4min chapter

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Money, after you die

Capitalmind Podcast

CHAPTER

How Much Insurance Do I Need?

When a person is died and you don't know what to do with it, put the first ten months of expenses into some kind of a fixed deposit. Anything that's more than three years in nature, you gong to go to at 20 % equity and 80% debt. Do not give loans from this money - inheritance is supposed to take care of you for forty or 50 years. If you loan it away right now, you are going to suffer at the time when you need it the most. Don't listen to people who have sold you the wrong kind of stuff. One thing is, don't listen to bankers,. I come from a era of bankers, and, you know,

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