Financial Control for Life™

Hosted by Stephen Devlin

Business Investing

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Latest episode

Jun 2025

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About the show

What makes us different? We are Canada’s premier company specializing in participating whole life insurance and Bank On Whole Life™ concepts to engineer value-based, strategic wealth plans using a holistic approach for individuals, families and business owners so they can achieve Financial Control for Life™. Join us on each episode as we explore various avenues of wealth planning and offer strategic insight into addressing some of life's biggest financial challenges. Enjoy!

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6 recent

June 25, 202523 min

The Myths Surrounding Retirement

In this episode, Stephen and Michele dive into one of the most misunderstood areas of financial planning: retirement and whole life insurance. Too often, people think life insurance is something they do just for their loved ones—not realizing it can be a powerful tool for themselves as they plan for retirement. We bust common myths about retirement, explore the downsides of going in unprepared, and highlight what you really need to know to secure your financial future. From the importance of equity and diversification to why working with a knowledgeable agent is critical, we cover the real talk most financial professionals won’t tell you. Chapters: 0:00 - Introduction 1:18 - Varying visions of retirement 7:30 - Dealing with windfalls 13:17 - Dealing with capital gains on real estate 19:00 - Passing along wealth 21:41 - Connect with our team 23:03 - Closing remarks

August 14, 202429 min

Unlearn, Unlock, and Take Back Control of Your Finances for Life with Garrett Gunderson

Today, Stephen is joined by the New York Times best selling author behind Killing Sacred Cows , What Would the Rockefeller's Do , and several more. In his most recent book, Money Unmasked Garrett Gunderson speaks on his years of expertise developing new ways to think about their financial life, as well as an intimate look into how our money mindset is developed in their first place. Today, we will learn how to unlearn, unlock and take back control of your financial life. On the latest episode of Financial Control for Life™, we're diving into these concepts and clearing the air! We'll help listeners grasp these need to know updates in Canada, and why you should be leveraging a true expert's ability to maximize the associated benefits. This episode is packed with helpful information for your financial world! Chapters: 0:00 - Introduction and Welcoming Garrett Gunderson 3:40 - How Garrett Developed His Early View on Finances...Scarcity Mindset 5:40 - The Proper Questions 7:30 - Scarcity vs. Prosperity 11:00 - Mindful Cash Management 14:40 - Value Index 17:50 - Shadow Personas and Their Inverse 23:30 - Mental and Relationship Capital...What Would Love Do? 27:40 - Closing remarks Connect with MacDev Financial: LinkedIn Facebook YouTube

July 10, 202434 min

Five Risks Impacting Your Financial Future and What You Can Do About It

With a possible capital gains tax looming over the horizon, it's more important than ever to be aware of the risks impacting your financial future. Just as importantly, what can you do to not just safeguard your wealth but actively maneuver into the most beneficial position for you? On the latest episode of Financial Control for Life™, we're diving into these concepts and clearing the air! We'll help listeners grasp these need to know updates in Canada, and why you should be leveraging a true expert's ability to maximize the associated benefits. This episode is packed with helpful information for your financial world! Chapters: 0:00 - Introduction and overview on the topic of the day 1:00 - Capital Gains Tax 2:30 - News Clip 5:10 - Doctor Shortage and The Impact of Poor Legislation 5:50 - 5 Key Factors Impacting Your Financial Future 8:00 - How To Leverage Whole Life Insurance 10:00 - Impact of Capital Gains on Inflation and Debt 14:42 - Market Risk and Order of Return 19:33 - Health Risks and How to Optimize for the Unknown 24:00 - The Importance of Getting a Needs Analysis with an Expert 28:25 - Get Whole Life When You Can 30:00 - Have That Family Meeting 32:45 - Closing remarks Connect with MacDev Financial: LinkedIn Facebook YouTube

April 22, 202436 min

Bank On Yourself and Infinite Banking Concepts”: Can You Use This in Canada? Yes, But…

The Bank On Yourself and Infinite Banking concepts are all amazing concepts and strategies, but Canadians are unclear if these can be utilized in their country. Additionally, if they can be utilized, how do they work? On the latest episode of Financial Control for Life™, we're diving into these concepts and clearing the air! We'll help listeners understand the vehicle of whole life insurance, how they can be utilized in Canada, and why you should be leveraging a true expert's ability to maximize the associated benefits. This episode is packed with helpful information for your financial world! Chapters: 0:00 - Introduction and overview on the topic of the day 2:50 - The asset being leveraged in these strategies 4:55 - What is whole life insurance? 10:30 - Becoming your own banker with this strategy 12:30 - Dividend paying whole life insurance and the guarantees associated with it 14:27 - How the Devlins utilized this strategy for themselves 16:21 - Understanding how to leverage this strategy 18:12 - Stephen acting as part of the policy development team to reinforce these strategies 21:27 - Helpful book resources to educate you on these concepts 22:30 - Working with an expert in these concepts 30:19 - Your agent should know the differences in these programs between USA and Canada 32:34 - A MacDev Financial client that later became a member of the team 35:47 - Closing remarks Connect with MacDev Financial: LinkedIn Facebook YouTube

March 20, 202413 min

Rewiring Your Brain for Financial Success

Everyone has a different behavior and habits surrounding their money and their greater financial planning. However, it's critically important to have a financial gauge that addresses your goals over time. On the latest episode of Financial Control for Life, Stephen and Michele explore the key drivers of financial success, all of which begin with rewiring your brain and understanding what it takes to generate wealth over time. Chapters: 0:00 - Introduction and overview on the topic of the day 1:05 - Three things you need to know about your behavior with money 2:29 - What are your goals? How are you going to achieve them? 3:43 - Assets vs. liquid cash flow 5:04 - Addressing the scarcity and abundance mindsets 7:20 - Understanding the importance of "delayed gratification" 8:20 - The attributes of the "Perfect Asset" 9:57 - How Stephen came across the concept of Whole Life Insurance and changed his life 11:36 - The key takeaways from today's episode 12:20 - Closing remarks Connect with MacDev Financial: LinkedIn Facebook YouTube

November 26, 202312 min

Life Insurance is a Love Assurance

Welcome to Financial Control for Life,™ a show where we discuss customized business and personal insurance solutions and investment strategies. On our very first episode, we introduce you to Stephen Devlin, President and Chief Financial Officer of MacDev Financial, and Michele Devlin, Chief Executive Officer and Chief Compliance Officer, while also exploring one of the foundational insurance solutions the MacDev team leverages for clients each and every day. Life insurance is misunderstood. Plain and simple. In this episode, we're addressing the common misconceptions surrounding life insurance and why it's such a pivotal tool within your financial planning toolkit. Let's get started! Timecodes: 0:06 - Introduction and overview on the topic of the day 0:40 - Why life insurance is such an important topic to be considering 1:18 - The differences between Term and Whole Life insurance solutions 2:28 - The cost differences between these different life insurance strategies 4:03 - Do I even need life insurance? Is it a scam? 5:29 - Why are people not talking more about the benefits of life insurance? 7:05 - Michele's cancer diagnosis and needing life insurance 9:30 - Life insurance is too important for you to not incorporate this tool today 10:38 - How to get in touch with the MacDev Financial team and have a conversation 11:20 - Closing remarks Connect with MacDev Financial: LinkedIn Facebook YouTube