PODCAST EPISODE 296 – Should I Buy Life Insurance for My Kids?

WHAT WAS COVERED

0:12 – Episode starts. Life insurance basics and debunking financial celebrity misinformation.

4:31 – Life insurance for children and its emotional implications.

8:58 – Life insurance for parents and children.

13:27 – Juvenile life insurance and its benefits.

18:19 – Life insurance growth and tax benefits.

22:46 – Life insurance for children with cash value growth.

27:41 – Life insurance for children with cash value growth.

35:00 – Episode ends.

[Tweet “As a business owner, you might have gone through the early years of having blood. sweat, and tears into the business before it was truly profitable. It’s not that much different with a tool like life insurance. #YourBusinessYourWealth”] [Tweet “Comparing life insurance to investing in the S&P 500 is like comparing a luxury RV with a bed and a microwave to a Ferrari and expecting the first one to go as fast as the latter. #YourBusinessYourWealth”]

LINKS

Email us at info@sfgway.com to get a copy of the shared illustration.

US Banking System Explained in 20 sec: https://www.instagram.com/reel/Cx78axxIr8X/?igshid=MTc4MmM1YmI2Ng==  

Business Industries that Disappeared Overnight: https://youtube.com/shorts/V_GLYGZA-sg?si=PLIUi9Pp2hunNMvD  

Florida Man Pleads Guilty to 250 Million Fraud: https://fortune.com/2023/10/14/florida-man-whose-family-business-owned-playgirl-magazine-pleads-guilty-fraud-lending-company/  

Heated Debate Between Infinite Banker and Dave Ramsey – YouTube

https://www.wsj.com/personal-finance/americans-are-bailing-on-their-home-insurance-e3395515 

https://www.wsj.com/personal-finance/retirement/high-earners-50-and-up-get-two-year-reprieve-from-irs-on-401-k-rule-3a6d4727 

https://www.wsj.com/finance/investing/how-to-get-rich-and-famous-from-a-stock-market-crash-6914580a 

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling

Sound Financial Group’s Website for a Financial Inquiry Call – Info@sfgwa.com (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

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Full Episode Transcription

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC