Jun 02 2020 51 mins 2
In this episode, Aaron and Trishul discuss insurance companies. How do these firms determine their premiums? How much should you pay? And when it might be appropriate to "self-insure"? Aaron and Trishul dig into left-tail risk and the law of large numbers when comparing car insurance to life and long-term care insurance. If something is likely to happen eventually, you can assume the insurance company is going to charge you enough to cover for that event. Insurance policies often fall on a spectrum, with some good, no-brainers on one end, and with some borderline sketchy sales tactics on the other end. But many are in that gray area, where it depends on your individual preferences and circumstances. Episode References Cornell University - Tuition Rate Fees U.S. News - Top National Public Universities An Introduction to 529 Plans Investing Forever - You Can’t Spend the Same Dollar Twice College Savings Calculator Free Online Courses - MIT Free Online Courses - Stanford Price History Over the Past 30 Years Harvard Initiative to Attract Low-Income Students Podcast Description Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.
