16. BTID- Buy Term Insurance and Invest the Difference

The Seafarer Investor by Seoshin

Episode notes

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]

  •  ... 
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