Money Guy Show "Is Life Insurance A Pyramid Scheme?"
Aug 23, 2023
The hosts discuss different types of life insurance and the importance of knowing one's financial situation. They also explore the conflicts of interest with selling expensive insurance products and the limitations of equity index annuities. Additionally, they discuss the best strategy for saving for a house and whether to prioritize paying off credit card debt or following the financial order of operations.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 5min
Exploring Index Life Insurance and MLMs
04:32 • 3min
The Limitations of Equity Index Annuities and Cautionary Advice on Selling to Friends and Family
07:26 • 4min
Saving for a House: High Yield Savings or Market?
11:51 • 4min
Prioritizing Credit Card Debt in the Financial Order of Operations
16:14 • 7min