September 25, 2014
Before I passed any judgment, I wanted to hear more about his rationale as to why he only had the $10,000. He said that he figured the $10,000 would be enough to bury him so that his kids wouldn’t have to worry about paying for a funeral.
That’s fair, but what about your house? What about your kids’ college? What about your wife trying to take care of raising your young kids? Don’t you think that losing your income would have an impact on her and how she would raise your children? I tried to press that a little bit, but not to the point of making him feel that he was stupid. Truth be told, I kind of thought he was, but I still like him.
April 25, 2013
Everyone knows that sinking feeling when you realize that you forgot to take care of an important item. It could be something as minor as forgetting to set the DVR for your favorite reality TV show. Or it could be something major such as leaving the house with a pot of boiling water on the […]
January 25, 2013
It all started to sink in when I was in college. My dad kept telling me how he was having his house reappraised. At first I didn’t get it. And then it finally clicked. The reason for his reappraisals was so that his home could be valued more and he then could borrow more against […]
October 16, 2012
The reality is that over two-thirds of those who do have life insurance are paying less than $100 a month to have it, and just under half are paying less than $50 a month.
September 21, 2012
I pulled a few of my personal-finance colleagues aside to ask their thoughts about why life insurance is important.