Business | Why You Need to Buy Life Insurance
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 9 May 2023
⏱️ 9 minutes
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| 0:00.0 | Welcome back to the Thrive Time video show. A place where the business world finds all |
| 0:08.2 | of their business coaching and marketing solutions for less than 8.25 per hour. Learn more at |
| 0:13.3 | ThriveTimeShow.com. To learn more about whether the earth is flat or not, ask professional |
| 0:18.6 | athletes. All right, Thrive Nation. Welcome back to the conversation. We're not talking about whether |
| 0:30.2 | the earth is flat or not. But if you do want to know that question, you could probably tune |
| 0:35.0 | into a YouTube video presented by a Kyrie Irving. And I'm sure that he would be happy to talk to |
| 0:40.4 | you about it. But we're talking about today on the Thrive Time Show is the importance of buying |
| 0:44.6 | life insurance. And I'm going to tee this up for you. It's going to start off as kind of a harsh |
| 0:50.2 | sounding show. Then we'll get into the details. But I want to make sure you get this. Most people |
| 0:55.0 | that I have surveyed have yet to select the ideal date for their death. Most people. I mean, I guess |
| 1:02.6 | I haven't I don't want to say all because I haven't met. There's maybe somebody I'll meet in the |
| 1:06.9 | future that could say they've got it figured out well on Tuesday. I'm 87. I want to whack myself. |
| 1:13.0 | So people don't like to buy life insurance. People don't buy life insurance because |
| 1:19.1 | they typically think, you know, I'm, you know, I'm good. I'm not dead. I'm not dead. So far, |
| 1:25.8 | I haven't died. But here's the problem. Chip, if you're a dad, yeah, I am. You are the source of |
| 1:31.0 | income for the family. It's true. As well as the father figure. So you're providing emotional |
| 1:36.1 | needs as well as financial needs. Very much true. And if you are to pass, I want to give you |
| 1:41.0 | the equation. I want to put this on the show notes there, Chip. And I want to get West Carter's |
| 1:43.8 | take them this legally. You want to take the income that you make right now. All right, the income |
| 1:50.3 | you make right now. And take the age of your youngest child. So the age of your youngest child |
| 1:55.9 | is three. Take your current income times the number of years. It will take them to finish high |
| 2:02.1 | school. So let's just say for a make it easy, you made a hundred thousand a year combined |
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