Nicole Lapin

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12,643 appearances 65 recordings 1 series first heard Sep 2025 last heard yesterday

Nicole Lapin’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 62 in all, peaking in Oct 2025 with 11.

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Money Rehab with Nicole Lapin · I Put My Toddler on Payroll. Here's Why. · 2 Sep 2026 podcast

I'd rather take the money I would have spent on higher whole life insurance premiums and put that directly into the market myself, into her 529, into her custodial Roth IRA, into my own retirement.

Sorry, by the way, my daughter can take out a loan for college.

I cannot take out a loan for my own retirement.

I trust myself to invest that difference more than I trust it sitting inside an insurance.

Product earning a guaranteed but modest rate of return.

Now, I want to be really clear here: whole life is not a scam.

For some people, particularly high net worth individuals who have maxed out other tax-advantaged accounts and need additional estate planning tools.

Whole life makes a lot of sense.

But for most parents, the vast majority in their 30s, let's say, trying to protect their kids while they're all

Also building wealth?

Term gives you the coverage that you actually need at the price that does not crowd you out of other financial goals.

The bottom line is get life insurance.

A healthy 35 year old can probably get a 20 year, $1 million term policy for somewhere in the ballpark of $50 to $70 a month.

That is a very small price to pay for a very large peace of mind.

Use comparison sites to shop rates online.

Don't just take whatever your employer's benefits pass.

package offers because that coverage is usually not enough and it also disappears the moment you change jobs.

So Lauren, these are the things that I have done to grow wealth for my daughter so far.

And oh actually DM me because I have a rich moms group on Instagram where I talk about this stuff all the time.

And I would love for you to join us and we can talk about whether it's normal for our kids to do like a resurface in the house.

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