Some poor shlub who was having a bad day decided to troll one of my YouTube videos: *** “Whole life is a scam and anyone selling it is a scamster” *** Translation: “I have no rational argument against whole life insurance. I’m just really, really, mad.” I love receiving such comments because it means I’ve […]
When more is less
“Learning to choose is hard. Learning to choose well is harder. And learning to choose well in a world of unlimited possibilities is harder still, perhaps too hard.” ―Barry Schwartz, The Paradox of Choice: Why More Is Less *** People tend to think having more options is better than having fewer options. I guess I do […]
Why you should never take sides in the war between term and whole life insurance
A Flakebook friend of mine is up in arms about Amazon shutting down some user accounts and denying access to ebooks those users purchased. I’m no legal expert but I think the user agreement for that stuff includes limited access rights to ebooks which can be revoked at any time so… it’s not like buying […]
Homeopathic financial planning
I once saw the famous magician, James Randi, eat an entire bottle of homeopathic sleeping pills. He did it on live T.V. and… lived to debunk alternative medicine another day. Was Randi’s stunt an illusion? Nay, Mortal. If you’re not familiar with homeopathic medicine, it’s basically the idea that you can dilute real (or alleged) […]
The dark side of whole life insurance
For your general amusement, and mine, here are “skeletons in the closet” and all the nasty bits of whole life insurance: The whole underwriting process is just plain weird.You have to go through a blood and urine test, answer a bunch of health questions, and wait 2 to 3 months while the insurance company’s underwriter […]