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Friday Flight - Unethical Costco Customers, Payday Lending on Steroids, & Are You Rich? #786
Feb 9, 2024
Topics discussed in this episode include personalized retirement plans, armchair stock picking, Disney/Hulu/ESPN+ password sharing crackdown, money stress, payday lending on steroids, unethical Costco customers, uninsured motorist coverage, and reward redemption restraints.
34:42
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Quick takeaways
- Having sufficient coverage and uninsured motorist protection is crucial due to the rising number of drivers without insurance.
- It's advisable to use travel rewards points instead of letting them accumulate, as they can be devalued over time and credit card portals often have higher prices compared to booking directly with airlines or hotels.
Deep dives
Insurance rates increase, leading to more uninsured drivers
Auto insurance rates have been rising, causing more drivers to opt forgoing coverage altogether. Roughly 6% of drivers on the road are now driving without insurance, which is the national average. With rates increasing, it's important to have sufficient coverage and uninsured motorist protection to protect against uninsured drivers.
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