Insurance 101 - E51

Insurance 101 - E51

Author: Jesse Cramer March 29, 2023 Duration: 32:14

If a guy from Facebook messages you about whole life insurance more than your mom texts you, it's time to be suspicious. He may have more interest in your wallet than your well-being.

 

But not all insurance is bad. Insurance is meant to protect wealth, not create it, and anyone who's crashed their car or broken their clavicle knows this to be true. 

 

So, what insurance is right for you? Jesse breaks down the types of personal insurance that can help protect your assets, your health and your loved ones. Oh, and he also throws shade at that guy from Facebook trying to sell you on whole life insurance. Spoiler alert: more often than not, whole life insurance isn't optimal for you.

 

But Jesse's no expert on insurance, so he brings in Broc Buckles, owner of BC Brokerage, a fee-only insurance brokerage focused on making insurance simple. Broc walks us through what kind of insurance a 25-45 year old might benefit from, what insurance is overkill, and the difference between whole life vs term life insurance. 

 

Follow Brock:

Website: https://www.bc-brokerage.com/

Email: Broc@bc-brokerage.com

 

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at jesse@bestinterest.blog

 

The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.


Navigating the world of money can feel overwhelming, with a constant stream of conflicting tips and trendy, quick-fix schemes. Personal Finance for Long-Term Investors-The Best Interest cuts through that noise. Host Jesse Cramer brings a unique perspective to the conversation, transitioning from his background as an aerospace engineer to his work as a fiduciary financial advisor. This podcast is built on the principle that genuine wealth isn't built overnight through speculation, but through consistent, well-reasoned decisions made over decades. Each episode delves into the mechanics and mindset required for that journey, exploring topics like retirement planning, intelligent investing, and the behavioral aspects of managing money. You'll find discussions that go beyond surface-level advice, examining the "why" behind proven strategies and how to apply them to your own life. The tone is conversational and grounded, avoiding financial jargon in favor of clear explanations. It’s a resource for anyone tired of the hype and seeking a sustainable path forward. By focusing on evidence-based ideas and patient execution, this podcast aims to provide listeners with the tools and confidence to build a secure financial future on their own terms. Tune in for a thoughtful, long-term approach to personal finance that prioritizes your best interest.
Author: Language: English Episodes: 100

Personal Finance for Long-Term Investors
Podcast Episodes
Which of Your "Money Scripts" Are Helpful vs. Hurtful? (E116) [not-audio_url] [/not-audio_url]

Duration: 1:08:31
Today, Jesse is joined by Hanna Horvath—Certified Financial Planner, managing editor at Bankrate, and author of the Your Brain on Money newsletter—for a deep dive into the psychology behind our financial decisions and wh…
The Risks of Quitting Your Career (E114) [not-audio_url] [/not-audio_url]

Duration: 1:03:56
Today, Jesse is joined by Kelan Kline, co-founder of The Savvy Couple, who shares his entrepreneurial journey from working as a jail deputy to building a successful online personal finance brand, emphasizing the importan…
"How Will Taxes Affect My Inheritance Planning?" (AMA, E113) [not-audio_url] [/not-audio_url]

Duration: 1:20:45
Jesse tackles six thoughtful listener questions spanning a range of personal finance topics. He begins with a question about using Social Security and pension payments as a means to replace bonds in a retirement portfoli…
Reset Your Portfolio Expectations, Before It's Too Late (E112) [not-audio_url] [/not-audio_url]

Duration: 54:45
Jesse welcomes back Peter Lazaroff to discuss the psychology and strategy of investing during uncertain times. They explore how media narratives and recession fears can distort investor behavior, emphasizing the importan…
The Risks of *Over*-Optimizing Your Retirement (E111) [not-audio_url] [/not-audio_url]

Duration: 1:00:06
Today's episode is a special bonus episode, a companion to Jesse's discussion on episode 555 of ChooseFI! Jesse examines the risks of over-optimization in personal finance, concentrating on tax-loss harvesting, asset all…
8 Examples of Warren Buffett's Timeless Wisdom (E110) [not-audio_url] [/not-audio_url]

Duration: 44:09
Jesse explores the timeless wisdom of Warren Buffett, highlighting both his disciplined investment philosophy and his unwavering emphasis on trust and character. Jesse breaks down Buffett's approach to buying great busin…
6 Experts Share Their "Worst" Spending Stories (E109) [not-audio_url] [/not-audio_url]

Duration: 50:04
Jesse explores the value of financial priorities and the balance between spending and saving with guests Diania Merriam, Justin Peters, Bill Yount, Jeremy Schneider, Doc G, and Joe Saul-Sehy. Diania highlights the "icebe…
Go Roth Now Before It's Too Late? (AMA, E108) [not-audio_url] [/not-audio_url]

Duration: 1:22:17
Jesse answers a range of listener questions on topics including estate planning, life insurance, financial benefits of marriage, tax strategies for high earners, healthcare in retirement, and investing during economic un…