Strategies & tactics to get ahead financially & in life
No one likes to pay for insurance. No one likes to use insurance (because it usually means something bad happened).
But we all need it.
This category covers the different types of insurance policies you might need, how to think about where they fit in your world, and making sure you are fully insured.
One of Jim’s friends recently bought a house and the purchase included a home warranty (they usually transfer on a home sale). I don’t know the specifics of the home warranty but he explained that it covered “everything.” I suppose the price of it was baked into the price of the home but to him […]
Did you know that the average American has a one-in-four chance of becoming disabled before retiring? That’s the grim news from the Social Security Administration. Yet disability insurance is one of the most overlooked types of insurance coverage there is. Sure, there’s permanent disability provided by Social Security. But that can take many months to […]
When I met with our financial advisor, one of the first things she suggested was to get term life insurance…not whole life insurance. Term. She also suggested I get them from different insurance companies. What’s funny is that it was the same advice I once received from our business accountant. It was one of our […]
They say that you feel invincible when you’re young. When I was in my twenties, I didn’t feel invincible. I just never considered seemingly random medical problems that would happen to me. None of my friends experienced them. Then, around the age of 30, several of them tore ACLs or their Achilles. Some did it […]
Like just about every other financial product you can buy, the life insurance industry has gone digital. It’s now possible to apply for a policy and complete the entire process online, without ever speaking to a live individual. As a former financial planner that sold life insurance the “old-fashioned way” I’m impressed and amazed how […]
Years ago, when we had a lot of friends living in downtown Baltimore, they’d routinely get their cars broken into. It got so bad for one of my friends that she left her car unlocked with a note telling potential thieves that it was unlocked (and empty). It was cheaper than replacing broken windows all […]
If you’ve known many renters, you’ve heard the war stories. One of the worst stories involved a friend of mine. She was renting in an apartment complex that was old but well maintained. Her place was nice, the fixtures were a little dated but not too bad. One day, she noticed a little discoloration in […]
When you’re young, it feels like you have a lot of hard decisions in life. Should I ask her out? Should I study for this test or hang out with my friends? Where should I go to school? Where should I go to work? Fortunately, they’re important decisions but they’re not hard. There are few […]