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Deeper Than Money

Do You Need a Beneficiary?

Deeper Than Money

Chloe Elise

Finance, Debt, Millennial, Credit, Investing, Saving, Business, Freedom, Mindset, Millionaire, Budget, Money, Loans, Relationships

5803 Ratings

🗓️ 9 October 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

This week Chloe breaks down what a beneficiary is, how it works, and if you need one. She gets into all the details on the ins and outs of how this process works, and why it is important to think about no matter where you are at in your financial journey.

Transcript

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0:00.0

Hi and welcome to the Deeper Than Money podcast. I am your host, Chloe Elise. I'm a millennial money

0:11.3

coach speaker, dog mom, and a seven on the enneagram, and I am on a mission to prove to you

0:17.2

that finances can be fun and easy. On the Deeper Than Money podcast, we will dive into all things millennial finance, debt,

0:25.9

saving mindset, and how to have financial freedom to enjoy life in your 20s and 30s.

0:31.7

I want you to leave this podcast with more confidence around your Mula and the belief that

0:36.6

your biggest financial dreams are

0:38.2

possible for you. So let's talk money. Today we are going Than Money podcast. Today we are going to take a financial word,

1:00.4

like a word in the financial literacy world. And we're going to break it down really simple to where

1:08.3

you fully understand it. And so if this word is brought up, you're like,

1:12.7

yep, I know what's going on there. And also, so you know what it means to you. And so you can utilize it

1:20.3

in your life and apply financial strategy. This is like a super, super, super micro financial

1:27.3

strategy. And this would fall under the

1:29.4

category of protecting your wealth. So let's dive in. And we're going to talk about it. Like we are just

1:36.0

besties going out and getting coffee and somebody brings up, hey, what is this? And we're like,

1:42.1

oh, let's chat about it. So normally if you're someone who

1:45.1

this episode is like, oh, I don't know if I would listen to an episode like that. I promise it's

1:49.9

going to be so chill and we're going to make it super fun and easy. That is the whole goal. So today

1:58.6

we're going to talk about what is a beneficiary. And maybe you've

2:04.2

heard the word beneficiary. Maybe you haven't. Here's your reminder that if you've never heard of that

2:09.5

word, you aren't stupid, you aren't bad with money, you aren't an idiot. That doesn't mean that

2:16.0

this podcast isn't for you it literally just means that

2:19.8

there are tons and tons of words and so much financial jargon and so often when we hear a word

...

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