It is going to be up to you to learn how to identify bad sources of financial information. Today with the bookstore, the Internet, and TV bombarding you with different advertisements all about money, is very difficult to identify which source of information is reliable and which is not. Learning the difference between the two can and will save you lots and lots of money over your lifetime.
There have been many different books written about how to save money, make money, in which insurance is the best by. I will not name names, but there are some books that advise you to only purchase disability insurance if you are in bad health. If you think about this for a minute, it makes sense. You would probably ask yourself, why would I want to spend money on insurance if I don’t have to? There is one part that you did not think about and probably missed.
What insurance company is going to issue you a disability policy when you are unhealthy or injured? I personally do not think insurance companies are in business to help people, they are in business to make money. If you look at it from a business standpoint, how much money will an insurance company make if they issue an already disabled person a disability policy? This does not make sense and is not good business practice.
When it comes to investing in the stock market, there are hundreds, if not thousands of different options out there. People are on the radio, television, and the Internet screaming about how you can make wonderful returns if you go with them. Which do you choose?
With so many different options, a good place to start might be asking your friends. You also need to sit down and ask yourself, what kind of returns do I want? Do I want five or 10% annually? Am I willing to put up more risk to earn 20 or 30% per year? Your returns in the stock market are endless and are only limited to what you choose. Some people can tolerate risk more then others, this is where you must be honest with yourself and who you are. Money is not worth losing sleep over each and every night here it
When it comes to the stock market, any and everything is possible. You may be much more likely to get a steady five or 10% return on your money each year, but there are people that make full-time incomes and see returns much more than 300% per year. Many of these people can prove their returns. You must decide what is right for you and your money. Take some time to research everything from insurance to investing in the market. If you want to make sure your money is safe, you will not leave this to chance.