|
|||
|
The activity: Grow your career by adding value. Your earning potential should be directly correlated to your value to the company you work for. If you have a job a good exercise to evaluate your worth to your employer is Continue reading Cash Flow: Improve Income and Expenses: Career Growth The activity: Consider the advantages and disadvantages of a 401(k) loan. Sometimes the true lender of last resort is ourselves. If you have a 401(k) or other retirement plan Continue reading Cash Flow: Improve Income and Expenses: Cash From a 401(K) Loan The activity: Consider the advantages and disadvantages of a life settlement. A life settlement, or senior settlement, as they are sometimes called, involves selling an existing life insurance policy to Continue reading Cash Flow: Improve Income and Expenses: Cash From a Life Settlement The activity: Consider the advantages and disadvantages of a reverse mortgage. What is a Reverse Mortgage? From the AARP website “A reverse mortgage is a special type of home loan that Continue reading Cash Flow: Improve Income and Expenses: Cash From a Reverse Mortgage The activity: Explore opportunities to follow your passion through self-employment. If you have a passion and an entrepreneurial spirit then you should consider the possibility of increasing your income Continue reading Cash Flow: Improve Income and Expenses: Self-Employment Opportunities to Follow Your Passion The activity: Reduce home energy costs. To save even more money on energy costs at home these are steps that can produce substantial savings: Add insulation to the attic. Make sure you have 10″ to 12″ of insulation between joists Continue reading Cash Flow: Improve Income and Expenses: Reduce Home Energy Costs (Part III) The activity: Protect your income and assets. This portion of the trek has activities to protect income and assets. Activities to Protect Income disability insurance Activities to Protect Assets health care insurance The activity: Ensure that you have adequate health care insurance. Few topics are as important, or controversial, as the topic of health care insurance. For some, health care insurance is a non-issue – their employer provides them with good Continue reading Cash Flow: Protect Income and Assets: Health Care Insurance The activity: If you need it, have adequate life insurance. You may not need insurance. If you have no dependents or spouse and don’t need an estate for any heirs then you probably don’t need insurance. Insurance is essentially Continue reading Cash Flow: Protect Income and Assets: Life Insurance The activity: Insure your property. If you own your home you need home insurance. If you rent your home you should have renter’s insurance. When you purchase your renter’s or homeowner’s insurance, it is important to shop around. You can Continue reading Cash Flow: Protect Income and Assets: Property Insurance The activity: Ensure that you have disability insurance to protect your cash flow. Disability insurance is a necessity during your working years. In fact, you are more likely to become disabled than die prior to retirement. If you Continue reading Cash Flow: Protect Income and Assets: Disability Insurance The activity: Plan your estate and take steps to leave a legacy. Estate planning is loaded with wealth-management pitfalls. The best way to care for your family if something happens to you is to put an estate plan Continue reading Cash Flow: Protect Income and Assets: Estate Planning The activity: Make a will to have a say on how you will give your assets to others when you die. A will is going to be how you tell people how you want your assets distributed when you die. If Continue reading Cash Flow: Protect Income and Assets: Make a Will The activity: Have an emergency cash fund to protect your cash flow during difficult financial times. An emergency cash fund is intended to help you through difficult financial times, such as a job loss or an unexpected expense. Continue reading Cash Flow: Protect Income and Assets: Have an Emergency Cash Fund The activity: Consider purchasing umbrella insurance. An umbrella policy is an extra layer of insurance that can pay for medical, court or other expenses you may need to pay after basic home and car insurance policies are exhausted. Coverage levels Continue reading Cash Flow: Protect Income and Assets: Umbrella Insurance -The activity: Buy long-term care insurance to protect net worth. It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way. One Continue reading Cash Flow: Protect Income and Assets: Long-Term Care Insurance |
|||
|
Copyright © 2012 Prosperity Concierge - All Rights Reserved
|
