16. BTID- Buy Term Insurance and Invest the Difference
Description
Welcome to episode 16! Today I will be talking about a popular investing method, the Buy Term Insurance and Invest the Difference or simply called BTID. I will also be diving further as to why getting a Term Insurance is best for beginner investors with family dependents especially on the topic of the time value and opportunity cost of your money in getting an insurance.
Timestamps:
A brief juncture on insurance [01:43 ]
What is a term insurance and why its the best and lowest cost insurance product out there. [03:10 ]
Why the BTID method is powerful and why all investors should use it. [05:48 ]
Opportunity cost in getting an insurance. [09:30 ]
Why getting a life insurance as early as possible is crap especially if you don't have any dependents yet. [11:24 ]
Time value of money when getting an insurance. Spoiler: Inflation sucks. [12:46 ]
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and thru my email - seoshininvestor@gmail.com
United States
