Case Study - Part 2: Couple Earning $45k Each a Year - Episode 167

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:

Get the free ebook and audiobook - Financial Planning has FAILED

Submit your questions hello@partners4prosperity.com

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