It's National Savings Day! In today's episode, Chris and Tom talk about the definition of saving vs investing, how banks operate, and different options for saving money (you guessed it - Whole Life Insurance). Chris shares some of the key benefits of how Whole Life Insurance could mimic what your bank account could do and then some. Listen to learn about maximizing efficiency and resources so you can get the biggest benefit and impact!

Who's The Guest? Chris Tormey has been working with clients in the financial industry for over three decades. Earlier in his career, he was a founder and risk management specialist for two hedge funds. Chris also began his career as a derivatives specialist and worked at several investment banks helping clients with money management and hedge funds.

Chris also earned his MBA in Investment Management at the University of Virginia's Darden School of Business, where he was the Presiding Partner of the school's investment fund and President of the Investment Club.

Highlights

• Who is Chris Tormey?
• Why is it hard for some people to save?
• What is the purpose of having savings?
• The best places to store your savings.
• What are the advantages and disadvantages of storing money in banks?
• The IRS' involvement in insurances
• How can you set up your policy to start moving money? Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chris Tormey
• https://www.monecoadvisors.com/
• https://www.linkedin.com/in/chris-tormey-318ab112

How to Listen: Subscribe on Apple Podcasts Listen on Spotify