Lower More Home Energy Costs

This is activity 21 of 35 in the Special Situations in Prosperity Quadrant IV trek.

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 in your
unfinished attic floor.
If you have a pull-down door to the attic use an attic tent made of
fabric-covered insulation that allows you to

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Special Situations: Live Within Your Means: Reduce College Education Costs

This is activity 22 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Reduce college education costs.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
This activity suitable for: Families that have someone in college or planning for future college expenses.
Difficulty rating: Moderate to Difficult

College costs are rising, student debt is mounting,

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Special Situations: Live Within Your Means: Cash From a 401(K) Loan

This is activity 23 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Consider the advantages and disadvantages of a 401(k) loan.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Easy to Moderate

Sometimes the true lender of last resort is ourselves. If

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Special Situations: Live Within Your Means: Cash From a Life Settlement

This is activity 24 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Consider the advantages and disadvantages of a life settlement.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate

A life settlement, or senior settlement, as they are sometimes called, involves

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Special Situations: Live Within Your Means: Cash From a Reverse Mortgage

This is activity 25 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Consider the advantages and disadvantages of a reverse mortgage.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate

What is a Reverse Mortgage?

From the AARP website “A reverse mortgage is

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Special Situations: Live Within Your Means: Self-Employment Opportunities to Follow Your Passion

This is activity 26 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Explore opportunities to follow your passion through self-employment.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
This activity suitable for: People that have a passion and entrepreneurial spirit.
Difficulty rating: Moderate

If you have a passion and an entrepreneurial spirit then you should

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Special Situations: Protect: Health Care Insurance

This is activity 27 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Ensure that you have adequate health care insurance.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate

Few topics are as important, or controversial, as the topic of health care insurance.

For some, health care insurance is a non-issue

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Special Situations: Protect: Life Insurance

This is activity 28 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: If you need it, have adequate life insurance.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate

You may not need insurance. If you have no dependents or spouse and don’t need an estate for any heirs then

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Special Situations: Protect: Property Insurance

This is activity 29 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Insure your property.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate

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

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Get Disability Insurance

This is activity 30 of 35 in the Special Situations in Prosperity Quadrant IV trek.

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 become disabled your income and cash flow are in jeopardy unless you have disability insurance.

Many employers provide disability insurance as a benefit. If your employer offers disability

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Special Situations: Protect: Estate Planning

This is activity 31 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Plan your estate and take steps to leave a legacy.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate

Estate planning is loaded with wealth-management pitfalls. The best way to care for your family if something happens to

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Special Situations: Protect: Make a Will

This is activity 32 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Make a will to have a say on how you will give your assets to others when you die.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate

A will is going to be how you tell people how you want

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Special Situations: Protect Income and Assets: Have an Emergency Cash Fund

This is activity 33 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Have an emergency cash fund to protect your cash flow during difficult financial times.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to moderate

An emergency cash fund is intended to help you through difficult financial times, such as

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Special Situations: Protect: Long-Term Care Insurance

This is activity 34 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Buy long-term care insurance to protect net worth.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate

It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number

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Special Situations: Protect Income and Assets: Umbrella Insurance

This is activity 35 of 35 in the Special Situations in Prosperity Quadrant IV trek.

The activity: Consider purchasing umbrella insurance.
The trek: Improve cash flow and use net worth to supplement income.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate

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

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