"My Dad Didn't Have a Will— Here's Why It Was a Nightmare."
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 3 June 2024
⏱️ 33 minutes
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| 0:00.0 | When I'm not hosting this podcast, I am writing books, but it is really hard for me to write when I'm at home, |
| 0:05.3 | so I like to find remote cabins in the middle of nowhere to just hang out and write. |
| 0:10.0 | But I hate the idea of my house just sitting empty doing nothing but collecting dust and definitely not collecting checks. |
| 0:16.6 | And that's why I'm an Airbnb host. It's one of my all-time favorite side hustles. |
| 0:21.0 | Other popular side hustles are awesome too, don't get me wrong, but they often involve big startup costs. By hosting your space, you're monetizing what you already have access to. It doesn't get easier than that. And if you're new to the side hustle game and you're anxious about getting started, |
| 0:34.3 | don't worry because you're not in this alone. Airbnb makes it super easy to host. I mean if I could do it, you could do it. |
| 0:40.6 | And your home might be worth a lot more than you think. |
| 0:42.8 | Find out how much at Airbnb.com. |
| 0:44.8 | host. |
| 0:47.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. |
| 0:53.0 | It's time for some many rehab. |
| 0:55.0 | Yesterday's episode was all about how the Rockefeller's built wealth. I broke it down into three critical steps. |
| 1:06.7 | Set up an irrevocable trust, take out a life insurance policy within the trust and set the trust as the beneficiary. Today you're going to hear how you can do this successfully and what happens if you don't. |
| 1:19.0 | First you'll hear from my friend Eric Huberman who is a very successful entrepreneur and marketer, in the aftermath of losing |
| 1:25.6 | his father, piecing together the financial puzzle was not easy for Eric and his siblings. |
| 1:30.3 | And here's the craziest part. |
| 1:31.8 | His dad did a lot of things right. |
| 1:33.7 | In fact, you'll recognize that he did take a page from the Rockefeller Playbook. |
| 1:37.6 | But despite making some of the right money moves, |
| 1:40.4 | figuring out his estate after he passed was still super complicated. |
| 1:44.8 | As you'll hear from Eric, his dad was a successful businessman, so Eric and his siblings |
| 1:48.8 | did inherit quite a bit, and so the complications are a small price to pay for a privileged situation and Eric will be the first to tell you that. |
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