“Quitters never prosper”
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.
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.
Right at this point, life had gone very right…
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:
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…
Let’s start off with some statistics:
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…
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. …
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:
Here are some of the advantages of permanent life insurance:
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.
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…
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…
The thing is you’ll need it. …
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.
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.
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.
Here are some factors to consider:
These are the things that you’ll consider when you are thinking about…
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…