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PODCAST EPISODE 293 – Dave Ramsey Doesn’t Understand Life Insurance (Part 1)

 WHAT WAS COVERED 0:12 – Episode starts. Yet another video by Dave Ramsey. 4:44 – Whole life insurance and cash value. 14:42 – Whole life insurance misinformation. 21:38 – Whole life insurance and its potential for growth. 25:54 – Dave Ramsey’s incorrect calculations. [Tweet “If somebody called our show, and was misinformed about something, I’m not going at them. …

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PODCAST EPISODE 292 – How Much Insurance Should You Have? Auto, Home, Umbrella, Disability & Life

 WHAT WAS COVERED 0:12 – Episode Starts 2:53 – Insurance terms and misconceptions. 6:51 – Car insurance coverage options. 12:53 – Homeowners insurance coverage and valuation. 18:13 – Umbrella insurance and its importance. 24:24 – Disability insurance coverage and supplemental policies. 27:15 – Importance of understanding the language of insurance terms. 34:15 – How much is your life worth? …

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PODCAST EPISODE 291 – Avoiding Investment Scams

 WHAT WAS COVERED 0:12 – Episode starts. 3:35 – Investment scams and how to identify them. 8:18 – Potential investment scams and red flags. 12:48 – Investment strategy and potential scams. 17:41 – Investment opportunity with unclear terms. 23:18 – Potential investment scam with multiple red flags. 28:43 – Investment scams and how to avoid them. [Tweet “Defrauded people …

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PODCAST EPISODE 290 – How much do you need to retire?

 WHAT WAS COVERED 0:11 – Podcast begins. 0:20 – Financial independence and work-optional lifestyle. 1:41 – Assets, capital at work, and financial independence. (1:41) 5:40 – Retirement distribution strategies. (5:40) 9:35 – Retirement income calculation. (9:35) 13:11 – Retirement planning for high-income earners. (13:11) [Tweet “The word retirement wasn’t really used to apply to people in the United States, …

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PODCAST EPISODE 289 – UPDATE: Jim Cramer’s 2023 Predictions

 WHAT WAS COVERED 0:11 – Podcast begins. 3:48 – Stock recommendations. (3:48) 7:55 – How much time should you put into your portfolio? (7:55) 15:39 – Airbnb continues to perform. (15:39) 18:52 – The problem with buying individual stocks. (18:52) 23:56 – Managing your money for retirement. (23:56) [Tweet “We have no evidence that you as an individual investor …

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PODCAST EPISODE 288 – What do Michael Burry and THE GUY who called the 1929 crash have in common?

 WHAT WAS COVERED 00:12 – Introduction of the episode.  4:51 – America is bailing out on homeowners insurance.  12:43 – An example of how insurance unlocks wealth.  16:31 – How to predict a market crash?  22:30 – The problem with predicting the market.  [Tweet “All you do is tell everybody, the stock market’s going to crash. And it needs …

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PODCAST EPISODE 287 Young + 401(k) = IRS Wins

 WHAT WAS COVERED 0:12 – Introduction to this episode. 1:15 – The government has increased regulation around retirement plans 3:35 – Retirement account as a tax-deductible 5:01 – What a retirement account actually costs you 7:57 – What the IRS does is absolute robbery 18:14 – You will most likely retire in a higher tax bracket 21:41 – The …

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PODCAST EPISODE 286 – Dave Ramsey’s PPP Advice Worse Than Fraud?

 WHAT WAS COVERED 0:15 – Introduction to this episode. 3:16 – What should I do with my PPP loan? 9:41 – Being good stewards of your capital. 15:07 – How to filter what you say against reasonableness? 19:56 The trade-off between short-term pain and long-term pain. 24:08 – Take a pay cut or take a pay vacation. 28:43 – …

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PODCAST EPISODE 285 – Does Your Bank Offer a Wealth Coordination Account?

 WHAT WAS COVERED 0:12 – The episode starts 2:59 – The biggest quandary of the credit union. 5:37 – Taking pictures of bank signs. 8:08 – The problem with budgeting and saving. 12:46 – The residue model vs. the catalytic model. 14:25 – The importance of having a wealth coordination account. 17:05 – Taking back the use of financial …

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PODCAST EPISODE 284 – How Annuities Work…Or Don’t

 WHAT WAS COVERED 0:12 – Start of the episode 1:43 – What is an annuity? A vehicle? 4:48 – What does an annuity do? 10:23 – What happens inside the annuity? 13:00 – The investments inside most annuities. 17:27 – No upfront sales charge. 19:12 – The different types of annuities. 21:46 – Qualified annuities. 26:08 – The downside …