4.8 • 1.6K Ratings
🗓️ 21 June 2023
⏱️ 47 minutes
🧾️ Download transcript
Today, we continue to work our way through the UK Personal Finance Flowchart, using that as a guide to create our Finance Operating System. And specifically today we’re going to be talking about completing our wealth foundation with insurance. This is such an important subject because there is simply no point building for the future without putting measures in place to make sure that our financial plans are not completely derailed if the future doesn’t wind up like we expect.
Show Notes: https://meaningfulmoney.tv/OS6
UKFP Flowchart: https://ukpersonal.finance/flowchart/
Click on a timestamp to play from that location
0:00.0 | Hi folks and welcome back to the Meaningful Money Podcast. This is season 25, episode 6. |
0:13.1 | Yes indeed, welcome back once again to Meaningful Money, welcome back to you, my clariners, |
0:16.9 | assistant, Mr Roger Weeks. If only people could see how glamorous I'm looking tonight. |
0:21.1 | And we're a bit knocked, aren't we, Rod? Should just a smidge. We're a bit knocked because we just |
0:26.5 | recorded this episode, or 57 minutes of the version one, to realise that the recorder had |
0:33.5 | completely failed. It managed to correctly record eight seconds. Eight seconds. So I wonder if |
0:39.6 | this one will be so long. It will probably trim it down a bit, but anyway. I'm sure I've said that |
0:45.9 | before. What are we talking about today? Right today, we'll continue again to work our way through |
0:52.3 | the UK personal finance flow chart using that as a guide to create our financial operating system |
0:57.6 | or finance operating system. And specifically today, we're going to be talking about completing |
1:01.8 | our wealth foundation with insurance. We are. This is such an important subject because there's |
1:06.3 | just no point building for the future without putting measures in place to make sure that our |
1:10.6 | financial plans are not completely derailed. If the future doesn't wind up like we expect, |
1:16.4 | I think if there's any weakness in the UKPF flow chart that we're working through, it's in this |
1:21.2 | area. There's other resources though that they have available. The Wiki covers insurance and |
1:25.6 | there's some great links on there. And of course, there's the subreddit, which is more than a million |
1:30.2 | people in the community talking about finance. So the flow chart itself, I think, is a little bit |
1:34.9 | light in this area. And I want to talk about insurance today. Yeah, that's right. Our future is |
1:39.7 | based on all kinds of assumptions, including staying alive and being able to earn an income. |
1:44.4 | Yeah, we need to look at what might happen if those things turn out completely differently. |
1:49.0 | So that's what we're about today. And as usual, after the main body of the show, we'll read a |
1:52.4 | review that's been left by a listener and answer one of your questions. We will. Quick shout out |
... |
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