426-Friday Q&A: Should I Get Rid of my 3rd Car, What is a Modified Endowment Contract and How Does it Work, What Should We Do With All This Extra Money our Church Just Received
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 10 February 2017
⏱️ 41 minutes
🧾️ Download transcript
Summary
It's Friday! That means a live Q&A show. Today we tackle:
- Should I Get Rid of my 3rd Car?
- What is a Modified Endowment Contract and How Does it Work?
- What Should We Do With All This Extra Money our Church Just Received?
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Joshua
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Transcript
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| 0:00.0 | It's Friday here at Radical Personal Finance. |
| 0:03.4 | On Fridays we do Q&A. |
| 0:06.0 | Let's get started. Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge, |
| 0:26.7 | skills, insight and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less. |
| 0:35.0 | My name is Joshua Sheets and I'm your host. |
| 0:37.0 | Today it's Friday so we do live Friday Q&A, |
| 0:40.0 | although this promises to be interesting, doing some things I've never getting the results back from your |
| 0:59.6 | surveys and one of the some of the results to me were pretty astonishing but a couple of |
| 1:06.2 | the things were very nice and very gratifying and I learned a lot about who you are as |
| 1:10.0 | a listening audience I learned some of the demographics which have been super |
| 1:13.8 | super helpful but and some of it has been a little bit surprising now a couple of |
| 1:18.6 | things that I learned that I don't know if it was surprising or not but one of the |
| 1:22.3 | things that I learned was just simply that the majority of you who are listening are right in that 25 |
| 1:29.0 | to 54 age bracket. |
| 1:31.0 | Most of you make a lot of money and most of you have college |
| 1:33.0 | educations and the challenge of that scenario of you all making a lot of money |
| 1:37.6 | and having college education means that I'm not achieving one of the goals that I have set for myself, which is I've been trying to reach people who are just getting started. |
| 1:46.6 | I'm trying to reach people who are, you know, who are younger, who are poor, etc. |
| 1:52.1 | Now I know I'm not going to talk along long about that but as I've |
| 1:55.9 | been considering that I realize well I don't know that younger people are listening to |
| 1:59.9 | long format podcast but they are watching video so I'm going to determine to use |
| 2:03.5 | learn how to do video I've put it off for a long time just simply choosing to |
... |
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