E110: The Uncensored Truth and Consequences of Self Insurance
Dollars and Nonsense · Living Wealth
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Show Notes
We discuss the concept of self-insurance often peddled by many self-proclaimed financial gurus. We'll also share how the economic value of certainty can improve the quality of your life.
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Topics Discussed:
- Dave Ramsey, Susie Orman, and others peddling self-insurance
- Concept overview
- Problem one with the concept: You wouldn't do this under comparable conditions
- Problem two with the concept: Opportunity loss
- When business owners lose out
- Thinking long-term by thinking generational wealth
Episode Resources:
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* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/