1067-Friday Q&A: Liability Insurance Amounts, Gifting Money, International Privacy, Pathways to Financial Advisor

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 8 November 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's Friday Q&A show we discuss:

1:01 How do I know how much liability insurance to buy?
8:26 Can my mom gift me money instead of paying me rent?
13:51 I'm interested in international privacy...what should I do first?
38:50 How do I decide my best pathway into becoming a financial advisor?

To join me next week, go here: https://patreon.com/RadicalPersonalFinance

Enjoy!

Joshua

Transcript

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0:00.0	It's Friday, and today, live Q&A.
0:18.8	Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insights, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less.
0:28.9	My name is Joshua Sheets. I'm your host. Today is Friday, November 8, 2004. And on this Friday, as we do on each and every Friday in which I can arrange to record a live show, we have live Friday Q&A.
0:41.1	You call in, talk about anything you want.
0:51.2	If you are new to a Friday Q&A show, welcome, I'm glad you are here.
0:54.8	It's an open mic on Friday. You can call in, ask any question, bring up any topic of conversation, raise any
0:59.6	argument. The mic is yours. You get to drive the show. If you'd like to join me for one of these
1:03.8	Friday Q&A shows, you can do that by going to patreon.com slash radical personal finance.
1:09.6	Patreon.com slash radical personal finance. Patreon.com slash radical personal finance.
1:11.6	Sign up to support the show on Patreon.
1:14.5	And that will gain access for you to one of these Friday Q&A shows.
1:18.5	We begin today with Peter in Massachusetts.
1:21.0	Peter, welcome to the show.
1:21.6	How can I serve you today?
1:23.3	Hi, Joshua.
1:24.3	I am trying to figure out how to figure out how much umbrella insurance I need.
1:31.5	Okay. What are the options? What is the insurance agent giving you? Well, so the deal is we actually
1:37.3	used to get this as a benefit through my job. And I would get sort of three to five million. It was very
1:43.9	cheap because it was actually a group umbrella policy.
1:46.9	And I had an additional million.
1:48.9	I got through my auto insurer.
1:51.2	So I probably had around five million of total coverage.
	...

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