March 2011

027 Beyond Your Wedding Day Podcast- Feeling Safe and Secure With Your Money

Click Play Below or Right-Click Here to Download

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

In this episode of the Beyond Your Wedding Day Podcast, we continue discussing the book Smart Couples Finish Rich by David Bach. We discuss step 6 (chapter 6) entitled “The Security Basket”.

Things happen in life to mess everything up: job losses, divorces, car repairs, etc.

1.) Set up an emergency fund

*3-6 months worth of expenses in a money market account

2.) Set up a will!

*you will die and you need to have a will in place for when that happens

*determine who gets your stuff and who will get custody of your children if something happens to both of you

3.) You need life insurance!

*once again, you will die

*if anyone relies on your income, you need life insurance

*you need life insurance on a stay at home mom

*8-12 times your annual income in a level term policy

*stay away from cash value insurance

4.) Get the best health insurance you can afford

*you can get into 6 figures or more of charges at a hospital really fast

*make sure to have maternity coverage if you are having children soon

5.) Unlike everyone else, get disability insurance!

*get a policy that pays at a minimum 60% of your gross pay until you are 65 if you are considered disabled and can’t work

*it will be tax free income unless the insurance is provided by your employer

*get owner-occupation coverage in case you cannot do the specific job you do now due to disability (for example, a professional speaker lost their voice permanently)

*your premium gets smaller as you lengthen the waiting period until your coverage kicks in

*If you are 60 years old (or older), you need long term care insurance

{ 0 comments }

You Need An Emergency Fund

March 25, 2011

What happens when your transmission goes out on your car?  What about the furnace in your house?  How do you pay for those emergencies?  Unfortunately, for most people in the United States, credit cards are your emergency fund.  Most people rack up credit card debt due to emergencies.  I have a better plan: build an […]

Read the full article →

026 Beyond Your Wedding Day Podcast-How To Get 1 Million Dollars or More

March 16, 2011

026 Beyond Your Wedding Day Podcast- How To Get 1 Million Dollars or More Click Play Below or Right-Click Here to Download In this episode of the Beyond Your Wedding Day Podcast, we continue discussing the book Smart Couples Finish Rich by David Bach. We discuss step 5 (chapter 5) entitled “The Retirement Basket”. Don’t […]

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Read the full article →

The Who, What, When, Where, Why and How of Retirement Investing

March 10, 2011

Investing for retirement can be very confusing.  You may know that you should be doing it, but you may be so confused on how to do it that you don’t even bother.  Hopefully, this article will give you the basics so that you will feel empowered to at least get started. Who: The obvious answer […]

Read the full article →

025 Beyond Your Wedding Day Podcast- Are Your Lunches Costing You $1.2 Million?

March 9, 2011

025 Beyond Your Wedding Day Podcast- Are Your Lunches Costing You $1.2 Million Click Play Below or Right-Click Here to Download In this episode of the Beyond Your Wedding Day Podcast, we continue discussing the book Smart Couples Finish Rich by David Bach. We discuss step 4 (chapter 4) entitled “The Couples Latte Factor”. Your […]

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Read the full article →