Welcome to episode 16! Today I will be talking about a popular investing method, the Buy Term Insurance and Invest the Difference or simply called BTID. I will also be diving further as to why getting a Term Insurance is best for beginner investors with family dependents especially on the topic of the time value and opportunity cost of your money in getting an insurance.

Timestamps:

• A brief juncture on insurance [01:43]

• What is a term insurance and why its the best and lowest cost insurance product out there. [03:10]

• Why the BTID method is powerful and why all investors should use it. [05:48]

• Opportunity cost in getting an insurance. [09:30]

• Why getting a life insurance as early as possible is crap especially if you don't have any dependents yet. [11:24]

• Time value of money when getting an insurance. Spoiler: Inflation sucks. [12:46]

Reach out to me thru my Facebook page- https://fb.me/theseafarerinvestorpod

and thru my email - [email protected]