I Had to Cash Out My Life Insurance to Survive in 2020

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[patricksanden]

For me, if I was a 23 year old, I would talk to my mom about this, telling her I’d rather her worry about her and not leaving me something. He has 40 years to build wealth, he’ll be fine.

[samtavoosian]

65 years old driving uber...
Such heart breaking

[XTOR]

My mom bought life insurance. Was diagnosed with lung cancer a few years after. Left us a good chunk of money. She was smart and a great mom. Miss her

[SicksThirteen]

The damage done to everyone’s financial state in 2020 sucks a lot. I hope everyone recovers well this year!

[jin]

thankfully i didn’t stop working in 2020 and was able to maintain my $15k. it’s not a lot but its a start. i was so worried i was going to get laid off and have to start picking at it. wishing a better year for everyone.

[.Koreans.American]

I got laid off in 2020 and it’s been tough. Let’s make our 2021 better together

[jeffmorse]

no reason to have insurance with grown children. you don't owe anyone an inheritance.

[gerardopliego-financevideo]

2020 was a tough year for everyone, hopefully this year goes better

[djcstb_]

I get her concern. Im only 30 and I worry everyday about leaving my 13 year old something solid and I think I would feel the same way if he was 25 or even 30. But yeah at 23 he should be doing everything he can to help himself and hopefully they have conversations on how to help each other.

[AntwanAhmed]

Yeah her son has to kick it into gear! I’m also 23 and I can’t imagine having my mom feel the way she does😕😕

[CalvinJamesJr]

Money is hard to make but easy to spend!

When it’s coming in! Double down.

Make as much as humanly possible.

Because things will pop up!

That’s why I help people focus on making more than they think is needed at the moment!

[smartinvestor]

Life insurance is not a good investment just makes insurance companies richer

[mind.health]

Interesting that people buy life insurance as inheritance.

[neofthem]

Parents should always open up and contribute to a custodial brokerage account if they want to leave their kids something. Whole life insurance is a waste.

[Je.rone_]

Dave can be a very understanding purpose☺️😊

[DavidGeorgiaPersonalFinance]

This call is why I encourage clients and prospects to save money now. invest now. sacrifice now....or you will be sacrificed on the altar of life later.

[cocuktv]

Why do an analysis if there is FBC14 algorithm? They offer passive income from BTC’s

[i_Gotcha_]

Some people survived and there were some people that thrived in 2020. Just know your time is coming stay disciplined and eyes on the prize! 🙏🏻

[fwebster]

I haven’t had life insurance for most of my life and it is not something I would purchase. I prefer to self-insure and not pay the fees.

[benwhitnell]

You guys... STOP BUYING LIFE INSURANCE FOR AN INHERITANCE! THE MATH DOESN’T WORK!