Ep 188: “Protect Your Wealth: Tax-Free Strategies for Retirement”

In this episode of the "Money and You" podcast, Michelle interviewed Camille Scott Wiles RN, Agency Owner of Emerald Diamond Advisors. A licensed financial professional with over 14 years of experience in commodities investing and a background as an ICU nurse. The discussion focused on the importance of financial security, particularly for nurses and other professionals, emphasizing strategies for early and secure retirement. Camille shared her personal journey from nursing to financial services, driven by a desire to help others protect their assets amid rising medical debts and economic uncertainties.
The conversation highlighted the significance of life insurance, annuities, and precious metals as tools for safeguarding wealth, especially during the ongoing wealth transfer from baby boomers. Camille stressed the necessity of establishing living trusts to prevent creditors from seizing assets and to ensure that individuals can dictate the distribution of their wealth in case of incapacitation. This episode is crucial as it educates listeners on financial literacy and asset protection in a volatile economic landscape, aiming to empower individuals to make informed financial decisions.
00:00 - Camille's journey to financial security  08:17 - Protecting assets in wealth transfer  17:58 - Importance of living trusts  27:37 - Investing in precious metals  37:46 - Understanding wealth cycles  48:16 - Opportunities for financial learning 
What motivated Camille to transition from nursing to financial services? Camille transitioned to financial services after recognizing a trend where people's retirement funds were at risk, especially during the significant wealth transfer occurring as baby boomers age. Her experience as a nurse, particularly during the COVID-19 pandemic, also highlighted the importance of financial security. Key Takeaways: - Financial Security: The importance of proactive financial planning to protect assets and ensure a secure retirement. - Living Trusts: Establishing a living trust can prevent loss of assets and provide peace of mind regarding financial decisions. - Investment Strategies: Diversifying investments with life insurance, annuities, and precious metals can provide a hedge against economic uncertainties. - Education is Key: Continuous learning about financial history and wealth cycles is essential for making informed investment decisions.
Camille recommends Mike Maloney's work, particularly 'Gold and Silver: The Investment of the 20th Century,' as a valuable resource for understanding wealth cycles. She also shares her own books and masterclasses to help others learn about financial history and strategies for wealth management.
She’s passionate about helping individuals, especially nurses and professionals, retire early and securely, offering free Living Trust and Will setups for new clients. Camille’s goal is to help clients grow their wealth and protect it from life’s unexpected challenges. Check out her class: http://PreciousMetalsMasterclass.com
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Episode Transcript

Speaker 1 (00:00):
Wow.

Speaker 2 (00:00):
Well, let's go into what would happened if you did
not have a living trust. Yeah, or first off, you
would have either judge or some other appointed guardian would
be able to dictate where your money goes, how it
goes if you are incapacitated, if you can no longer
speak for yourself. That's another huge issue that's going on

(00:21):
for a lot of baby boomers right now. Even if
you have a healthcare proxy or an advance directed, if
you do not have a living trust, especially for your home,
which might be the only asset you may have. You
might not have that much cash, but your home.

Speaker 1 (00:34):
Yes, it's something.

Speaker 2 (00:36):
It's something that you certainly don't want entities come in
to take or forcing you to take because of extra expenses.
You certainly want a living trust to protect that so
that they cannot touch that.

Speaker 1 (00:47):
Hey there, and welcome to Money and You. I'm Michelle Perkins,
your host. My search for more fulfilling work led me
to career in business coaching, where I stumbled upon a
game changing discovery. Money issues often start with our mindset
and habits. You see, our relationship with money is the
key to overcoming those frustrating financial obstacles. As an entrepreneur, coach,

(01:09):
and problem solver. I'm passionate about helping you create a
great relationship with money, because turns out that's the foundation
for a limit free life. Each week on Money and You,
I speak with amazing guests about all things money, mindset,
practical tips, and everything in between. We're here to give
you new insights, education and empowerment, so money can be

(01:30):
one of your favorite relationships. So join us for some
lively conversations and let's transform your financial life together. Hey, Hello,
welcome to the Money and You Show. I'm your host,
Michelle Perkins, and we have another great guest on our
show today. I'm so excited about introducing you to our

(01:53):
next guest. We had a great conversation. She's again bringing
something completely new to the table that I know most
of you have not heard about and has a really
interesting story as to why. And while this is a
money show, we really like stories, so we're going to
tell her story today and she's going to inspire you.
So without further ado, I'm going to go ahead and

(02:16):
introduce Camille Scott Wiles are In. She is the agency
owner of Emeralds Diamond Advisors and the owner of Precious
Medals Masterclass, where she combines Precious medals with life insurance
and annuities to create risk free, tax free retirement strategies.
With over fourteen years of experience in commodities investing and

(02:38):
thirteen years as an ICU nurse, including during the COVID
nineteen pandemic, Camille is a licensed financial professional who works
with over twenty life insurance and annuity companies. She's passionate
about helping individuals, especially nurses and professionals, retire early and securely,
offering free living trust and will setups for new clients.

(02:58):
Camille's goal is to help grow their wealth and protect
it from life's unexpected challenges. Camille, welcome. Thank you so
much for being here.

Speaker 2 (03:08):
Michelle, you are amazing and I'm just wanted to be
here with you.

Speaker 1 (03:11):
Thank you. We had such a fun conversation about this,
and I just I'm so grateful for the guests who
seem to be attracted to the money and you show
because you are a special group. I always feel like
the people that I meet through this podcast are so smart, interesting,

(03:33):
but compassionate and carrying good humans who want to do
good in the world. I mean, money is such a triggering,
you know, kind of word, and people sometimes associate it
with more negative aspects of people, but the people who
come onto the show and the services they offer, it's
always a way to help people. And I have found

(03:54):
that a lot of people who go into life insurance
have had an experience that drove them to want to
help people have that kind of security and protection. So
let's talk about your story and how you came to
this point. Okay, well, it's a pretty long story short.

Speaker 2 (04:12):
I currently am retired. I see you in the earth,
retired since March of last year and decided to walk
away because, of course I saw healthcare was changing. But
my background really before nursing, I was a real estate
agent and property manage in Manhattan for seven years. I
worked across the Stree from the New York Stock Exchange

(04:33):
rough shoulders with hedge fund managers. I really saw how
money can move and how it can grow. But then
two thousand and eight happened, and literally my whole world
came crashing down and I couldn't figure it out.

Speaker 1 (04:44):
I said, it's real estate for a reason, they called
it real estate? How did collapse?

Speaker 2 (04:48):
Only to find out that it was riked to blow
up and rike to collapse, and so I said I
would never find myself in that predicament again. And so
by the encouragement of my mother, and my mother said, hey,
I found out about this scholarship we can apply for.

Speaker 1 (05:01):
Let's apply for together. I said, sure, okay. So it
was her.

Speaker 2 (05:05):
I knew it was going to be her last chance
to even become a nurse, so she'd been trying for
thirty years at that point. So I said, well, let
me go and do it with her so that you
know it can come and be a support system. Encouragement
because at that point I was really into real estate.
I really had no intention of going into nursing, but
because of her, I did, and I got the scholarship
and she didn't. Only to find out a year later

(05:26):
after I graduated that she had stage four pancreatic cancer
that had metastasized to her liver. And at the same time,
my father, who had prostate cancer before that, it took
out the prostate.

Speaker 1 (05:37):
He was fine.

Speaker 2 (05:37):
He had four stents put in his heart, but he
was fine. He was a trooper. And then he had
kidney cancer. They were just going to remove the kidneys.
So it was like my father's like, oh, I've been
through this before, I'll be fine. A massive stroke took
him out, and so I found myself with two parents
who were the same age sixty two. One didn't have
life insurance, the one did, and but one had assets

(05:59):
with no FORTI but the other one had no assets,
but I had life insurance. So it was kind of
like a iffy situation. So I had to decide to
do a do not resuscitate order on both of them
at the same time, which was absolutely horrific to even
be in that position. And because I was the only
one with a career, a job, a stable environment really

(06:20):
and I only go with a password because of course
my parents were Jamaican, so not only could I have
to handle things here in the United States, but in
Jamaica as well. I was the only one. It was,
everything was on my shoulders. So unfortunately, May fourteenth and
May fifteenth of twenty twelve, they both passed away nineteen
dollars apart, and they were literally they passed away right
before the sixty third birthdays, and I instantly became the

(06:41):
matriarch of two families. And when I tell you that
was the turning point for me. It really was so here,
I am beginning my nursing career and at the same
time having to do a double funeral. It's absolutely insane
and I wouldn't wish that on anyone, But it was
a wake up call for me because I said, wow,
you know, if I didn't do this with the encouragement
of my mother, wouldn't be financially stable right now. However,

(07:03):
I had to also make sure that the rest of
the family, my older siblings as well as my younger siblings,
to make sure they were financially okay. And the only
thing that I could trust at the time, because the
mortgage system was still in a pick old real estate
was still in a vice. So I said, precious metals
was the only way for me to really not only
maintain financial stability, but also curtail my spending habits as

(07:26):
well as well as my siblings. So, for instance, I'll
give you an example. If I wanted to consider buying
a dress or even a car, anything of that sort,
I would go, Hey, how much gold and silver would
this cost?

Speaker 1 (07:37):
Me?

Speaker 2 (07:38):
And I would see how much it would cost me monetarily,
and then I would buy the medals first, like I
would buy silver, particularly or gold, and I would have
that on the side and go, Okay, now if I
want to buy it, I can buy it knowing that
I already hedged against it with something solid, something tangible,
something that has five thousand years of history behind it.
And what maybe really truly look into precious metals. Even then, too,

(08:02):
was the fact that I knew the money printing was
going to happen, that the banks were bailed out, but
we weren't.

Speaker 1 (08:07):
We were the ones that.

Speaker 2 (08:08):
Lost our jobs. We lost our retirement savings. Fifty four
one k's were wiped out when not the market happened.
So I didn't forget about that. And of course a
lot of people have short term memories, but not me
because I literally lived it. So I said, never again.
It won't happen to me, won't happen to my family again.
And so precious metals became the ultimate strategy. And fast

(08:28):
forward to today, even though silver hasn't budged much in price,
gold has obviously hit all time highs, so I'm really
happy about that, of course, portfolio wise, but even though
silver hasn't really budged, I've been able to quadruple my
portfolio anyway because of strategies that I've used, particular strategies
buying particular products from particular sovereign mints, knowing the history
of precious metals, knowing that even as a nurse, we

(08:51):
use silver all the time for wound care. We use
it to conduct surgeries, we use it as an anti microbial.
They use silver in vaccines. A lot of people don't
know that, but it does help to heal, and it's
the only product that can be consumed safely for humans.
We have over ten thousand uses for silver now, and
silver has so much properties that I can't even go

(09:11):
into It would take all day. But as a nurse,
I knew silver was very important, but as an industrial
metal it's extremely important. So now, for the first time
in human history, there's less silver in the ground and
above ground than ever before. And when you consider how
Wall Street is trading gold and silver right now, it's
coming out of the ground at a gold to silver
ratio of seven to one, So for every ounce of gold,

(09:33):
only seven ounces of silver is coming out of the ground,
Yet it's being traded on Wall Street at one hundred
to one right now. It is absolutely out of alignment.
It is completely wacky there's really no price discovery mechanism,
and there's a whole lot of manipulation, so to put
it lightly. When I decided to walk away from nursing,
it was really time for me to go back into

(09:54):
financial services because I noticed another trend happening, people's retirement funds.
Even though we're sitting in the middle of the greatest
wealth transfer in history, eighty four trillion dollars are being
transferred right now, baby boomers are getting older. Ten thousand
of them are turning sixty five every day and have
been since twenty twelve, which so happened to be the
year my parents passed. Now we're seeing that people's time

(10:15):
and funds are definitely at risk in these markets. For one,
you have US treasuries, which now foreign central banks have
stopped buying, and now the FED has to step up
and buy those treasuries. Not only that, but the government spending,
as you know, our debt has morphed blossomed to thirty
seven trillion dollars.

Speaker 1 (10:34):
That is devastating.

Speaker 2 (10:36):
And I think all this money parenting and all this
spending is going on because they know that they have
every intention on siphoning off that eighty four trillion dollars
in retirements funds that the United States has. I believe
that all of these schemes, all of these conspiracies, all
of these policies are being intentional to siphon off that money,
and so people really need to protect the savings. So

(10:57):
I decided to go get my life man sure its
license and listen, I need to be on the other
side of this as a nurse, being already an educator,
a nurturer, someone who understands the needs of human beings,
whether it's the human body or whether it's mental Because
a lot of people, when you look at it, especially
as ice you nurse, a lot of people have mental
breakdowns because it starts with finances mental health. The underlying

(11:19):
cause is really finances, and when you feel financially unstable,
it can really affect your psyche.

Speaker 1 (11:25):
And so as a nurse, I've seen it, I know it,
and what is our result. We have to give you.

Speaker 2 (11:29):
Medications for it. Well, instead of having to give you
medications and you know, medicate you out, why don't I
educate you instead on how to protect your assets from
third party risks that can easily put you in a
situation where you'll be dependent on the system where you'll
be beholden to them.

Speaker 1 (11:45):
They dictate to you what to do. And not only that,
but if you're.

Speaker 2 (11:48):
A homeowner right now, they can take away your home
just because they want to put you in a nursing
home and you have to sell your home to pay
these scrupulous you know, corporations that older nursing homes own
own the hospitals. Now is private equity firms that own
the hospitals. Now they own the nursing homes. Now, what
if you don't have long term care? What if you
don't have enough health coverage? All of these things you

(12:10):
have to consider. And if you don't have this stuff,
they're gonna go after their assets to pay for this stuff.
And they have no problem making you poor while they
become rich. So how do we protect yourself? Life insurance,
life insurance, annuity products, and of course precious metals something
that's out system. And I'm the only financial expert that
has combined the four elements of ghost silver, life, insurance,

(12:31):
and annuities, because honestly, in order for you to really
true to protect yourself from third party risk, inflation, taxation,
creditors which is now coming after us, right now, how
many of us have student loans that we're trying to
avoid getting garnishments right now? How many of us have
medical debt? Medical debt is the number one biggest pet peeve,

(12:52):
Oh my goodness. And as a nurse, I know this
for certain medical debt. So a lot of people need
to protect their assets from these scrupulous predators that are
going to come after them and take all of their money.
So if I could educate, which is my primary goal,
to educate people, which I've wroten fifteen books now on
telling people my story. Yeah, it's fifteenth books I've written

(13:13):
on teaching people about financial education, financial literacy, how I
was able to transition from nursing to entrepreneur, how I
was able to transition from nursing to financial services. If
I can educate as many people as I can, it
will definitely help a lot of people. And just to
protect your assets from these privately equity firms, these pension holders,
these people who are running these pension plans, and they

(13:36):
really have they have no interest in what you're trying
to do for your life. All they want to collect
is their fees. And I do this fee free, so
I don't collect any fees from you. The insurance company
pays me, the annuity company pays me. I don't have
to collect anything from you. I'm working for you, and
I'm working for you to make sure that you have
peace of mind, sound financial piece of money.

Speaker 1 (13:57):
And that's the game goal. Wow, that's that's a lot
in one one story. So first of all, you know,
obviously a tragic story about your parents, which I can
relate to in some aspects, although it's I mean people,
until you go through something like that, you can't really

(14:20):
understand how deeply it affects you, not just emotionally but financially.
I've just see how things unfold when you're taking care
of people like that. It really is an eye opener.
So I completely understand. I mean, when my parents pass,
all I wanted to do was write a book about
the financial aspects of this that I, as a financial person,

(14:42):
had never thought about before. Like I just did not
expect a lot of what happened. And so there's a
tremendous amount to learn. And as you said, so many
people are really in that, you know, in that space
right now of taking care of people, And the more
you know the better, because it's hard to even be

(15:02):
there emotionally for people and that that's a full time job.
But when you had about the financial aspects on top
of it, Yeah, it's it's all consuming. Really, Yeah, work
very difficult to work while you're going through something like that.
So so I find your story amazing and inspirational, and

(15:23):
I just I just love that part about you and
your mom going to nursing school together. And and in
a way, it's so fascinating how the universe or God
or whatever you believe worked, because that's so that's such
a unique thing, and yet it was so such a
powerful force in his life. So it was how these

(15:44):
things come about. It's just really something. So I want
to talk a little because you know, you mentioned several
times about being protected. So sometimes I think it's hard
to understand exactly what that means. Okay, so I have
life insurance. I mean it's kind of like clear on

(16:05):
how that protects you and the precious metals, you know,
a stable kind of investment that's been around forever. But
I think, you know, what does that actually mean, Like
if they're coming after your house or your you know,
debt or whatever, how does that actually protect you in

(16:26):
the moment like what's going on where you can feel
like you know safe?

Speaker 2 (16:31):
Okay, well, excellent question. Definitely, so worst things. First, life
insurance isn't for those who are sick or dying, or
only for those who are dead. It's actually beneficial for
those who are living as well. We have life assurance
products now that you can actually borrow against to for
other investments. These are powerful instruments that, by the way,

(16:55):
is protected by IRIS Law seventy seven.

Speaker 1 (16:59):
Oh to death.

Speaker 2 (17:00):
You can look it up, okay. And it was created
the same time the Federal Reserve was created and the
IRS was created. Could you believe that so the elites,
who the bankers at the time, who created the Federal
Reserve to protect us quote unquote from market crashes, when
they were the ones creating it, they created this policy

(17:22):
in which they can create this life insurance policy in
which you can put as much money in it tax
and pull out the money tax free. Where the IRS
couldn't touch it, No one could touch it, not even
creditors could touch it. And you'd be able to set
up your own family banking structure in which you can
invest in real estate, you can invest in precious metals,
you can invest in anything at the time, and you
would be able to grow your money anyway. Even though

(17:44):
you took the money out of your policy, it would
still grow and earn interest. At the same time you
have your money in another interest bearing investment. So talk
about something that can certainly help protect you and complete
one hundred percent private and you can have this under
a living trust, which a lot of people don't have.

Speaker 1 (18:01):
Right now, which is how nursing.

Speaker 2 (18:03):
Homes and all these other facilities, these unscrupulous people can
come and wipe out your savers and force you to
sell your home for long term care. So IOL we
call it the index universal policy.

Speaker 1 (18:15):
These are the.

Speaker 2 (18:16):
Very powerful instruments that you can use and regular everyday
people like you andique can have this. The policies that
existed ten years ago are not the same as those
are today. We have more enveloped policies now, in which
matter of fact, we have policies that protect your income.
If you're currently a working professional like a nurse, and
you somehow get sick on the job, what do you
have to protect your income even if you have a IOL,

(18:38):
or you don't. You want something like a term policy,
but living benefits something that can pay up to ninety
percent of the face value if you cannot perform two
out of the six ADLs, which is activities are daily living.

Speaker 1 (18:49):
So if you can no longer.

Speaker 2 (18:50):
Walk to the bathroom on your own without pain, if
you can no longer brush your teeth, and they can
no longer carry heavy groceries, anything of that sort, it
will pay up to ninety percent and cover your income
forever how long you need to until you get back
to help or if not, you don't have to dip
into your retirement savings. You can use your TON policy
to help protect your income and help pay your bills.

(19:12):
So it's very powerful instruments that a lot of people
don't know about that exist today. And had I known
about this earlier, of course I would have joined sooner.
But I was just working on that hamster wheel. I
was still on that nursing hamster wheel. But it protected me,
it served me for for the purpose that it did.
So now that I know better, I can do better
and I'm helping other people do better as well. So yes,

(19:33):
you can use these powerful tools to help not only
purchase precious metals which will have your assets outside of
the system, but it would certainly protect you from government's
rupined government eyes, from anyone trying to look at your
assets because it be protected. And of course I always
recommend buying this stuff under a living trust because of course,
so that your descendants would know what you have, how
you have it, and how you have it placed.

Speaker 1 (19:55):
Can you explain, just for people who may not know
how that I was protecting, what's involved in having a
living trust, because I think you know, I know, I mean,
I had a big fit when I was taking care
of my parents and seeing what was going on. They
had it all set up for me, and a special
needs trust for my sister who's disabled, so excellent. That

(20:18):
was another huge deal. But for people who think, well
I don't have a lot of assets, you know, I
don't know. People try to avoid spending the money to
set up a living trust. But can you just explain
the value of having that versus not having it for
a minute.

Speaker 2 (20:36):
Wow, Well, let's go into what happened if you did
not have a living trust. Yeah, or first off, you
would have either judge or some other appointed guardian would
be able to dictate where your money goes, how it
goes if you are incapacitated, if you can no longer
speak for yourself. That's another huge issue that's going on

(20:57):
for a lot of baby boomers right now. Even if
you have a healthcare proxy or an advanced directive, if
you do not have a living trust, especially for your home,
which might be the only asset you may have. You
might not have that much cash, but your home. Yes,
it's something. It's something that you certainly don't want entities
come in to take or forcing you to take because
of extra expenses. You certainly want a living trust to

(21:19):
protect that so that they cannot touch that. Not only that,
but it's put into a trust. It's not in your name.
A lot of times people have too many assets in
their name and they're at huge risk with creditors and
with other things, even lawsuits or even divorce. Divorce can
be a really big financial downfall for a lot of people.
And if you have a living trust, it will protect

(21:41):
you from that. And of course we have using ie
Well and anewity strategy, absolutely you'll be able to protect
from that. So normally what happens when people don't have
a trust is that medical bills pile up, credit card
bills pile up. You have creditors who are having default
judgments against you, and what happens or you didn't get
the default, you didn't know that, you didn't you lost

(22:01):
this lawsuit. Oh well, now you have a lean on
your home or allow you have this on your home,
or now you have this, you're garnishing your ways and
they're garnishing your pension.

Speaker 1 (22:10):
What this is? What's happening right now?

Speaker 2 (22:13):
So you're completely out in the open, wide open for
anything to happen, and your children don't know, and even
if they did it can't do anything about it. It's
too late because you don't have a living trust set up.
So please I urge everyone to at least speak to
someone that can set this up for you. And of
course I can help my clients get it for free,
which is great.

Speaker 1 (22:30):
It's another peace of mind that I can help them with.
So that is amazing that you do that for free,
because sometimes it's you know, people go to attorneys and
it's cost prohibitive to do it. So absolutely, yeah. And
so when you have these assets, whether it's precious metals
for example, so that is separate from the insurance you're offering. Yes, yes,

(22:51):
the precious metals, that's an investment opportunity that you're suggesting.

Speaker 2 (22:55):
Absolutely something that will be outside of the system where
you can protect yourself. Because right now, even I know
a lot of people hear about gold iras where they
can invest in gold through an IRA. But here's the problem.
The government will know immediately that you bought goals.

Speaker 1 (23:10):
Because you don't have a good IRA.

Speaker 2 (23:12):
And I don't know about you, but in this environment,
do you really want the government knowing what you have
what you hold outside of the system. I people don't
think so. And and I know a lot of people
are probably probably asking right now, how come I finding
I'm try of financial advice already? How come they've never
recommended gold to silver? Well, because they don't make commissions
off of it. It's not something they can make a
buck off. And if they can't make a buck off

(23:33):
of it, they're conflict of interests. You know, as you
can see is clear they want to make them. They
don't want to make their fees. Whether you lose money
or make money or not. You know, it's just as simple.
My strategy is I don't care. I mean I do care,
of course, but I care about your money being outside
of the system. I'm not trying to make a feed
off of your gold and silver. That's it simple because

(23:54):
no one makes some money money off of that, but
you will protect it. It's a form of insurance. I
call it the umbro the ultimate umbrella, which I actually
have written four books called the Umbrella Collection, and this
is literally books that breaks it down very in poetry
form about how important gold, silver and life insurance and
annuities are.

Speaker 1 (24:13):
They're pretty cool books. So it's really the ultimate.

Speaker 2 (24:16):
Umbrella in which it protects you from the financial storms
where you can have something solid that.

Speaker 1 (24:25):
Creditors and anyone can protect.

Speaker 2 (24:27):
Themselves from it in order to give yourself some financial
peace of minds you can seek well at night because
there's too many things. There's too many geopolitical things happening
right now. The dollar is collapsing in real time, and
if you don't protect yourself at least from that, life
insurance annuities won't even mean anything. You could be getting
money from your annuities, but a low for break costs

(24:49):
five hundred dollars, gas goes up to what ten dollars
a gallon. You need something else to also hedge with
that as well. So that's why incorporate precious mills with
those two strategies.

Speaker 1 (24:59):
See, so let's talk about let's let's stay with the
precious metals for a minute. So there's a market, you
can buy it, sell it all the time, right, I
mean that's not and and you're saying there's if there
are tax free basically is that No, No, it's not.
They're not tax freed.

Speaker 2 (25:17):
There is a way to buy precious metals where you're
not paying tax when you're buying them. But of course
there's also a way in which you can use life
insurance so to prevent capital gains tax on your precious metals.
That's what it is, Yes, because of course this capital
gains tax on anything that increases the value, but you
use your life insurance to purchase it. It is not

(25:38):
only for protecting you from third party eyes, but it
protects you also protect you from capital gains tax.

Speaker 1 (25:44):
So because you're using life.

Speaker 2 (25:46):
Insurance as a loan to buy an asset, just like
you would what if you wanted to buy real estate,
you would use your life insurance to buy a real
estate property, and you're gaining that appreciation while still earning
interest in your policy.

Speaker 1 (25:57):
It's the same thing, but you're using it for precious metals.
So that's the that's the idea. That's super interesting. Okay, yeah,
so you're actually that's where your funding comes from. Yeah.
That that's fascinating in itself. And then how much though,
I mean, what are we talking about with the life insurance?
Is that something that people are going to feel like, well,

(26:19):
you know, I just can't afford that, or is you know?
I do remember looking at what used to be called
whole life a million years ago and now it's it's
it's really changed. The names have changed. I mean, the
thing has changed. But I just remember thinking I went
with term life because it was just so much less expensive,

(26:40):
and I don't think back in the day it had
it didn't have the same advantages anyway, although it had advantages,
I just felt costly. So how do you kind of
you know, weigh that and can you come into it
at any age? Everything's cheaper when you start younger.

Speaker 2 (26:57):
Oh yes, I'm glad you mentioned that. Okay, So first off,
the affordability, the iu wels that exist today are definitely
more affordable now. Of course, depending on your age, I
would I would of course, like, for instance, I had
a fifty six year old person who.

Speaker 1 (27:12):
Wanted to IUL.

Speaker 2 (27:14):
Of course, in order for you to benefit from that,
from the high interest that you could accumulate in the
IOL plus the tax strategies, you would of course have
to put more into it per month, let's say one
thousand or two thousand dollars a month, just to be
completely transparent, as opposed to someone starting in their twenties,
which all you would have to do is put about

(27:34):
a thousand or even seven hundred a month, and you
can accumulate that over time, and by the time you
need it for let's say early retirement or even when
you're ready to retire, you have a whole lot in
that policy that you can do whatever it is you
want with it. So yes, to someone that's older, yes,
you would have to definitely factor in that expense. But
what I noticed with a lot of clients who are

(27:54):
in their fifties and sixties, they have a lot of
cash lie somewhere. They just don't know where to put
it in a protective space in which they can protect
themselves from lawsuits, creditors, divorce, things of that nature, and
they needed to put they need to put it in
somewhere and where they can protect it and have it
grow outside of the market where it's murdering the S
ANDP fire upon you. But it's not at risk in
these markets. Your four one K is at risk though,

(28:16):
because if it goes down, so does your four one K.
Your IRA is at risk in these markets because if
it goes down, so does your IRA. With the IU
L it does not go down with the market. It
locks in those rates when it goes high. But if
the market goes low and it's slumps, you don't lose
any money. That's the difference with the index universal life
insurance policy.

Speaker 1 (28:36):
And that'ssially the insurance company covering that. Like, how does
that work? I mean, you know in the open market
it makes sense to me, But how do they maintain
that locked in rate?

Speaker 2 (28:46):
They? Oh, wow, well, you know life insurance policies, life
insurance companies. They of course it invest in US treasuries
because they go into the bond market. So a lot
of the bond market supports insurance companies. So that's how
they're to mirror the S and P five hundred, locking
in those gains. But then if the market drops, you
don't lose anything because they have those treasury bonds that

(29:06):
are backing up those spouses.

Speaker 1 (29:08):
Okay, I guess so interesting, So would you suggest this
as an option? So when you were talking about people
having money that they don't know what to deal with,
can you move a significant amount of that upfront?

Speaker 2 (29:21):
And yes, absolutely, as a matter of fact, I would
suggest you do that. That way you'd be able to
take advantage of the interest rates that are not right
now because of course the FED will be lowering them.
So yes, if you do have a chunk of money upfront,
I know a lot of people that just have them
sitting in the bank, but it's not really earning as
much interest. You could put it in the IOL and
be better protected and you and if you need it

(29:42):
for the future, you can pull it out and still
earn interest on top of your money, while having to
of course pay it back if you wanted.

Speaker 1 (29:49):
To play back. Even if you didn't pay it back,
they would just take it out of the death benefit.

Speaker 2 (29:52):
A lot of people don't understand that, but the death
benefit is the huge is the big deal here, and
that's what makes like they're so great.

Speaker 1 (29:59):
But yes, that would pretty much be the structure. Okay, okay, yeah,
And so so that death benefit still exists unless I
guess you, unless you last part, but it will always
be there, okay, okay, yeah, so interesting And and the
annuity part of it that is to guarantee income, guarantee

(30:22):
income for life.

Speaker 2 (30:24):
So absolutely, especially when you have a qualified account such
as a four one k I RA. If you're worried
about the market going down and you've already lost a
lot of money and you're you're barely broken, even consider
yourself putting yourself in a private pension, private annuity in
which will give you interest good interest rates. Not only that,
they give you bonuses on top of whatever you roll over.

(30:45):
A lot of these companies put forty five percent on
top of the money that you roll over. Why not
take advantage of those programs so you can roll over
your money and even if well you put in there,
you've already collected or started to pull out, they will
continue to still pay you a monthly payment. That's how
annuity is work. So that is exactly what you want
to consider. And it's outside of the system. You don't

(31:07):
have to worry about a broker or anyone you know,
taking fees out of your money. There's nothing of that sort.
You do a one time roll over, you said it
and forget it, and he just continued to collect income
for life.

Speaker 1 (31:17):
Mm hmm. Yeah, that is something I saw when I
was taking care of my parents. Again, I guess my
dad he had worked for universities as a professor and
so he had a life insurance policy that at some point,
I mean to piece it together. It was a whole
puzzle and I didn't really know that you could do that,
but he had flipped it into an annuity and he

(31:39):
was getting monthly payments and he lived live, so it
was it was pretty helpful. Absolutely. Yeah, that's actually another
really good strategy that was Yeah. Wow, Okay, well, Camill,
there's there's a lot here, so yeah, I'd love to
know a little more. In terms of the precious metals

(32:00):
having gold and silver aren't the only ones. Are there
other others that you recommend? Here's the thing. Plantum and
palladium are another group of metals.

Speaker 2 (32:10):
They're mostly industrial metals, and right now they are going
up in value because of the geopolitical stripe that's going
on right now, and of course the EV market is
not doing too well, so a lot of people are
converting back to hybrid. They're not so much into EV's
anymore so because platinum palladium are much rarer than gold
and silver, these metals are definitely tend to poise to

(32:32):
go up in value, but I would not recommend them
as investments because they are mainly industrial. Gold and silver
have been money for over five thousand years, and I
would definitely focus on more gold and silver, especially since
ever recent little central bank in the world has at
least fifty percent of their portfolio in gold. And as

(32:52):
far as silver, only two silver mines exist left in
the world. One is in poland one is in Mexico. Yes,
umber silver is a by product of gold and there's
not that many silver mines. Matter of fact, the only
silver mine, the one biggest one in the world was
Nevada was in Nevada because Nevada is known as a
silver state. Remember it was a part of Mexico at

(33:12):
one point, and of course that's when we new and
discovered that Nevada had all the silver. Nevada still has silver,
but it's not minable, so to speak, unless you develop
the technology to be able to mine it properly. But
Mexico still has by far the number one biggest silver
mine and they're running out. So when I tell you,
silver is getting far more rarer than ever before in history.

(33:33):
This is why silver is supposd to go up, and
that gold to silver ratio is very important.

Speaker 1 (33:37):
Guys.

Speaker 2 (33:38):
If you look at the history of gold and silver,
it's normally fifteen to one. Right now it's trading at
one hundred to one. That means that silver easter either
has to cash up to gold or gold is gonna
go down. And with central banks buying gold, gold is
not going down any times, so silver has to catch up.
So when I tell you that silver is the biggest
opportunity in history, you just have to know where to buy,

(33:59):
how to buy it. And of course I teach you
this what to buy as well so that you're not scammed,
because there's a lot of scams going on out there,
and I don't want people getting fleeced. Matter of fact,
we had one precious metals dealer that just went to jail.
He got sentus to sixty five years in prison because
he was selling products and wasn't delivering on them. There's
been a number of stories like that. So I have
trusted metals professionals that I worked with over fourteen years

(34:23):
they would certainly be able to help you out. And
of course I'm into mining, especially mining stocks countries that
have these minds in which the geopolitical landscape is not
so bad because you know, a lot of them like
to nationalize when something happens, but with these particular minding styles,
you don't have to worry about it. Plus, I also
teach you how to look look at the futures market,
how to monitor precious metals prices, how to see whether

(34:45):
they're going to go up go down, so you could
take advantage of those stop fluctuations. If you're a day trader,
you can learn these stuff. So I definitely want to
encourage people to look at this market because it's something
that no one's talking about. But it's when no one's
talking about it that you should be looking at it.

Speaker 1 (35:00):
So you don't want to.

Speaker 2 (35:00):
Follow the crowd. And I've never been the one to
follow the crowd. I've always been the contrarian thinker.

Speaker 1 (35:07):
No, that's great, I'm fascinated by this. So so in
terms of buying and selling, you know, I know gold
and silver you can you can buy and have the
physical product, but what if people do I don't have
like a closet for gold bars or anything like what
what's the norm for that?

Speaker 2 (35:24):
And excellent, So it's especially if it's because of course,
with gold, you can store a small about a larger
value of gold, like a million dollars worth of gold
in a shoe box and put it somewhere safe. But
silver is very, very dense, and of course you can't
just store silver just anywhere because especially a lot of it.
So a lot of these precious metals dealers offer free

(35:46):
storage for you if you buy through them. They can
store it for you through Brinks highly secure. There's Brinks
products and storage facilities in Singapore, Nevada, Utah, Texas.

Speaker 1 (35:58):
Texas has a.

Speaker 2 (35:59):
Great storage facility there. Cayman Islands, you can choose that
as well. Wow, Hong Kong is another place too if
you'd like to consider. But especially if you really wanted
to go really deep in, you definitely want to store
your metals offshore or even somewhere where you know it's safe,
it's under guard and you know it's out of the system.
It's but it's you could also liquid it at any

(36:21):
time if you needed funds, if you needed something right
away and you want to put it in a segregated account,
not allocated where they're mix it with everybody else's medals.
You want it in a segregated account where you can
always pull it out. Hey I need a thousand, Hey
I need two thousand, Hey I need twenty thousand put
on the house, I need to.

Speaker 1 (36:37):
Fix my kitchen. They can liquidate it right away and
send you to check and you won't have to work. Okay, okay,
very interesting, and yeah, this is so. So you have
a masterclass. Is that do you teach some of this
in that?

Speaker 2 (36:53):
I go really in depth, not only just showing you
the strategies that I've learned, telling you, of course my
story how I got into it and how and I
even show you my portfolio. I literally show you my
spreadsheet of every single thing that I've purchased at the
time that I bought it, the price that I bought it,
and how much is worth now is something It is
almost like a security breach, But I wanted to do

(37:14):
that to show full transparency that this can be done
and you can certainly grow your portfolio in the most
safest way possible while incorporating life insurance to the nudies.
And so I literally show people that in this masterclass,
not only that, I show them my sources of information
from experts in the industry about mining, about what's going
on geopolitically, what's going on with with the municipalities and

(37:37):
your pension funds, and how you need to protect that.
I go into every single thing so detailed, and of
course I list all my sources of information, so that
you know what I know. You know how obsessed I've
become all these years and why I'm become so obsessed.

Speaker 1 (37:52):
But also I.

Speaker 2 (37:52):
Also teach you futures trading. I also teach you how
to trade in a bear market if you're interested in that.
I also teach you how to use AI. Now AI
has evolved so well you can use AI to really trade,
use investment strategies and trade in these markets very well
and have a more higher success rate. So if you
wanted to learn about that stuff, I can certainly show you.
I also go into The Wizard of Oz. The Wizard

(38:14):
of Oz a lot of people think it's just a
children's story. It's not this children's story. It was written
at the time around after eighteen seventy three, The Crime
of eighteen seventy three, where they took silver out of
our money. It was at that time in which Dorothy's shoes,
which was silver in the book, that was her ticket home.

(38:35):
The yellow brick road was the gold standard at the time.
The Emerald City, well it wasn't really an Emerald city,
was it. They had to wear emerald.

Speaker 1 (38:42):
Colored glasses, which was an illusion.

Speaker 2 (38:44):
And then of course the wizard was someone just pulling
the strays or but it was an illusion.

Speaker 1 (38:50):
He was also not a wizard. It was just you know,
someone with digits on the screen, putting digits and printing money.
That's the Federal Reserve. All of this stuff, isn't the book.

Speaker 2 (39:00):
And of course the Cowley Lion was the politicians at
the time who had barked with no bite. You had
the ten Men that represented the workers at the time
that felt like they were on this treadmill and they
were getting laid off by the Does that sound familiar,
That's what's happening right now. And then you had the Scarecrow,
which represented the farmers at the time, which they're losing

(39:20):
them at the time because the back had long theminate
barred so much to the hill. They were in debt.
Does that sound familiar? This time during the Belt State.
So when I tell you the comparisons between the Wizard
of Oz it was happening right now is unbelievable.

Speaker 1 (39:39):
And of course the trade war.

Speaker 2 (39:41):
I go into the opium wars back then two hundred
years ago between and Britain and how that relates now
with the fentanyl issue and the trade wars we're China
going on right now with Trump. Everything is full circle.
Everything nothing is happening by coincidence. Everything comes full circle.
So I do teach you that in domestic class.

Speaker 1 (39:59):
Wow, that's a lot more than in Martin Or that's amazing.
I did that Wizard of Oz analogy. That's so interesting,
Like is that is that all you? Or I did
have other people talked about this? Oh yes, as a
matter of fact, I list my shouts in the master class.
Experts who have studied this for years.

Speaker 2 (40:20):
They knew what the author was trying to put to
portray about with odds. So it's very fascinating. Economiccory is
fascinating in of itself. But because people don't really know
about it, they tend to repeat the same mistakes. And
so that's why you don't want to repeat the same mistakes.
You don't want to repeat the mistakes that your parents
did or your grandparents did, and they that was a
different time. You need to not protect yourself with different ways,
new innovative ways in which you can ensure that the

(40:42):
next generations are good sound of mind, and of course
subly financially.

Speaker 1 (40:48):
Yeah, well this is fascinating and it sounds like, you know,
as much as you love the precious metals, it sounds
like you're pretty diversified still. Oh yes, yeah, so yeah,
because you're talking about docs and companies that you invest
in as well, and so it's not you know, for
people listening, it's such a it's there's so many opportunities. Now,

(41:11):
I mean, you know, I'm not a crypto person, but
there's crypto, there's all kinds of things. Yes, So in
a way it's a good opportunity. In a way, it's
just confusing and paralyzes people. So, you know, I love
that you're bringing this up, but you don't have to
be you know, you can still diversify and you can, right,
And I'm glad you mentioned cryptocurrency because I have a

(41:32):
crypto strategy as well. I do own some bitcoin, and
I have a gold to bitcoin ratio strategy. That I
look at, which tells me when I should buy more
bitcoin based on the gold price. Because remember bitcoin is
in fiat, but gold is gold.

Speaker 2 (41:47):
Gold is not going anywhere, so using that bitcoin to
gold strategy is less using the gold the silver strategy,
using the Dow to gold strategy. This is how you
know how to get in and out of the markets,
and there is an exit strategy that you as well
as It's all about wealth cycles. If people knew about
wealth cycles, they would know exactly when to get in,
when to get out, and how to go that wealth

(42:07):
exponentially over time. This is all that elites do it.
So nowaday I learned it, I can never go back.
I can never go back to what I used to know. Yeah,
that's so.

Speaker 1 (42:16):
I mean, you're so passionate about it for one thing,
which is so great, But you're also so knowledgeable, so
you know, obviously you've learned a lot. Is there is
there anything you can I mean your masterclass obviously, but
is there anything else you can recommend to understand these
wealth cycles? Because I do think that's realief howl. Oh yes, absolutely.

Speaker 2 (42:35):
My main one of my main sources was Mike Maloney's
Go to Silver The investment of the twentieth century. This
guy is a wealth information he is he specializes in
wealth cycles period. Okay, but he just so happens to
be a golden silver guy. But it's about the wealth cycles.
And he studied it because he went through something similar
when he saw how his aunt was fleeced by a

(42:56):
financial advisor and that he said, no, this, it must
be a better way. So he looked at wealth cycles
and he saw that it's just a commodity cycle. Right now,
Golden Silver's time to shine.

Speaker 1 (43:05):
That's what it is. So once you know that and
understand that.

Speaker 2 (43:09):
You know where to put your money and then when
to take it out, because of course with everything, you
want to know your exit. You don't inser something unless
you know how to exit. So that's what it is,
and that's how I teach people.

Speaker 1 (43:19):
And of course with that.

Speaker 2 (43:21):
Book, I decided to write fifteen books that actually breaks
it down because what I do notice is that this
can be overwhelming for a lot of people. Yeah, and
I wanted to break it down in the way in
which a grandparent could sit down with their grandchild and
read the book, read these books and be like, hey, wow,
this is really interesting.

Speaker 1 (43:39):
How she put it together and I put it in
a poetry forms.

Speaker 2 (43:43):
These books is absolutely amazing, So it's called the Umbrella Series.
Definitely want to check it out Precious Metals masterclass dot com.
The books are listed there at the bookstore and these
books literally in poetry form, break it down different scenarios,
whether it's people losing their home or people losing their jobs,
and how gold and silver can help along the way.

(44:03):
It's almost if the golden silver is hold in this
little boy's hand and telling them, look at.

Speaker 1 (44:07):
What mommy and daddy's going through. How can you help?
You know? It's that sort of thing.

Speaker 2 (44:11):
It's so cute, but it's of course it takes you
on a journey and it's really wonderful. And of course
I have books as well that takes you on a
journey of my personal journey from nurse on financial advisor,
from employee to employer. Because now I have my own
financial brokerage agency. I have eighty five agents and I
need them the same things I know, and not only that,
I help to educate them on financial history, on monetary history,

(44:35):
on wealth cycles, so that they know and Nate can
continue to educate their clients. So I mean because of
these because of this knowledge, I was able to not
only help myself, but help others as well, which is
also very rewarding.

Speaker 1 (44:46):
Yeah, well, Camille, this is fascinating and you just are
so interesting and you know so much, and so how
can people and they can go to your website any
other ways for them to find you out there? Oh?

Speaker 2 (45:02):
Absolutely so. Of course, this Precious Metals Masterclass on Facebook.
All you have to do is just look up Preciustos
master Class. You'll find me Emmal Diamond Advisors as well.
I have a YouTube channel called Can't Have My Umbrella
as well. Be sure to check that out because it's
literally videos about the Umbrella series, Umbrella collection books, and
it's in video form so you'll be able to watch.

Speaker 1 (45:24):
It with your kids. It's really cool. And I also
have LinkedIn.

Speaker 2 (45:29):
Feel free to find be on LinkedIn, c S Wiles,
LinkedIn dot com, slash cs Wiles and you'll be able
to find me on there. But also all of my
links are on Precious Metalsmasterclass dot com and I have
a free webinar guys, so you guys can check out
every single thing that we talked about. Of course, Beautiful
Michelle is all in the webinar, and of course you'll
be able to see it, just like you be able

(45:50):
to know what I know. And if you want to
sit down and have a one on one with me,
schedule appointment on my calendar. My calendar is also linked
in the webinar as well.

Speaker 1 (46:00):
Fantastic. Okay, Well, I can't imagine that we haven't just
sparked a million questions and a lot of curiosity about this,
and I really want to thank you for coming on
and sharing all this and and for your time and
I you have I mean, between the books and the

(46:20):
master glasses and the opportunity to speak to you, there
there's a lot of ways to access some of what
you know and to get involved here. So I think
what you're doing is amazing, and really thank you for
going so deep into this and and you know, bringing
it to us today. So it's you know, you brought

(46:42):
up a lot of things that feel like we're so
we're unstable in many ways, but you've also found solutions
for that. I think that's what's so important right now.
It's black people who are just you know, kind of
deer in the headlights right now and just.

Speaker 2 (46:57):
Absolutely and that's as as a nurse, as I see nurse,
That's what I'm supposed to do, right, I'm supposed to
come up with a solution in the midst of chaos
and mayhem, you know, just kind of be calm and
reevaluate and see what the tackle first, first, second, third.
It's kind of like trioge essentially.

Speaker 1 (47:14):
Yeah. Oh, that that's exactly how I tackle it in triog.

Speaker 2 (47:17):
If you're sitting down with me one on one, you're
telling me your financial situation, I'm gonna show you, in
trioge form how to tackle it. Let's see what we
can do first, second, and third, and then give you
that client so that you can deal, you can take
time to heal and you don't have to think about
it so much.

Speaker 1 (47:31):
That is so great, and it is there's such a
parallel there, and you know, and one in the health
arena and one in the financial arena, and it's it's
really great. So ohky, which is really cool. Yeah, yeah,
it's great. This is really fascinating a lot of new
information for the listeners. And I'm I'm really so excited

(47:55):
that you were here the same so so listeners, I
hope you enjoyed this show. I know that there's a
tremendous amount of information. You might even want to listen
to this one twice and reach out to Camille. Go
to her website and check out her YouTube. But Camille
the name for your YouTube? One more time? Dance have
my umbrellain? Okay, okay, great? And uh yeah, I just uh,

(48:19):
this is a great opportunity to learn and take advantage
of some areas that maybe you haven't thought about. Uh.
And and you know this, this is very very helpful
for people, especially if you're you have specific concerns about
the world and everything else. I'm actually really glad you
brought up the world situation because I find a lot

(48:41):
of financial people, especially in the you know, securities arena,
feel a little like they're insulated, which I don't really
agree with. But you know, so I agree with you,
they're not insulated. Yeah, I'm glad you. I'm glad you
addressed it, and so I think a lot of people
are not so anyway. But audience, thank you so much.

(49:05):
Please share the show with friends and your family and
rate and review the show if you enjoyed. As we
can continue to bring great guests like Camille onto the show,
and I hope to come back. Yes, I'd love to
have you back. There's so much more to talk about,
it's yeah, so thank you for that, and we'll stay
in touch on that one for sure. We'll go all right,
and listeners, money and you show. We ERA every week,

(49:28):
so please join us, and thank you ubngo dot com
and yeah, we'll see you next week for another great
show