Episode 127: The 3 Worlds of Money

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?