Buying Life Insurance – A Balancing Act


wealthymattersThe conventional financial wisdom is that people best serve themselves by purchasing an online term insurance plan and investing the rest of the premium in diversified equity mutual funds. I have a slightly different take on the matter. Let me explain. Many readers have remarked on the difference between my stand and that of other experts.

If you are young, just started working, have little savings, come from a family with little savings, are the sole or main bread-winner of the family and have many dependents, an inexpensive term insurance plan is your best bet. Even as you work towards building wealth, you don’t put your loved ones at the risk of destitution, should something happen to you.

Also if you are older but have to provide for home and children and perhaps have mortgage and car loans etc. outstanding, you’d do well to increase insurance cover via a term plan for the duration of these loans to ensure that in your absence unpaid loans don’t add to your family’s miseries. Read more of this post

Persist


wealthymatters

Smart Work Has It’s Place,But There Is No Substitute For Hard Work.


Wealthymatters” I can’t bear to think of working on Sundays.”

-This from a guy in his thirties, who has been an employee all his life and is only now thinking of setting up his own consultancy business.

Called me up on a Sunday and found me at work on a new launch. He wanted my help to arrange a loan.

So what was he proposing to do?

Hire a place and an employee and set-up in business.

Oh and he’d like my help in understanding cash management as his is a business that involves credit and his having to give 60-90 days payment terms to customers and having to pay very “competitive” salaries to employees.

And oh he doesn’t believe in working hard. He’s going to be the boss and take it easy and get his employees to work. Read more of this post

Dealing With Ill-Will


Avoid the ill-intentioned, but if you can’t

be happy

George Soros On Brexit


welthymattersBrexit and the Future of Europe

 

“Britain, I believe, had the best of all possible deals with the European Union, being a member of the common market without belonging to the euro and having secured a number of other opt-outs from EU rules. And yet that was not enough to stop the United Kingdom’s electorate from voting to leave. Why?

The answer could be seen in opinion polls in the months leading up to the “Brexit” referendum. The European migration crisis and the Brexit debate fed on each other. The “Leave” campaign exploited the deteriorating refugee situation – symbolized by frightening images of thousands of asylum-seekers concentrating in Calais, desperate to enter Britain by any means necessary – to stoke fear of “uncontrolled” immigration from other EU member states. And the European authorities delayed important decisions on refugee policy in order to avoid a negative effect on the British referendum vote, thereby perpetuating scenes of chaos like the one in Calais. Read more of this post

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