Life insurance isn’t the most thrilling topic, but there are many tragic stories of a family’s breadwinner passing away, with no life insurance in place to speak of. If you’re smart, you’ll do all you can to have at least some protection for you or your spouse, and perhaps both.
But what kind of life insurance is right for you? Knowing which type of life insurance to purchase usually starts with the discussion or two basic types of life insurance: term insurance and permanent insurance.
“You are so lucky!” is the common refrain when others hear about the adventure my family is on. But was it actually luck?We are currently eight months into our one-year family adventure in Ecuador, connecting as a family through adventure and the unknown.
My girls have been attending school taught completely in Spanish. Michelle and I have also been learning Spanish as well as working on personal side projects. Our family has traveled to fascinating places including high mountains, desert beaches and deep Amazonian jungles. We are truly having the experience of a lifetime.
Like utility knives, there are a few investment tools that are relatively simple in their design and extremely powerful in their effectiveness. One of these, without question, is the Roth IRA.Here are three attributes--utilities if you will--which make a Roth IRA such a powerful tool for families to build and use their wealth.
When I was single and dating, I had several wise friends and family members tell me not to “put all your eggs in one basket.” Anyone that has much experience in dating knows the value of the phrase, cliche as it may sound. Opportunities tend to come and go in the dating world. Getting your heart set on one person (especially early on) and having it not work out can lead to unnecessary heartache. A better approach is often to go on dates with a variety of people.
Being homeowners and landlords has given us a new appreciation for using real estate to build wealth. It’s been a great experience so far, but there are both material and unseen costs involved which take a toll. Here are a few thoughts based on our own experiences, and why homeownership sometimes isn’t all it’s cracked up to be.