Where should your money go? First you need to understand the three worlds of money: banking, insurance, and Wall Street (or stock investing). On today’s episode of the podcast, Phil shares more about each world and striking the right balance of them in your financial plan.
Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-89-the-three-worlds-of-money/
Watch the video podcast: https://youtu.be/JpnFWdPuxzk
What we discuss on this episode:
0:27 - It’s getting hotter out here!
0:49 - What are the three worlds of money?
1:32 - What are the pros and cons of the banking world?
5:14 - What do you get with the insurance world?
11:16 - We have to understand how all three worlds fit.
13:40 - Do you have the right tool for what you need?
16:46 - What’s the proper mix?
18:14 - Mailbag: How can I save and plan for a wedding?