Phil’s Tax Hacks

Ep 89: The Three Worlds of Money

June 10, 2021

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.


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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?