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Heated Debate Between Whole Life Agent and Dave Ramsey bsocially 4 Views • 4 years ago

Don’t waste money on whole life insurance. Get a term life policy today: https://goo.gl/LFpCEj

SUMMARY

In this video, Dave takes a call from Russ, an insurance broker from Salem, MA. Russ calls in to get some clarity on Dave’s principles and specifically discuss some of the life insurance advice that he found on DaveRamsey.com that he doesn’t agree with.

HEATED DEBATE WITH WHOLE LIFE AGENT

Russ’s first point: Insurance brokers do not recommend life insurance as a whole. No two personal situations are the same, with variables changing in everyone’s different lives, so life insurance policies should not be a static entity.

Dave refutes by explaining that it’s not true that no two financial instances are the same because the basic principles of mathematics and personal finance are always consistent. A good example is the use of a credit card—there is no time that using a credit card is a reasonable, responsible choice. The same logic applies to whole life insurance.

Russ’s second point: The cash value of a life insurance policy is not a bad investment. The rate of return gets better as the policy ages, and the premium payments stay the same. Whole life insurance is considered to be a product that’s priced indefinitely.

Twenty-year level term insurance is about 5% of the cost of the same amount of whole life insurance. You don’t need life insurance for your whole life—you should not pay 95% more per month for 60 years! With term life insurance, when you die, your beneficiary gets paid. If you die with whole life insurance, your beneficiary gets paid only the face value even though you’ve paid 20 times that for years!

RESOURCES

Learn the real truth about life insurance here: https://www.daveramsey.com/blo....g/the-truth-about-li

Learn more about whole life vs. term life insurance: https://www.daveramsey.com/blo....g/term-life-vs-whole

Life insurance is NOT an investment. Watch Dave explain: https://www.youtube.com/watch?v=fEXookeA2Ok

THE DAVE RAMSEY SHOW

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channe....l/UC7eBNeDW1GQf2NJQ6

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!

Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: https://www.youtube.com/c/TheR....amseyShowEpisodes?su

Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!

Ramsey Network (Subscribe Now!)

• The Ramsey Show (Highlights):
https://www.youtube.com/c/TheR....amseyShow?sub_confir
• The Ramsey Show (Full Episodes): https://www.youtube.com/c/TheR....amseyShowEpisodes?su
• The Dr. John Delony Show: https://www.youtube.com/c/John....Delony?sub_confirmat

• The Rachel Cruze Show: https://www.youtube.com/user/R....achelCruze?sub_confi
• Anthony ONeal: https://www.youtube.com/user/a....onealministries?sub_
• The Ken Coleman Show: https://www.youtube.com/c/TheK....enColemanShow?sub_co
• The Christy Wright Show: https://www.youtube.com/c/Chri....styWright?sub_confir
• EntreLeadership: https://www.youtube.com/c/entr....eleadership?sub_conf - bsocially

Start Thinking Like Rich People - Dave Ramsey Rant bsocially 6 Views • 4 years ago

See if you have the coverage you need to protect your family when disaster hits. Take the 5 Minute Coverage Checkup and get your personalized to-do list! https://www.daveramsey.com/coverage-checkup

SUMMARY

In this video, Dave rants about changing your mindset to start thinking ahead and making decisions like rich people.

Proverbs 10 states, “A slack hand causes poverty, but the hand of the diligent makes rich.” This is simple: laziness causes you to be poor, but diligently working makes you rich. Dave explains that diligence here is just continued excellence over time.

In a study of 10,000 millionaires, our team found that people who have built wealth have a long-term planning window. Before they make decisions, they ask, “How will this affect me in 5, 10, or 50 years?” They set goals and then work diligently to reach them.

And guess what? If you think and act like rich people, you get to become rich people.

Our team has created a tool to help you start thinking ahead. The 5 Minute Coverage Checkup shows you ten ways you need to be covered long-term – having the right insurance, checking your credit report, getting a will, and more. Take the 5 minute quiz and get a personalized to-do list to make sure you’re covered. Taking care of this stuff now sets you up to build wealth in the future!

Protecting yourself and your family is diligence! Start thinking like rich people today. Take the 5 Minute Coverage Checkup: https://www.daveramsey.com/coverage-checkup

RESOURCES

Learn more about the importance of getting a will: https://www.daveramsey.com/blo....g/the-importance-of-

Find out what other types of protection Dave says you can’t go without: https://www.daveramsey.com/blo....g/types-insurance-ca

Read more about building wealth: https://www.daveramsey.com/blo....g/how-to-go-from-zer

THE DAVE RAMSEY SHOW

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channe....l/UC7eBNeDW1GQf2NJQ6

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!

Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: https://www.youtube.com/c/TheR....amseyShowEpisodes?su

Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!

Ramsey Network (Subscribe Now!)

• The Ramsey Show (Highlights):
https://www.youtube.com/c/TheR....amseyShow?sub_confir
• The Ramsey Show (Full Episodes): https://www.youtube.com/c/TheR....amseyShowEpisodes?su
• The Dr. John Delony Show: https://www.youtube.com/c/John....Delony?sub_confirmat

• The Rachel Cruze Show: https://www.youtube.com/user/R....achelCruze?sub_confi
• Anthony ONeal: https://www.youtube.com/user/a....onealministries?sub_
• The Ken Coleman Show: https://www.youtube.com/c/TheK....enColemanShow?sub_co
• The Christy Wright Show: https://www.youtube.com/c/Chri....styWright?sub_confir
• EntreLeadership: https://www.youtube.com/c/entr....eleadership?sub_conf - bsocially