Financial House
This insurance is temporary.
What is term insurance?
A pool of investments brought together with the expectation of profit where the investor is investing in 100-250+ companies at the same time.
What is a Mutual Fund?
You need more life insurance coverage earlier in life due to responsibilities, but you need more money later in life due to quality of living.
What is Theory of Decreasing Responsibilty.
You should have 3-6 months of your living expenses saved here?
What is an E-fund/Emergency Fund?
This life insurance is has a face amount and a cash value component.
What is Cash Value Life Insurance?
The 3 fundamental accounts.
What are 1)E-fund 2)Short Term Account 3)Retirement/Wealth Building Account?
Divide the # 72 by the given interest rate to identify the approximate # of yrs will take for your money to double.
What is Rule of 72?
It's impossible to invest if you haven't done this yet.
What is Debt Resolution?
1. Keeps all of your money for the first 2-5 years.
2. Gives you 1-4% ROR on the CV account.
3. Charges you 6-8% to borrow your own money.
4. Can make you wait up to 6 months to get your money.
5. Possibly Keep the return on the money when you die.
What is Plan A?
Investing all of your money in one company in hopes that the company appreciates in value. If they do, you get paid.
What is a stock?
When you take your money to bank, the bank invests in the global economy, keeps the rate of return and gives you back pennies. We teach you how to do for yourself what they don't teach you about.
What is Bypassing the Middleman?
You last wishes are prepared here.
What is your Will? Medical & Advanced Directives?
The theory that says: Your life insurance and your investments are totally separate.
What is "Buy Term & Invest the Difference"?
Invest the same amount of money consistently over a continuous time period regardless of market conditions.
What is DCA/Dollar Cost Averaging?
Comparing CV to Term insurance can broken down into 5 easy points.
What is Plan A vs. Plan B?
The roof of our house is the culmination.
What are our Goals & Dreams?
This type of CV has a guaranteed lapse date.
What is Universal Life Insurance?
You pay taxes on this portion of the gains while investing.
What is Interest?
A financial portfolio consists of different levels, including a foundation and roof.
What is a Financial House?