Financial Planning for Young People - Add your thoughts

[AlexMerced]

[oyarde]

Alright , Alex , do I have to watch the video ? or do you have something I can just read

[AlexMerced]

Alright , Alex , do I have to watch the video ? or do you have something I can just read

I haven't typed anything yet, I suck at proofreading or avoiding run-on sentences so videos helps cut through the clutter. When I write people just forget the content and begin getting all hyper about my page long sentences .

But the basic idea is:

- Same 6 months expenses (to protect you in the short term)
- Get a Whole Life Policy and Disability Insurance (to protect you in the long term)
- Then take all the risk you want in the market with the rest.

With those who worry about the dollar, the savings and insurance policies can be bought abroad denominated in other currencies

[thoughtomator]

Financial planning for young males:

1) Don't get married
2) Don't get anyone pregnant

[oyarde]

I haven't typed anything yet, I suck at proofreading or avoiding run-on sentences so videos helps cut through the clutter. When I write people just forget the content and begin getting all hyper about my page long sentences .

But the basic idea is:

- Same 6 months expenses (to protect you in the short term)
- Get a Whole Life Policy and Disability Insurance (to protect you in the long term)
- Then take all the risk you want in the market with the rest.

With those who worry about the dollar, the savings and insurance policies can be bought abroad denominated in other currencies

I can see why people would worry about the currencies ....

[AlexMerced]

I can see why people would worry about the currencies ....

of course, doesn't mean you shouldn't have some savings incase you find youself suddenly unemployed and a life insurance policy if you suddenly find your self dead.

[onlyrp]

Financial planning for young males:

1) Don't get married
2) Don't get anyone pregnant

Very good advice. That literally saves you hundreds a month in the next 10 years, hundreds of thousands in the next 30.

[oyarde]

of course, doesn't mean you shouldn't have some savings incase you find youself suddenly unemployed and a life insurance policy if you suddenly find your self dead.

I carry 121k in life ins , 5k off it expires when I reach 65 , the rest pays if " I suddenly find myself dead " , By the way Alex , thanks , that was a bummer trying to picture that

[oyarde]

of course, doesn't mean you shouldn't have some savings incase you find youself suddenly unemployed and a life insurance policy if you suddenly find your self dead.

I keep a stash of 4k specifically , and only to be touched if I was to lose my job. I have a little silver and a very few , very valuable coins I can unload at my local coin dealer for near ask price too , if I absolutely had to. I carry an extra couple of bucks a month on my house insurance for full replacement value in case of theft on my tools , weapons and coins . Remember this , even ten bucks a week into a savings account adds up year to year nicely.

[oyarde]

I haven't typed anything yet, I suck at proofreading or avoiding run-on sentences so videos helps cut through the clutter. When I write people just forget the content and begin getting all hyper about my page long sentences .

But the basic idea is:

- Same 6 months expenses (to protect you in the short term)
- Get a Whole Life Policy and Disability Insurance (to protect you in the long term)
- Then take all the risk you want in the market with the rest.

With those who worry about the dollar, the savings and insurance policies can be bought abroad denominated in other currencies

I forgot , I have carried a disabilty policy that pays 65 % of my gross for the past 22 years , I see you have that . I would be a little concerned about buying a life policy abroad without going through the whole thing and figuring out all the legalities .