Once you annihilate your debt and start to accumulate assets, you will become a larger and larger legal target. The more you have, the more you could lose if you are found to be at fault for someone’s bodily injury or property damage. You need to protect your hard work and lifetime savings. The way to do […]
Archives for May 2017
Installing Smoke Detectors and Salting Your Sidewalk is not Enough. You Need Homeowner’s Insurance.
Owning a home is a big accomplishment and provides you with a degree of freedom. However, home ownership also exposes you to risk. There are two main reasons that owning a home is risky: You have a large chunk of your assets tied up in your home. If you were to lose your home from a fire […]
That 4000-pound Piece of Metal is a Weapon: Make Sure You’re Insured
Do you think you’re a good driver? Maybe you’ve never been in an accident. Maybe you’re ACTUALLY an Indy 500 driver. That’s great, but it turns out it doesn’t really matter how good of a driver you are. There are things out of your control, including forces of nature and OTHER people. Accidents can and WILL […]
So You Can Run a 5 minute Mile and Deadlift 300 pounds? You Still Need Health Insurance.
Healthcare is extremely expensive. In the United Sates, we spend nearly $10,000 per year per person on healthcare-related expenses. If you are healthy and have a robust emergency fund, you can self-insure against most routine office visits, medications, and minor elective procedures. However, unless you have an 8 figure net worth, you can NOT self insure […]
You’re Not Bulletproof: Plan for the Possibility of Becoming Disabled
In my work as a physician, I see a variety of unfortunate accidents and injuries. Just last week, I saw a young 30-year-old pilot who crashed his plane and is now quadriplegic. I also saw a heavy equipment operator who was crushed by a metal beam, resulting in a neurological injury with no use of his right […]
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