#245 - The Financial Alchemist Reveals: How the Wealthy Buy So Much Life Insurance and Why You Should Too

Financial Freedom Podcast with Dr. Christopher H. Loo, MD-PhD

English - April 05, 2023 08:15 - 25 minutes - 23.2 MB - ★★★★★ - 3 ratings
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Previous Episode: #243 - Unveiling Unknown Business Hacks: Jon Weberg Reveals His Secrets to Scaling Profitably

Next Episode: #246 - Burning the Boats: Taking the Leap into Entrepreneurship with Chris Anderson (Elevate Media Group)

Description: Welcome to this episode of the podcast, where we are joined by Michael Santonato, a financial educator and advisor who is passionate about providing a true financial education to people. In this episode, we discuss some thought-provoking topics and questions, such as "Why Do You Pay More Tax Than Billionaires?" and "How does the Covid Relief Act Impact You As A Business Owner?"

Michael shares his insights on why people do not get a true financial education in schools, workplaces, or even at home. He talks about his own experience of learning about personal finance from his parents, who were bank managers, and how it set him on a path to help others achieve financial security.

We delve into the impact of Covid-19 on businesses and how the government's relief act affects them. Michael explains why the wealthy buy so much life insurance and what separates them from the rest of the population. He also shares some investment recommendations that are still valid and valuable in today's market.

Michael addresses the common belief that the financial system is broken and has failed people. He provides case studies and testimonials from his clients who have benefited from his advice and guidance. He also talks about what everyday families need to do or have to feel secure in these crazy and changing times.

Lastly, we discuss the benefits of hiring a financial advisor/educator and how they can help people bridge the gap between their current financial situation and their financial goals.

So tune in to this episode of the Podcast to gain valuable insights and knowledge about personal finance and how you can achieve financial security.

Disclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show. Do your due diligence.

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