Homeowners insurance can be expensive. If you’re looking to cut those costs, here’s how you can compare quotes annually.
We love to talk about resilience, entrepreneurship, investing and growing wealthy. But what if life doesn’t go according to plan? What if your house or apartment gets swallowed by a fire? What if you get hurt and can’t work? What if you die young? It’s not fun to think about, but risk management is every […]
Insurance is one personal finance topic that often gets glazed over. I’ll be the first to admit, insurance is not always exciting. Nobody checks their insurance statement each month with the same kind of excitement or hope they do with savings or investing statements. Even though insurance isn’t the most exciting part of a financial […]
When you’re young – say during college or in your 20s and 30s – life insurance is the least likely thing on your mind. Seriously, I’ve yet to meet a college student or recent graduate who’s given any thought to life insurance. But there are a lot of reasons why a millennial should consider life […]
Over the last few years, I’ve really given a lot of thought to what it takes to get rich and grow wealth. I’ve spoken with countless millionaires, I’ve coached clients through my programs, I’ve helped people on my forums, and I’ve responded to over 5,000 reader comments on this site. In each instance, there are […]
Everybody talks about Spring Cleaning…but what about Fall Cleaning? Nobody talks about Fall Cleaning. Well, when it comes to your finances, I think fall is the best time to dive in and clean things up. Why? Because in the Fall you can check-in on your plan since you last were forced to look at your […]
September is Life Insurance Awareness month and this post is in partnership with TermLifeInsurance.com, which helps spread awareness of the importance of term life insurance. Learn more about how you can protect your family and your finances. Are you ready to take control of your financial future? You don’t need a financial advisor to develop […]
As most young adults make the transition from living at home and going to school, to getting their own place and landing their first jobs; many of their parents are starting to make the transition from working full time to retirement. This can be a challenging time for both parties, but if you arm yourself […]
One of my biggest focuses to build wealth is simply earning more money. For many, that involves creating a side hustle. For some, that side hustle or passion can turn into a full time gig. In some cases, that can turn into something very lucrative. I’ve always been curious about how to become self employed. The thought […]
If your insurance claim is not settled, you may take it up with regulatory authorities. There are some NGOS that provide help. Contact them.
You should be careful while taking any insurance policy. Look for reputation, past records of claim settlements and financial soundness of insurance companies.
Join Group Insurance Plans offered by your employer or others. You get a higher coverage at a lower cost.
Do not mix insurance with investing. Use insurance to cover your risk only.
Avail insurance deductibles – fix the deductible based on your loss bearing capacity.
Insurance cost is an expense, but it is comparatively small compared to the potential loss you will have to sustain from any catastrophe.
As money-wise millennials, we have a lot of goals in mind as we graduate from school, get started with our careers and think about what we want our finances to look like in the coming years. One financial consideration that often gets pushed to the periphery is life insurance. You may be asking isn’t life […]
I really like to save money, but who doesn’t? What I don’t like, however, are money-saving tactics (like extreme couponing) that require a ton of effort only to save a few bucks. I prefer to put in a little legwork to reap the savings over the long-term. If you’re looking for some easy ways to […]
No one ever seems to want to talk about life insurance, however it’s important to face the reality that we won’t be around forever. But being young, single, and healthy means you have nothing to worry about. Right? Unfortunately not. Obtaining life insurance is one of the most important financial moves you can make. And […]
You’re young and you have a bright future ahead of you — if you learn to manage your money the smart way, that is. You should start making smart choices about your money now in order to set up a solid financial foundation for the future. You can do just that with these top 10 […]
For many employees, November and December are the months for open enrollment, which means that it is the only time of the year that an employee can elect to enroll, modify, or cancel their benefits. This is a challenging time because you have to make a lot of decisions that are guaranteed to impact you for […]
“Well you sure can’t eat benefits!” I remember this conversation vividly from my childhood, as my dad talked to one of his younger coworkers at the time. My dad has worked for a public utility company for many years. He has a defined pension, free health/vision/dental insurance, and a generous 401(k) equivalent match among other […]
Believe it, or not, you may not be as smart as you think you are when it comes to lying on your life insurance application. More than likely, your lie has been told before, and has been caught red-handed before, time and time again. Just think about it; how long have insurance companies been around? They’ve […]