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re: What do I do with my money next?

Posted on 8/23/13 at 8:59 am to
Posted by Douboy
Louisiana
Member since Nov 2007
4332 posts
Posted on 8/23/13 at 8:59 am to
quote:

We both have permanent life insurance


Not to sound like a douche, but most people who don't have "extra" money will not understand buying whole life policies. I don't know the details on your policies, but generally, whole life insurance can be a good PART of the investment/savings strategy when you have actual money and not just a pile of Dave Ramsey books.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
90920 posts
Posted on 8/23/13 at 9:03 am to
quote:

I don't know the details on your policies, but generally, whole life insurance can be a good PART of the investment/savings strategy when you have actual money and not just a pile of Dave Ramsey books.


I and I agree with all of this.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 8/23/13 at 4:00 pm to
Dou, would you advise a $50,000 or $100,000 whole life or a $2,000,000 20-year term?
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