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How to Money

Listener Question: Life Insurance #032

How to Money

iHeartPodcasts

Education, Investing, Business

4.63.2K Ratings

🗓️ 15 August 2018

⏱️ 44 minutes

🧾️ Download transcript

Summary

Nobody ever talks about life insurance, so naturally, we’re doing an episode on it! While likely the least sexy aspect of personal finance, it’s incredibly important- especially if you have loved ones who are dependent on you, and the income you earn. This week we’re answering a listener’s question as he specifically asks if he has enough life insurance in place, as well as how important is his age when it comes to his annual premiums. These are some awesome questions (thanks Josh) so listen to the entire episode to hear our thoughts on life insurance!

And at the beginning of this episode we each enjoyed an Intergalactic Juice Hunter which you can find and learn all about on Untappd. A huge thanks to listener Carl for doing a beer trade with us! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out!

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See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to How To Money.

0:01.6

I'm Joel, and I'm Matt, and today we're answering a listeners question about life insurance.

0:06.8

Alright Joel, so you're going to share the big news?

0:27.0

You've finally actually closed on new property, right?

0:31.5

Yeah, so I just bought my first multi-family property.

0:35.0

So it's a duplex, and if you are a member of the Facebook group, you probably saw me post

0:40.6

recently a picture of a nerdy board game and some beers, and so that's how my wife and

0:45.3

I celebrated this new purchase.

0:47.2

The finer things in life, right?

0:48.2

Nerdy board games and good beer.

0:50.2

But yes, so we bought a duplex, and we're really excited about it.

0:52.8

It's my first foray into multi-family investing.

0:55.7

You know, I have three single-family homes, and now this.

0:58.5

And man, you know, you and I, we've talked about it multiple times on the podcast already,

1:03.0

and not to bore the heck out of people that don't care about real estate investing.

1:07.5

But I'm super pumped about this, and you know, the numbers work out really good.

1:11.4

I've got solid tenants in there.

1:12.5

It's a solid house.

1:13.7

So the great thing too, I think a lot of people think, and the biggest excuse I hear from

1:18.1

people who don't want to start investing in real estate, and by the way, if you don't want

1:21.8

to, you don't have to.

1:22.8

But the biggest excuse is, oh man, it's going to be so much work.

...

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