The Growth Guide: Self-Improvement | Greatness | Impact | Creators | FI |  cover image

Getting All You Can from Your Money and Your Life with Bill Perkins

The Growth Guide: Self-Improvement | Greatness | Impact | Creators | FI |

CHAPTER

How to Overcome Fear of Losing Your Net Worth

A lot of people basically are trying to act as their own insurance agent by wasting their lives accumulating capital and being like, okay, I'm insuring against ex bad things and running out of money. What I try and do is mitigate that fears in the most efficient way. So for every risk that's out there, generally there's an insurance product, right? There's long term care insurance people like, what if I, you know, could need help or whatever? And they're making 6% or 5%. It's nothing compared to you who are not an actuarial,. don't have the large numbers, don't have a whole bunch of customers"

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