Should you buy life insurance for children? No. Never. Forget it. Bad idea. Life insurance is a tool to protect your family. There are two ways this tool helps your family. 1. Protecting You from Estate Tax This is what whole life and universal life are for (and these insurances are ONLY for that purpose). […]
Do You Need a Disability Insurance Policy? Maybe Not.
You may be pleasantly surprised to learn that the odds of needing employee disability insurance are much lower than you previously thought. This is the case if you work for someone or work for yourself. Disability insurance replaces a portion of your income if you are unable to work. Usually, it pays up to 60% […]
How to Become an Independent Contractor
If you are wondering how to become an independent contractor, I can already tell that you are a pretty smart cookie. If you are looking for full-time work or just a second job, you’ll likely find it easier to get hired as an independent contractor rather than as an employee. Why? Because it’s much less […]
How to Collect Debt Quickly
Let’s say you have a “friend” who is very good at borrowing money but not very good at paying it back. The question becomes how to collect debt owed to you quickly. That’s where small claims court comes in. You can use the court to get a judgment and then collect your cash. I started […]
Life Insurance Beneficiary — Who Should It Be?
Selecting the right life insurance beneficiary isn’t a game of playing favorites. You need to do some smart planning in order to maximize the benefit to your family and thereby minimize the tax bite the government takes. The last thing you want to do is give all the loot to one person and force the […]
7 Proven Credit Builders
Having a solid credit score is a great way to entice lenders to do business with you at reasonable rates. It doesn’t matter if you have a good credit score and want a great one, or you have experienced some financial setbacks and want to get back on track. Here are 7 easy credit builders […]