Someone asked "My mother is thinking of buying a 5 years insurance plan with a single premium of $10,000. She is still in good health and the reason she's buying is to get safe returns that are higher than the bank interest."
It is quite common that people are not clear on the differences in saving, investment, and insurance.
It is good to understand Saving, Life Insurance and Investing - Revist
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
Most people are not savvy financially....
ReplyDeletetoo lazy or unable to get educated??