Summary:
Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a case study of a 51 year old female who owns real estate, has some cash on hand and is making decisions on what to do with her money for the remainder or her life.
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 welcome@ProsperityThinkers.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 welcome@ProsperityThinkers.com
Show Notes:
00:00 Introduction
00:29 Today’s topic is the Great American case study
01:42 Case Study of 51 year old female
03:15 To get a clear picture you need to determine your longevity and health
04:33 Determine your risk tolerance to get an idea of your rate of return
05:53 The #1 rule is we must protect principle
06:03 The #2 rule is we must grow investments higher than inflation
06:54 Tips so you don’t erode principle
07:52 Specific recommendations for this American case study
09:09 Setting aside an emergency and opportunity fund
11:05 Taking $5,000 per year of the $50k fund and put it into a whole life policy
12:26 What to expect with the death benefits
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.