Case Study - Part 2: Couple Earning $45k Each a Year - Episode 167
Episode description
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through Part 2 of a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
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Truth Concepts Calculators - http://truthconcepts.com
Show Notes:
00:00 Introduction
00:28 Today's’ topic: Case Study - Part 2: Couple Earning $45k Each a Year with a Life Insurance Policy
01:34 Talking about the borrowing strategies calculator and how it affects growth
02:40 Borrowing against the cash value life insurance
03:51 The maximum potential calculator
05:50 Buying term insurance
09:19 Getting a liability umbrella
11:32 Strategy for savings
13:10 Instead of Maxing out your 401k you should Match it out