Insurance helps reimburse us for the losses we incur over our lifetime.
The two kinds of insurance cover us and our property. Life and health insurance covers us, and you can get insurance for any kind of property, for a cost.
Choose higher deductibles to keep your insurance premium payments low, if it fits your personal situation.
Medical bills are the number one reason for personal bankruptcy, so take a look at your health insurance options before deciding against coverage.
Health insurance helps defray the costs of medical care and is provided through your employer, or bought personally through health care exchanges.
Premiums, deductibles, co-pays, and the option for dental and vision coverage are all costs associated with health insurance.
Flexible Spending Accounts and Health Savings Accounts are both great tax-advantaged health insurance options.
Investing, like growing up, can be very complex.
Factors such as what markets you invest in, your personal goals and risk tolerance, how you diversify and allocate your assets, and who you use to help you invest your money, all make up this complicated system.
It’s up to you to determine how you are comfortable investing, but don’t be afraid to reach out for guidance to ensure you make good decisions about your money.
Risk and reward both clash and work together, and are culturally significant here in the US as American investors tend to embrace more risk than elsewhere.
Risk tolerance is how much you are/are not willing to take a risk on an investment, and there are several types or risk markets you can invest in based on your risk tolerance.
Your short term and long term goals affect how you allocate your investments.