1263: Ask Farnoosh: OK to Cash Out My Life Insurance Policy? What to Do with a $50K Windfall?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 8 October 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week’s Ask Farnoosh offers advice to a listener post-divorce on ways to think about re-establishing her financial life, as well as whether it’s OK to cash out a life insurance policy to use towards buying a home. How to establish boundaries with a parent that’s financially dependent on you? And what to do with a $50,000 inheritance? (Replay from Sept 17, 2021) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank account?
0:03.3	Heather from the Accountant's Growth Club was?
0:05.3	Knowing what cash I have is really important.
0:08.0	And Monzo Business makes it easy.
0:09.8	It automatically puts 20% of my income into a tax pot.
0:14.0	When it's time to pay your VAT, I always know the money's there.
0:16.8	If you're ready for a Monzo Business account, apply today.
0:19.9	Just search Monzo Business.
0:21.5	Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Prove for £5 a month.
0:28.1	He's in C's apply.
0:30.1	Sometimes running a business can feel like cycling uphill.
0:34.1	With square wheels.
0:40.1	But zero online accounting software can help predict the future cash flow of your business.
0:45.1	So you can stay one step ahead.
0:47.1	Soon it'll feel more like free-wheeling downhill.
0:51.1	On a tandem.
0:52.1	What, mate?
0:53.1	With a Messer on the back.
0:55.1	Oh, that's nice.
0:56.1	Search zero with an ex.
0:58.1	Because healthy business is beautiful business.
	...

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