If you understand the three worlds of money, you will have a better understanding of how financial planning works. So today, we’ll remove the financial terms and extra jargon in order to focus on the three worlds of money: banking, insurance, and Wall Street. They serve significantly different purposes, and it’s important to understand how each fit into your financial world.
Read more and get additional financial resources here: https://coveryourassetskc.com/episode-127-the-3-worlds-of-money/
What we discuss in this episode:
0:32 - Happy June!
1:59 - What are the three worlds of money?
4:14 - What are the pros and cons of the banking world?
8:28 - Can mistakes really be made in the banking world?
9:45 - What should you know about the insurance world?
14:53 - What’s in the Wall Street world?
20:05 - Do David’s clients tend to be in one world too much?
