4.8 • 1.6K Ratings
🗓️ 8 March 2023
⏱️ 37 minutes
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Insurance is part of the the foundation on which all wealth is built, so it’s important not only that we have the right insurance, but that have it set up as simply as possible.
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0:00.0 | Hi folks and welcome to the Meaningful Money Podcast. This is season 24, episode 7. |
0:13.1 | Yes, hello and welcome back to your very favourite personal finance podcast with me, Pete Matthew |
0:18.4 | and my good buddy Roger Wheats. How's it going mate? Yeah, really good. Yeah, we're |
0:22.0 | again, 20 minutes after we finished the last one. But the evenings are pulling out so the |
0:26.7 | days are getting a little bit longer now. Yes, exactly. Yes, spring is a coming, as they say. |
0:34.0 | But today, I'm sorry, you're going to have to go off and talk about the ordinary things now. |
0:37.7 | Yep. So we're going to be talking about simplifying our insurances. |
0:41.7 | Yeah, this is exciting. The insurances part of the foundation of which wealth is built really, |
0:45.9 | so it's important not only that we have the right insurance, do you have it set up as |
0:50.8 | as simple as possible and correctly? Yep, absolutely right. It can't forbid that it's ever needed. |
0:56.0 | But if it is, those left behind, they obviously need to be able to get the right info quickly, |
1:00.0 | get claims up and running. And we're getting to all that in just a second, but as usual, |
1:03.5 | after the main body of the show, we'll read a review that's been left, answer a listener question, |
1:07.7 | which this week is very pertinent to the subject of this episode. It's nice when that happens. |
1:11.8 | And remember the notes and links from today's show or the show notes. The only link you'll |
1:16.0 | need to remember, meaningful money.tv slash SE7. So let's look at everything you need to know first. |
1:23.4 | Let's indeed, we ought not to minimize the seriousness of this really. Very insurance. |
1:29.2 | Talk about insurance. It doesn't fill you with sort of gripped wonder, does it? |
1:34.0 | I think partly because people don't understand it and they don't know what's available. So we |
1:39.3 | often get people walking through the door with, I want to invest some money or what I do this |
1:43.4 | and they don't realize what's in the background. So we advise them of the other things, |
1:46.8 | part of which is insurance. So it's like, oh, I don't want to pay for that. Why would I |
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