In our on going series on showing you the value of Life Insurance, our Wednesday columnist Ge Cantor, shows us the value of protecting ourselves above and beyond than us just paying ourselves first and investing. Our goal is to save a portion of our income, invest some but also add a certain portion to protect ourselves. Investments are our offense while Insurance is our defense when it comes to our finances.
Enjoy!
Do you remember Michael Jackson’s P.Y.T. (Pretty Young Thing) song? Why not check it out, turn up the volume and groove into the music while reading this article…
Most of us have heard of the phrase “pay yourself first” which means saving a portion of your salary before spending the rest. This is indeed a good money habit that helps you build wealth.
May I suggest another good money habit which is PYT or “protect yourself too.” This is especially applicable to the family’s breadwinner or as Merriam-Webster dictionary defines it as the person who earns money to support the family.
“Protecting yourself too” is like “paying yourself first” in the sense that you prioritize setting aside a part of your income for your life insurance protection. The protection covers the “what ifs” in life such as untimely death, disability, accident and critical or major illnesses.
In reality, most people wait until they have enough “disposable” funds before they protect themselves. Sadly, by the time they decide that they are ready, they are either too old or have major health issues.
However, for some people who have definite “financial goals” for themselves and their families, they appreciate and believe in the value of paying yourself first and protecting yourself too!
———————————————————————————————————————————————-
Gerald “Ge” Cantor’s mission is to help Filipinos save and invest for their future while protecting themselves and their families for the present. Ge is a Financial Adviser of Pru Life UK, a Financial Planning Advocate of Personal Finance Advisers Philippines Corporation, a Registered Financial Planner graduate, a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA).
——————————————————————————————————————————
My 2nd book Stock Smarts: Winning Strategies is now out! Click the Link to Register and Order.
If you’d like to learn more how to invest in the stock market and learn how to make your money work hard for you. I’d like to invite you to our upcoming events
- February 18th Stocks vs Forex
- February 26th Fundamental Analysis: How to pick good stocks and avoid bad ones (Evening Session)
- February 28th Money Management and Stock Smarts Thailand 2015
- March 6th Stock Smarts UAE: Firm Foundation – Day 1
- March 7th Stock Smarts UAE: Technical Analysis – Day 2
- March 8th Stock Smarts UAE: Pro – Day 3
- March 20th Stock Smarts Singapore 2015 (Basic) – Day 1
- March 21st Stock Smarts Singapore 2015 [Day 2] : Technical Analysis
- March 22nd Stock Smarts Singapore 2015 [New Topics] : Portfolio Mangement, Market Outlook and Fundamental Analysis
For inquiries, registration, and payments email: stocksmartsconsulting@gmail.com
*Photos via google search
