What is Self Worth?

I don’t remember exactly when and from whom I heard that phrase. It was most likely from grade school as I’m pretty sure I heard it from an adult. Most likely, it was taught in class.

This one phrase could have killed me if I hadn’t smartened up.

Summer of 2017.

It was an unforgettable summer for me because, by the end of it, I had hit rock bottom. Man, I got to stop spoiling the story. But luckily, you need context, so we’ll rewind to the beginning of the story.

Self Worth vs. An Inflated Ego

Right at this point, life had gone very right…


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Financial Education Course — Step #5, How to Build Wealth

This is going to be the last post of this Financial Literacy course. You’ve made it this far. So, let’s finish this out STRONG!

Here are some ideas:

  • Passive income streams (i.e. real estate, renting out rooms as Airbnb)
  • Investments in the markets (i.e. mutual funds, 401K)
  • Real Estate Investment Trusts (REITs)
  • Affiliate Businesses

How to Build Wealth Fast

So, how do you build wealth fast?

Honestly, nothing great comes fast. It’s a slow and steady race.

How do I do it? Well…

HALF MY PAYCHECK GOES TO MY INVESTMENTS (i.e. MUTUAL FUNDS)

It’s been like this for 3 years…

In another post, I will…


Get my eBook Leverage, sold on Amazon, but FREE here!

Financial Education Course — Step #4

How to Eliminate Debt — Debt Management

Let’s start off with some statistics:

  • 80% of American adults are in DEBT.
  • 50%+ own a Credit Card.
  • $8,284 is the Average Credit Card Debt per Household

I’m assuming that a lot of people will have credit card, student loan, or some kind of debt that contributes to THAT DEBT.

This entire post is all about Debt Management.

If you have credit card debt and you need help, send me an email. I got partners that help negotiate with credit card companies to reduce the debt and remove the interest with a payment plan. We’ll see if we can help…


Get my eBook Leverage, sold on Amazon, but FREE here!

Financial Education Course — Step #3 (Cont.)

Emergency Fund

We’re on the third step finally!

We talked about emergency funds in the previous post, but to recap, it’s basically a small fund to take care of you if something unexpected happens, like if you get laid off.

I’m writing this in the middle of the Coronavirus. At the time of writing, 40 million Americans have file for unemployment. Imagine the stress they must feel because they don’t have emergency funds!

Some businesses are going to shut down for good in this time, but there’s also going to be businesses that are going to boom. …


Get my eBook Leverage, sold on Amazon, but FREE here!

Permanent Life Insurance — What can A Permanent Life Insurance Policy with Cash Value be used for?

We talked about cash value in the last post, so if you want, please check it out here.

Now, we’re going to talk about what it can be used for. Stick around, you’ll learn something that will blow you away.

With cash value, you can do several things:

  • You can use it to buy a car, a vacation, etc.
  • Or “FLIP THE SWITCH” at 65 or 70.
  • That means, you start taking out tax-free income for retirement as long as the policy value is sufficient.

Permanent Life Insurance Advantages

Here are some of the advantages of permanent life insurance:

  • You get Tax Free Growth

Once Upon a Child, The Earliest memories form…

He wakes up in the early morning, up bright and early, the sun has not risen yet and his parents are nowhere to be found.

In the dark, he climbs out of his crib.

*Flicker flicker*

He turns around. The door to the room is left open; the light was left on in the hallway. It flickers ominously.

The two-year-old turns around to look out the window; the street outside is filled with darkness. He had a bad feeling, what was it?

Nervousness? Anxiety? He was too little to understand what those feelings are.

One side filled with darkness and…


Get my eBook Leverage, sold on Amazon, but FREE here!

In the last post we talked about term life insurance, today we’ll talk about permanent life insurance policy.

Here are the similarities and differences between permanent life insurance vs term:

The similarities is that both permanent life insurance and term offers a death benefit.

The differences is that for permanent life insurance…

  • It’s kept for life.
  • It costs more
  • Permanent life insurance is coverage for life vs. term which covers a term.
  • It ADDS LONG TERM CARE
  • It has flexible premiums.
  • It has TAX FREE CASH ACCESS.

Permanent Life Insurance with Long Term Care Rider

The thing is you’ll need it. …


Get my eBook Leverage, sold on Amazon, but FREE here!

What is temporary life insurance?

Temporary life insurance is protection for a specific period of time. We’re talking 10, 20, or 30 years. It’s the most affordable because it provides a death benefit. Term insurance, a form of temporary life insurance, expires after a certain term (i.e. 10, 20, 30 years) that’s why it’s called term insurance. It’s for those with limited budgets DURING times of “high financial responsibility”.

Temporary Life Insurance Definition: It’s literally protection for a specific period of time.

We’re talking 10, 20, or 30 years.

It’s the most affordable because it provides a death benefit.

Really…


Get my eBook Leverage, sold on Amazon, but FREE here!

Life Insurance First Questions — Rule of Thumb

Your life insurance should cover 10X your annual family income

If your annual household income is $100,000, that means you need $1 million death benefit.

If your annual household income is $50,000 that means you need $500,000 death benefit.

Life Insurance Questions — Second Rule of Thumb

Don’t tell your beneficiary.

Because if they know they can make money on your death, they might put a hit out on you.

Make it a little surprise for when you’re gone.

Some Life Insurance Questions & Considerations

Here are some factors to consider:

  • Age
  • Health
  • Debt
  • Dependents
  • Income/Current Financial Situation
  • Role in your business

These are the things that you’ll consider when you are thinking about…


Get my eBook Leverage, sold on Amazon, but FREE here!

Do you know ONE thing that you can NOT buy?

When you need it and want it most?

No matter how much you offer?

The answer is INSURANCE.

Doesn’t that make sense?

If you have stage 4 cancer and you’re about to kick the bucket and die with a family of four. You have two young kids. At that point the one thing you want the most is life insurance. You want a death benefit. But you’re not going to be able to buy it.

At that point is when you want it the most. When you need it the…

Donald Lee

Sign up for his newsletter and read more about philosophy, personal development, finance, and marketing at his blog www.coursehack.club

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