Proposed Solutions to Data Privacy (00:09:55)

Closing Thoughts on Accountability (00:11:14)

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In this podcast episode, Kevin engages with journalist and author David Enrich about his book on Deutsche Bank's tumultuous history. They discuss the bank's questionable practices, its relationships with high-profile clients like Donald Trump, and its role in financial crises. Enrich shares insights from his journalism career, highlighting Deutsche Bank's culture of greed and mismanagement.

The conversation explores broader themes of financial recklessness, the impact of corporate culture on ethics, and the consequences of risky lending practices. The episode underscores the need for accountability and reform in the banking sector to prevent future crises.

Tragic Events Leading to Insight (00:02:51)

Deutsche Bank's Historical Context (00:05:44)

Donald Trump's Relationship with Deutsche Bank (00:06:33)

Internal Conflicts at Deutsche Bank (00:08:21)

Trump's Use of Force Majeure (00:12:03)

Deutsche Bank's Responsibility in the Crisis (00:14:18)

Trump's Influence on Deutsche Bank (00:17:39)

Regulatory Changes Post-2008 (00:21:00)

Capitalism vs. Socialism (00:22:39)

Corporate Influence on Policy (00:23:28)

Understanding Financial Complexity (00:26:46)

Takeaways from the Book (00:28:07)

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Website: http://www.9icapitalgroup.com

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In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, hosts Steven S. Zeiger, an insurance industry expert. The episode, titled "Unmasking Permanent Life Insurance," discuss the complexities and potential pitfalls of permanent life insurance. Steven shares his journey of prioritizing client interests over company sales goals and underscores the necessity of independent research in evaluating life insurance policies. The discussion highlights the need for transparency, informed decision-making, and the role of advisors in presenting clear, data-driven policy comparisons.

Insurance Company Experience (00:04:13)

Ethics in Insurance Sales (00:06:19)

Understanding Life Insurance Policies (00:09:32)

Illustrating Cost Savings (00:12:47) Steven presents a case study showing significant savings through independent research on insurance costs.

Understanding Policy Costs (00:15:18) Steven discusses the cost differences between MetLife and New York Life insurance policies.

Misleading Illustrations (00:19:17) Steven explains how insurance illustrations can be misleading, affecting client understanding.

Case Study on Policy Failure (00:20:15) Steven shares a case where a life insurance policy failed 84% of the time.

Illustration Analysis (00:22:40) Steven walks through an illustration of a life insurance policy's potential outcomes.

Discussion on Policy Viability (00:26:27) They analyze the sustainability of a life insurance policy using Monte Carlo simulations.

Introduction and Importance of Research (00:30:06) Kevin discusses the misconceptions about life insurance and emphasizes the need for understanding the numbers.

Life Insurance Decisions (00:31:23) Kevin acknowledges Steven's expertise in guiding high net worth individuals in making informed life insurance choices.

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Website: http://www.9icapitalgroup.com

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In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, discusses the fundamentals of business ownership. He covers essential topics like business structures (sole proprietorships, LLCs, S corps), taxation, and the importance of building a supportive team. Kevin shares personal anecdotes to highlight the opportunities in the U.S. economy and encourages listeners to pursue their passions. He emphasizes the necessity of seeking professional advice and mentorship. The episode aims to educate, empower, and engage aspiring entrepreneurs, providing practical insights to help them succeed in their business endeavors.

Business Structures Overview (00:03:20) Explaining the differences between sole proprietorships, LLCs, and S corps for starting a business.

Understanding Taxation (00:06:26) Key points on taxation, including safe harbor payments and the importance of working with tax professionals.

Building Your Team (00:08:46) Emphasizing the need for a supportive team of advisors to navigate entrepreneurship complexities.

The Power of Ideas (00:10:01) Encouragement to recognize opportunities and the potential impact of innovative ideas.

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Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428

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Website: http://www.9icapitalgroup.com

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In this episode of the 9inngs Podcast, host Kevin Thompson interviews Manish Khatta from Potomac about transition to becoming a Registered Investment Advisor (RIA). They explore the pros and cons of moving from a broker-dealer to an RIA, emphasizing the importance of self-awareness in making this decision. Manish shares insights from his experience, noting that not all advisors want to be business owners; many prefer focusing solely on advising clients. They also discuss the financial implications, infrastructure needs, and emotional challenges of running an RIA, stressing the significance of understanding one's value proposition.

The Role of Arrogance (00:02:11)

Understanding RIA Benefits (00:06:05)

Cost of Ownership (00:09:27)

Payout Changes in the Industry (00:12:29)

Scaling Advisory Services (00:15:59)

Concerns in Going Independent (00:19:23)

Revenue Generation Focus (00:22:19)

Tech Integration Challenges (00:25:06)

Potomac's Growth Story (00:30:11)

Business Aspirations (00:34:26)

Social Media Caution (00:37:11)

Podcast Conclusion and Reflection (00:38:08)

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Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428

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Website: http://www.9icapitalgroup.com

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