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The Wealth Without Wall Street Podcast

By Russ Morgan CFP® & Joey Muré

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Round Table | What if I Can’t Pay My Premiums

• 29 min

Today’s conversation is: “What if I can’t pay my premiums?” We’re going to bring out all the scary things that one can think of and hear what the coaches have to say. Let’s look at some of the thought processes that trigger the question: Scarcity mindset vs. being prudent Options and flexibility Fear of commitment It depends on what ultimately you are trying to achieve and how you view your premiums. Do you consider your premiums as an expense or an investment? Are you building your insurance policy for the death benefit or for creating growth? Once you get this clear, that’s when you can carve out a path and create passive income streams. When you depend solely on your active income, the worst possible situation is losing that income or having zero income while needing to pay premiums. If you focus on building your passive income sources, you will overcome the fear and see what options are available to you. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive QandA sessions with other members and our coaches. Join here:https://wwws.link/inner-circle-sign-up ( https://wwws.link/inner-circle-sign-up)

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