Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.
Investment Strategy Consulting Makes SenseMany internet searches reveal that you can get free term life insurance quotes and premiums that are up to 70% off. With so many options available, is it always in your best interest to get the cheapest term life insurance coverage? And what does "up to 70% off your term life insurance" really mean?
Cost effective term life insurance is simply basic life insurance that pays out a lump sum after your death. The premiums for these polices are generally low because the policies are like your house insurance; there is no cash value. There are two basic types of term life insurance – decreasing term life insurance and level term life insurance, but decreasing term life insurance is gradually being phased out.
What is Term Life Insurance?
Level term life insurance policies are not as cheap as decreasing term life insurance but do a better job of protecting you. Both of these life insurance policies have many similarities. The reason for the different price structures are that level term life insurance policies, owned by you, can pay off your mortgage and still leave a pay out for your family. The group term life insurance you buy through your bank, has a decreasing balance but keeps the same premium. Finally, a cheap decreasing term life insurance policy pays only the bank a lump sum to clear your mortgage; it doesn’t leave any money to pay those you leave behind.
Investment Strategy Consulting Makes SenseBuying and selling stock can be a good way to boost ones personal finance provided they do it in an educated way. If one does not put research behind their stock decisions then there is no guarantee that one will stand to make any profit from their investment that they have made.
Eliminate unnecessary credit cards. You do not need to have a multitude of credit cards open on your credit report. This costs you a lot of money in interest fees and drags down your credit score if you have them all above 20% of the available maximum balance. Write the creditors a letter and pay off the balance.
Personal finance is a way to address the various uses of monetary resources allocated to an individual or family unit. It takes into account the ways in which the monetary resources are obtained, budgeted, saved, or spent over time and also encompasses the various financial risks and possible future events.