THE THING
Here’s the Thing! What if you had a money machine that made you a certain amount of money every month? Let’s say this money machine was in your garage and every month it made and spat out a fixed amount of money. Would you try everything to protect this machine from theft or damage? Would you have this machine insured?
Real Men understand that they are the money machines. If the money machine should break, they need to insure against this possibility. It is for this reason that they take out insurance policies on themselves for the unlikely, but possible event that will cause their loved ones to suffer as a result of the missing income. If you and your wife are the money machines, it follows that both of you should in some way insure the flow of cash, should either of you be unable to make the money.
Real Men believe in life insurance, income protection, dread disease and disability cover. I sound like an insurance salesman now. Real Men look into the future and they take out a retirement plan when they are young, to ensure the maximum return for them when their money machine is too old to work anymore.
Real Men plan, they protect, and they have a backup plan.
THE REWARD
You have the peace of mind in knowing that you and your income are protected.
The reward is knowing that you have money put aside for a rainy day and trust me that rainy day and those storms will happen. If by some miracle they don’t happen, you have spare cash to do with what you want.
THE HOW TO
- Go now and sign a debit order against your account putting at least 10% into some form of savings account.
- Take another 10% and take out some kind of insurance plan that covers you in the case of death or even worse disability.
- Contact an insurance broker today and make sure you are covered for disability, dreaded diseases and some form of life cover.
- Ask for a retirement vehicle and divide the 2nd 10% between cover and retirement. The younger you start, the cheaper it is and if you are already in your 30’s or older you had better get this stuff ASAP.
- Once you have the savings habit down, you can start to protect yourself by getting money to work for you. You do this by investing.
- Look at companies you admire and respect or who have products or services that mankind needs in order to survive, and buy their shares.
- Investing is generally a long-term exercise so don’t expect immediate gratification.
- There are literally thousands of financial advisers and insurance brokers who will gladly assist you in this regard. May I suggest seeking the services of someone via word of mouth? Ask someone you trust for a recommendation, suss him or her out and make up your own mind.
- Never give these people access to your banking account and never give them power of attorney.
- The Best Investment You Will Ever Make.
Invest in your money machine. In other words, invest in yourself and your education. Improve your skills, both professional and social. If you are the money machine, it makes sense to keep upgrading your software. The better the machine operates, the more it is in tune with modern day business practices and commercial endeavours, the better the machine will operate and the more cash it will generate.The average man spends more money on toilet paper every month than he does on improving his mind. When was the last time you took a course, or went on a programme, to improve – you?Best insurance and investment you can make is in yourself. Start today. Enrol for that course, go on that programme, start that degree, it is never too late.
TROUBLE SHOOTING
- I can’t afford to do this?
As I have already said, if you were forced to, you would make a plan. The real question is, can you afford not to? It’s never too early or too late to start.
WISDOM
“Invest in yourself first, expect nothing from anyone and be willing to work for everything.” – Tony Gaskins