?Insurance is the magic conversion of money! ✨
Buying insurance is actually dealing with unknown risks, and these risks are closely related to cash flow?! Let’s take a look at a few examples~
? life insurance: Lao Wang is gone and his income is gone, but life insurance helps him make up for it. On the surface, it seems to be protecting life, but in fact, it is protecting income!
? Critical illness insurance: Lao Wang is seriously ill and his income is gone. What should we do? Critical illness insurance is here to help make up for it. It may seem like it’s protecting your health, but it’s actually protecting your income!
? medical insurance: Lao Wang has to spend a lot of money to see a doctor. On the surface, it is to cover the disease, but in fact, it is to cover the expenses incurred by the doctor!
? Accident insurance: It seems like it covers accidents, but it actually covers loss of income or increase in expenses caused by accidents!
? Financial insurance: To cope with the loss of income or actual increase in expenses caused by future interest rate drops or inflation!
?Think about it carefully, what insurance actually protects is not people, but money! So how should we allocate the money in our hands?
Can be divided into 4 accounts?!
? money to spend: Accounting for 10%, which is about 3-6 months of living expenses, used for daily consumption, favors, basic household expenses such as food, clothing, housing and transportation?
? Money to save your life: Accounting for 20%, it is used for the family protection plan, buying insurance, and coping with sudden large family expenses, such as accidents, critical illness, etc., using small things to make a big difference, and using special funds for special purposes?!
? money to make money: Accounting for 30%, it is used for various investments, such as real estate, stocks, funds, jewelry, etc., but be aware that there are risks in investment?!
? Capital preservation and appreciation money: Accounting for 40%, used for pension, children’s education, etc., such as bonds, trusts, dividend insurance, etc. Want to ensure the safety of principal, stable and continuous growth of income?!
?So, insurance is just one of the tools we use to manage money. If we use it well, it can provide a solid guarantee for our lives and protect the bottom line of our lives?!
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