SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #7  
Old May 13, 2015, 12:50 PM
sandalwood sandalwood is offline
Senior Member
 
Join Date: Sep 2011
Posts: 459
Default Re: I have term insurance

Quote:
Originally Posted by Rob Yaggie View Post
No doubt there is a "financial literacy" problem and sometimes the right choice for a person isn't the best option but rather the best option for their discipline, resources and skill level.

I am able to live within my means, save for a rainy day, use tax favored investment vehicles (401k, 529, IRA, etc.) and non tax favored investments.

For me, insurance and investments are 2 different things and the insurance that makes sense for me is term life for a certain portion of my life (kids at home, wife and outstanding mortgage, etc).

I don't agree that "buy term and invest the difference" is the worst advice as a blanket statement but it is only good advice for a limited audience.

Rob Yaggie

Rob,

Thank you for the reply. I believe it is the worst advice because of the alternative that exists. I also can prove it is the worst advice that exists. However this isn't the place for me to prove it so I won't.

I noticed the programs you list. They are forever taxed programs once you begin withdrawing your money. The program I talk about is a never taxed program once you begin withdrawing your money. This program is also IRS approved so that isn't even an argument or consideration.

By the way, if you should suffer a heart attack, cancer or stroke and live and can't work or see your income diminish how will your investments and term policy help you? Better yet, how long will they be able to support you? My product will support you for life. You can't beat that. Hence buy term and invest the difference is the worst advice I know of.

I believe you should always arrange your finances in the manner that is best for you and your family. I am not arguing with you or trying to convince you how smart I am or get you to change your mind.

It is my opinion a look at alternatives that exist and are proven to be superior to what we've been told in the past should be examined. That's it.

The only constant thing in life is change. And, that is exactly what has happened in the financial world. The people who control what we invest in figured this out and are now on to this product. It has already made a big difference to quite a few people.

I also believe all advice is good advice for only a limited audience. I can also prove that.

Again, thank you for the reply.
__________________
If caregiving was a sport it would be an Extreme sport. A site for caregivers.
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 08:16 PM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.