This or that? Depending on who you listen to, you may have heard a variety of opinions on these financial debates. Eric shares his thoughts on debt, mortgages, life insurance, and mutual funds.
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Take a look at the full rundown for this episode:
1:06 – IN THE NEWS: STUDENT LOAN DEBT
Bernie Sanders wants to forgive about $1.6 trillion in student loan debt. Is this a good idea or realistic?Who is going to pay for it?The first rule you should learn about taking out loans.Eric gives his take on the topic.
3:55 – PAY OFF DEBT OR BUILD UP SAVINGS?
Both are important but here’s how you treat yourself.Strategy you should use in your life.
5:00 – KEEP A MORTGAGE OR PAY OFF HOUSE AS QUICKLY AS POSSIBLE
Why do people say mortgage debt ‘better’ than other types of debt?Eric shares a client example of someone wanting to pay off their mortgage with retirement account money.Is it advantageous to refinance?
7:11 – TERM LIFE INSURANCE VS PERMANENT LIFE INSURANCE
What is term life insurance?When would term life benefit you?What type does Eric carry?What is permanent life insurance?Both have advantages and disadvantages.
8:54 – MUTUAL FUNDS: GOOD OR BAD?
What can mutual funds provide and are they still as solid as they used to be?Are exchange-traded funds better?With mutual funds, the actions of others can impact you.