JW’s Financial Coaching Podcast-Personal Finance A-Z Gambling, Home Equity Loans, and Insurance

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Gambling, home equity lines of credit, and insurance are the main topics on the show today. Gambling is not a way to build wealth, in fact, it will cause you to go the other way and become broke. If playing the lottery is your retirement plan then you are in trouble. But playing the lotto is not the only way we gamble with our money. We gamble by taking out huge loans and investing that money into either the stock market or in real estate. The thing is that you do not have to gamble to build wealth; be the tortoise and not the hare.

Home equity lines of credit get pushed as a good way to pay off your debt by consolidating. The problem is that by doing that you very rarely making the necessary changes that got you into the debt in the first place. In addition, you are also putting your home at risk. If you do have one we discuss what is the best way to go about paying it off.

Insurance is available for almost every single item necessary. You do need some insurance but figuring out which insurance you need can be quite difficult. We break down what insurances we recommend that you buy and which ones you need to avoid.

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You can subscribe to future Podcasts either through Feedburner or iTunes. Or you may listen to the podcast on the JW’s Financial Coaching Facebook Fan page.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me:

1.) Email me at JWFinancialcoaching@gmail.com – Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

2.) Simply fill out the form at the bottom of this page. Please fill out your name, email, where you are from, the subject line, and your question/comment/suggestion and we will read it on air.

You can find prior editions of the podcast at the podcast archive page

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About Jon White

Giving people hope and seeing them win with their finances is something I have a strong passion for. Because of this passion I started JW’s Financial Coaching in the summer of 2010. Financial coaching has allowed me to combine my passions of finances, teaching, and helping others by helping people get on the right track financially. I'm interested in hearing your story so please do not hesitate to interact with me through social media.
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