From the course: Build Sustainable Wealth and Get Out of Debt
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Excel by investing in life insurance
From the course: Build Sustainable Wealth and Get Out of Debt
Excel by investing in life insurance
- Another component to remember is protection. Protection was the first step to building sustainable wealth. So it's really important to remember even while you're working to pay off your debts that one of the things you need to afford is life insurance. Think about it. If something happens to you, how will your debt paid off? If you are married or have dependents, you don't want to leave your spouse and family, trying to pay off debt without you. As you, you already know, paying down debt is challenging. Now just think about how much more difficult it would be without you. The loss of a loved one is bad enough. You more than likely want to leave your family not only with the means to pay off the debt, but with additional financial provision to continue to meet their expenses without you. It will at least ease the financial difficulty of the loss they will suffer. With life insurance, you can secure the ability to do this,…
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