Do Wealthy People Have Life Insurance? - Robert Gould (Social Proof Rerun)

Social Proof Podcast

Social Proof Network

Entrepreneurship, Business

5 • 2K Ratings

🗓️ 23 May 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is a clip from Social Proof Podcast Episode #65 with Robert Gould.

Back for a second time! Robert Gould is the GOAT when it comes to establishing, building, or even re-building personal credit and financial stability. This episode is full of GEMS!

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Transcript

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0:00.0	previously on the social proof podcast.
0:02.8	You can't buy enough life insurance to cut you.
0:06.6	Why? Because you work millions.
0:09.6	And see, my ultimate goal is,
0:12.6	I'm going to be worth 500 million dollars soon.
0:15.8	A life.
0:17.0	I know, but I'm going to be asking that.
0:18.6	That's a good question.
0:19.6	Do like super,
0:21.4	do super wealthy people have life insurance?
0:24.4	A lot of them don't.
0:25.4	Because they're uninsured.
0:26.6	So here's why.
0:27.8	Worthy people believe in assets, not liabilities.
0:33.3	See, any, I don't care how you do it.
0:36.2	If you, if you taking money out of your pocket,
0:39.0	that's called liability.
0:41.2	When money coming to your pocket is an asset.
0:43.9	So you go to a, a wealthy person say,
0:46.7	would you rather have a hundred million dollar life insurance
0:49.1	or a hundred million dollar business?
0:51.1	Because remember, you can take that and make more money with it
	...

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