Posts Tagged ‘Insurance’
SOME recent years Americans have the economic crisis. The concept of financial risk caused the stock price goes up and down. All financial risk is unfolding in the news. However, many people risk hidden in their personal finances, including:
When marrying your finances certainly join with a partner. But if this becomes complicated divorce. In addition to end a marriage requires a huge cost. Call it in America, the average divorce costs ranging from U.S. $ 15 thousand to U.S. $ 25 thousand. In addition to the exorbitant financial cost, divorce is painful and emotionally stressful.
How to avoid the financial risk of divorce is when starting a prenuptial agreement specify how each of your assets and your partner are protected. Be sure not to talk at length about finances and financial goals before marriage.
- have insurance
More than 50 million Americans have no health insurance. When they lose their jobs and suffer from certain diseases, can not afford the fee. Assuming they do not buy insurance and individual coverage was considered too expensive. Medical bills are the cause of 60 percent of bankruptcies in America.
- too long in one job
One of the biggest risks in employment is stagnant career. If you do not learn new skills in other words do not move up the career ladder at risk of income stagnation.
- in the old neighborhood
Many people who worked all their lives to pay for the house and gradually loses its value. This risk is very difficult to realize. Better to sell your home rather than hold on to a house in the wrong neighborhood
People often focus on the purchase of life insurance. But do not plan for the possibility they will live until the age of 90 years or more. The purpose of the financial plan must be longer than the age of your life. Another option to avoid longevity risk in retirement is to buy an annuity, an investment vehicle that gives you a monthly income
If asked to choose so many great business. I, too, I just want a small business but more numerous. In business it is fine to establish a large company that directly, or set up a small business but with large numbers. Depending of us, wants what. This business certainly has its pros and cons on their own. For those of you who have big capital would be no problem if it should be well established large-scale business. But for the capital is tight, it is not impossible to have a big business.
Maintaining capital is very important in business. This small-scale businesses could invest / deposit our money into other people’s efforts are already underway, so that although its profits a little but still there is income. Like for example we have the money of 10 million, then we Leave to another person for 1 million perorangnya, so we have 10 income. if in one month at least 20 percent perorangnya, then we get 2 million per month profit. Without work, without a headache thinking about the business, we can come to enjoy in it.
If you have a product, you can also leave him for sale. As did my friend, where he produces hotcakes layered cake flour taste. He Leave the product to shops, canteens, kiosks, cafes, etc.. Besides, he also works closely with vendors and sales. For products on Leave, taken once a week. With more than gains of about 7 thousand to one place, then he is entitled to pocket the 350 thousand / week. Because until now there are 50 dots care. The advantage had not been included cooperation with sales.
Type of business can be done for small businesses such as selling these pulses, a package or ticket agents, selling clothes (children and adults and Muslims), and much more. Small businesses with large numbers is not as complicated as a large business. We do not need to take care of such letters to be completed by large businesses. As people fishing with a hook to install more, the opportunity to get a big fish too.
Make Friends with a Lawyer, a Tax Professional and a Banker – If you find that you like owning rental properties, a network including these three professionals will be essential if you want to increase your holdings.
Make Sure You Have the Right Kind of Insurance – After learning the rules, you will need to buy insurance to cover your liability. You will need the help of an insurance professional to select the proper package for your type of rental property.
Create an Emergency Fund – This is essentially money earmarked for unexpected expenses that are not covered by insurance. There is no set amount for an emergency fund, some say 20% of the value of the property, but anything is better than nothing. If you are getting current income from a property, you can pool that money into an emergency fund.
Investing in a rental property can be an excellent decision if you go into it informed. Consider these words from Donald Trump: “It’s tangible. It’s solid. It’s beautiful. It’s artistic … I just love real estate.”
Reserve fund was used to deal with emergency conditions and can be invested to provide additional revenue for you.
Meanwhile, when the loan funds will be used only in part then step your debt is considered less effective. My advice extent necessary funds only, unless you have a plan to develop the loan proceeds earlier. If it had no intention to invest, look for an investment instrument that gives a higher income than the amount of interest on bank loans. So do not be put on deposit because you will lose big.
Pick a business activity or investment products that provide higher profits than interest on the loan. You can learn some business profile and business analysis in the mass media or through their own observations. Regarding education insurance, is actually a special investment fund set up to prepare for education. These investments are beneficial in the long term and can only be withdrawn on the due date or if there is risk of death.
Therefore, education insurance suitable for your new sister sat in junior high. The maturity date can be arranged in accordance with the schedule of college education, so when will the money liquid. But to be able to pursue an appropriate amount of education funding with an estimated cost of education is already calculated the premium, usually more expensive than if you invest yourself.
To choose a good education insurance premiums affordable price, you should go to an agent to ask for detailed information. Choose the insurance that has a high reputation, has many branches, length of experience, performance and level of good health. Several economic magazines often peeling performance rating and health insurance companies operating in Indonesia.