Day 2 Day Personal Financial

02/20/2024

Scammers cane be very convincing even to financial professionals

I’m still trying to understand why I fell for it.

02/05/2024

This is a scary statistic. I don’t sell life insurance but I would recommend to obtain at least enough life insurance for your heirs to pay debt and taxes especially if you are the primary earner In the household

A study from Policygenius found that 46% of Americans expect to pass on debt to a spouse or child when they die, and of those people, more than 20% do not have life insurance. Myles Ma, certified personal financial counselor at Policygenius, said the results show

05/12/2023

“Many of us are living far longer than our grandparents due to lifestyle changes and medical advancements. You should make it a priority to develop strategies that assume your assets will outlast your life expectancy.” p 52-53, Peace of Mind for Money Matters

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05/05/2023

“To feel in control of your finances and gain confidence, it is important to know just a few basics. These are your numbers. As you work through gathering the information and putting pen to paper (or fingers to keyboard), you may be surprised. Your numbers will tell a story.” p 41, Peace of Mind for Money Matters

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04/28/2023

“If someone is presenting accidental insurance, ask if the payout drops when the insured turns 70. People are surprised to learn they have to continue paying the same amount but the benefit is cut in half when they turn 70.” p 32, Peace of Mind for Money Matters

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04/21/2023

“I would encourage you to only invest in what you understand. If a professional tells you that it is not necessary to understand the investment, walk away.” p 23, Peace of Mind for Money Matters

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04/14/2023

“Don’t feel bad if all the financial terms being thrown at you by advisors, family, or friends leave you scratching your head. It might seem overwhelming at first, but these numbers are easy to understand when you stop thinking about them as figures and start recognizing how they apply to your life.” pg 21, Peace of Mind for Money Matters

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04/07/2023

“People that could benefit from hiring a daily money manager are those who need assistance with paying bills, keeping up with mail, or organizing finances. If the financial caretaker within the family becomes ill, begins to have cognitive decline, has sight or writing difficulty, passes
away, or just becomes uninterested, this can be an extremely valuable service.” p 16, Peace of Mind for Money Matters

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03/31/2023

“The more you know before crisis hits, the less you’ll need to devote precious energy and brain space to finding things or figuring out where your money is coming or going.” pg 10, Peace of Mind for Money Matters

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03/24/2023

“At some point, it becomes a choice to stay in a place of comfort and security by allowing others to care for us, or to get wise and face fear with questions.” pg 9, Peace of Mind for Money Matters

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03/17/2023

“We must start by building a foundation of knowledge so that we are armed for the future. Knowledge is powerful.” pg 5, Peace of Mind for Money Matters

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03/10/2023

“By being willing to learn, I became empowered in my own financial situation.” pg 3, Peace of Mind for Money Matters

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