People should begin with a fairly large amount of insurance. They should then deplete the insurance as they increase assets and have a plan that involves other avenues of paying for things. And when you are ober wealthy and you realize that the cost of the insurance is less than the pit in your stomach that you've left so many things unattended, you realize that the insurance is a small price to pay for the for the value that you get.
#356: How do you find balance between smart money management vs. missing out on opportunities?
Should you pile money into investments or take that dream trip to Tanzania?
What should you do when your heart leads you to a decision that doesn't make sense on paper?
In today's episode, former financial planner Joe Saul-Sehy and I discuss the purpose and practice of mindful money.
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