Why Whole Life Insurance Plans Are Trash

Ramsey Everyday Millionaires

Ramsey Network

Investing, Business, Careers

4.6 • 3.6K Ratings

🗓️ 13 September 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by Smart Vestor.
0:07.2	Connect with an investing pro for free at RamseySolutions.com slash invest.
0:15.2	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:23.0	Angela is in middle of in Texas.
0:25.0	Hi Angela, welcome to the Ramsey show.
0:27.2	Hi, how are you?
0:28.5	Better than I deserve.
0:29.5	How can we help?
0:30.5	My husband and I are new to Baby Step 7, and we'd call these our financial advisor to
0:36.8	see what the extra money.
0:38.5	And he suggested a life insurance retirement plan and it kind of raised a red flag because
0:43.6	it has life insurance in it.
0:45.6	It would raise a red flag.
0:46.8	It would shoot off fireworks.
0:50.4	Fireworks that would cause me to change financial planners.
0:52.2	I don't think you get a financial planner that give an insurance agent.
0:55.0	And that's what I thought.
0:57.0	Yeah.
0:58.0	No.
0:59.0	I mean, who, this guy have a company that he works for?
1:05.0	Yes, it's one of the national places.
	...

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