How To Steer Clear of the Wrong Insurance

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 24 June 2020

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When does buying insurance cross the line from being smart to throwing away your hard earned cash? There are the regular choices of course: car, home, life, medical, and dental insurance. But what about all the other types of coverage out there? Between rental insurance, phone, electronics, various types of worker's insurance, travel insurance (and more!), a person could easily break the budget by trying to keep 100% of their life covered. Today we'll make sure you know what type of insurance is available to you, which kinds you should buy... and of course, the types of coverage that you should probably run away from. Plus, we'll share a story of an investor who discovered a huge negative balance on his Robinhood account. We'll share the series of investing choices that lead to a tragic outcome, and the problems behind investing as sport by people who don't know many of the basics. Debt can be extremely stressful, but it is not worth your life. Help is available. You can speak with a counselor today at the National Suicide Prevention Lifeline - (1-800-273-8255) or find more help at SuicidePreventionLifeline.org. We'll also carve out some time in the middle of the show for Doug's family-themed trivia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey this is Lou Manjello from W.D.W. Radio and what I'm not at Walt Disney World or sharing my passion for Disney World or eating, I am stacking bedrooms. Live from Joe's Mom's neighbor Dug and today.
0:34.0	I'm Joe's Mom's neighbor dug and today we're your insurance answer station. What types of insurance should you have?
0:36.2	What's not needed?
0:37.6	How much do you need?
0:39.0	All of your questions answered.
0:40.9	So buckle up, it's to be an amazing ride.
0:44.0	Plus I'm sure you get all of your best advice from Tik-Tock right? I mean I know I do
0:49.6	but is there anything you need to be worried about?
0:52.9	During our headline segment, we talk about a recent video
0:56.1	that might have you dancing to a new song with your money.
0:59.9	And then, of course, there's always time
1:02.1	for my world-renowned trivia.
1:04.8	And now two guys who better take out some insurance on this beautiful voice of mine,
1:10.2	Joe and O, J gee gee.
1:18.0	Can you imagine Lloyds of London?
1:20.0	What would they price that at?
1:22.0	At least $11.
1:24.7	It's like Tom Brady's throwing shoulder.
1:27.0	Since he done going in there being like,
1:29.7	la la la la la la la la la la la la la la
1:32.6	and they're like, sir, that is a normal voice.
1:35.6	But it's the voice of the Stacking Benjamin show.
	...

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