article thumbnail

Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

However, there is one crucial element that often goes overlooked in many entrepreneurs’ business plans: life insurance. Still, when it comes to safeguarding your family, your legacy and the very future of your business, life insurance becomes an indispensable tool. Life insurance is a key part of creating that future.

article thumbnail

Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

Markets and economic conditions change as well. Economic conditions might lead to greater inflation than expected. Instead of just buying 10 times your annual salary for life insurance, sit down and figure out what your really needs are. The market might not return what you expect each year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Not Being Properly Insured You are the wage-earner, the care-giver, the home-maker, whichever of these titles you hold. Make establishing an emergency fund a priority.

Money 235
article thumbnail

How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

There’s other major personal finance mistakes of course, including not starting a retirement plan in your twenties; not taking advantage of employer contributions and life insurance in retirement plans; not having a financial plan for the future. Always pay off the full amount and only use it for emergencies.

article thumbnail

Totally Money Blog Carnival #18 – 6 Ways to Save Money Edition

Prairie Eco-Thrifter

Since IJ is more a believer of Austrian school of economics, he would have to say a resounding yes. Tom presents What Is Term Life Insurance? Life insurance is important for everyone but it can be expensive. That is where term life insurance can be the most helpful.

article thumbnail

Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

The Skilled Investor , Editor Budgeting and Economics Little House presents The Five Tool Budgeter posted at Little House in the Valley , saying, “In baseball, a five-tool player is one who excels in some of the game’s major skills: fielding, base running, hitting for power, hitting for contact, and throwing ability.

Money 113