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Radical Personal Finance

655-Friday Q&A: Protecting a Non-Working Spouse, Cash Savings, Wealth Accumulation vs. Living, etc.

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 20 July 2019

⏱️ 68 minutes

🧾️ Download transcript

Summary

It's Friday! That means live Q&A.

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Today in Radical Personal Financeances Show dedicated to providing you with the knowledge, skills, insight, and encouragement

0:23.9

you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or

0:29.2

less. My name is Joshua, I am your host and today it's Friday and on Fridays I do a live

0:34.4

call-in show whenever I can arrange the appropriate technology I do a live call-in show.

0:38.8

My favorite shows of the week I hope they're yours too I hope you at least enjoy

0:42.0

them because we never know what the phone lines hold.

0:45.0

Friday shows are where I open up a live phone line to the listeners and I go to the phone

0:55.7

and then whatever is waiting there that's what we deal with. So I hope that you enjoy these

0:59.5

shows now my life is getting a little bit more stable my household is getting a little bit more stable, my household is getting a little bit more quiet,

1:03.5

so that means that my production schedule will be a little bit more consistent with these shows.

1:08.1

We begin today, however, with Andy in Indiana.

1:11.5

Andy, welcome to the show.

1:12.5

How can I serve you today, sir?

1:13.8

I can call.

1:14.8

Just had a, I guess, a quick question about,

1:22.0

we kind of financial protection for

1:27.0

that's financially active spouse.

1:30.0

So my wife doesn't work outside the home, doesn't earn an income, and is not super interested in finances.

1:37.0

So I've seen a tendency in our lives and our relationship that I end up with more things titled in my name and more things

1:47.8

building my credit and stuff because I'm the one doing it.

1:51.6

And I guess I'm curious if you thought there was any reason to be concerned about that or specific steps to take to make sure you know if I were to pass away or something putting her out on her own, you know, not like candycapping her in the future,

2:06.0

if that makes sense.

...

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