Insurance is a financial tool that is used when you don’t have enough dollars in your emergency fund to cover the loss yourself.
Have you thought about who will care for you in your old age?
Your home is the largest hard asset you own. You need to protect it with insurance.
It is disability insurance that will protect you and provide an income stream for you and your dependents if you are unable to work due to an accident or an illness.
When we buy insurance we are buying financial protection in case an incident occurs that we cannot afford.
The last phase of your financial life is to enjoy the fruits of your labor. Retirement!
The family starts as a couple, you have one or two children and then you divorce.
Babies grow up and that baby we talked about yesterday just had her 17th birthday and will be a senior in high school this fall.
Having a baby creates a family and makes us look at things differently.
Couples should be having the money talk before they marry or move in together!