I am a huge fan of term life insurance, and I do not favor whole life insurance or cash value life insurance. For most people, term life insurance is the best option. Very few consumers need permanent life insurance. There are many benefits to term life insurance that make it a great insurance product for people who are looking to protect their income and continue to provide for their families and loved ones in the event of their untimely death. Why You Should Love Term Life Insurance Term Life Insurance Is Cheap The best benefit of … [Read more...] about Top 3 Reasons That I Love Term Life Insurance and You Should Too
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What would an extra $1,000 do for you? Whether you need to pay off a handful of bills, reduce debt payments or pay for a vacation, most people would agree that extra cash is helpful. Here are some great ideas to save money. Not all of these suggestions will work for you. Read through and check out the items that will help you the most. If you need a little extra cash this year, here are a few ideas to save money that can save at least $1,000 this year. Top 9 Easy Ideas to Save Money Low Income Benefits If you are a low … [Read more...] about
A friend of mine recently complained about an old college roommate who was trying to pressure him to buy whole life insurance. He was having trouble figuring out how to tell him no, because they'd been so close back then. This is an all-too-common occurrence for young professionals in their late 20s and 30s. This is the time when friends and family are test-driving new professions -- like sales gigs, for example. Many insurance brokers push whole-life policies because they provide them with the juiciest of commissions. Several … [Read more...] about Are You Feeling Peer Pressure To Buy Whole Life Insurance?
Is life insurance an asset? Do you consider your life insurance policy to be an asset like your house, cash in your bank account, or the gold bullion bars under your bed? Is life insurance the new asset class? Are our net worth’s about to skyrocket? It is an interesting idea that has been gaining in popularity in the personal finance circles. There are several reasons that you may want to consider your life insurance policy to be an asset. But, there are also plenty of reasons not to think of it in that way. Is Life Insurance An … [Read more...] about Is Life Insurance An Asset Like Your House, Cash, Or Gold?
I should have known better about my finances in my 20s. Heaven knows that I have made a few financial mistakes along the way. This list of what I should have known better about my finances in my 20s is an attempt to help others before they make some of the same mistakes. It is not too late though to recover from your errors though if you have made these listed below. 20 Things I Should Have Known Better About My Finances 1. Don’t borrow from your 401k retirement plan. Even though you are paying yourself back with interest, you are going to … [Read more...] about 20 Things I Should Have Known Better About My Finances
I’m constantly being asked money questions by readers, coworkers, friends, and family members. I do ask for your money questions over and over again after all. In fact, if you email me one of your money questions and I pick yours to be featured in our Reader’s Questions Series, I’ll send you a free copy of Dave Ramsey’s book, The Total Money Makeover. I thought that it would be cool to highlight the ten questions that I hear the most often. Here are the quick answers to these top money questions that people have a burning desire to … [Read more...] about Top Ten Money Questions People Always Ask