073: Chuck Jaffe: Money Life and Your Life

In this episode, The Annuity Man and Chuck Jaffe discuss:  Some good examples of bad investments Issues with cryptocurrency Understanding indexed annuities  Interest rates and inflation    Key Takeaways:  Some investments are unjustifiable and unnecessary.  Cryptocurrency isn't that different from gift checks, except you can actually spend gift checks. Only a handful of stores accept bitcoin payment.  The problem with indexed annuities is that it's so difficult to explain.  A lot of things go into calculating inflation in your own context, like taking into account your spending habits and where you are in life.    "Inflation is a very much personalized thing… you could say that inflation is not bad, but a lot of houses are having trouble with inflation because of their spending patterns and where they are at in life." —  Chuck Jaffe    Connect with Chuck Jaffe: Website: http://moneylifeshow.com/ Podcast: https://moneylifeshow.libsyn.com/  Twitter: https://twitter.com/ChuckJaffe    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!