Financial Planning
You’ve Lost Your Job! Now What?
So you have lost your job and you life has suddenly changed. You may be in a state of shock and disbelief, confused or just plain scared of what the future will hold. Despite your feelings, you need to move on as quickly as possible and deal with the hand you’ve been dealt.
Should I Buy Insurance?
Yesterday I wrote about the emergency fund as a self funded insurance policy that is intended to cover the risk of a short term cash crisis or temporary loss of employment. However, for many people self funded insurance is not reasonable in all circumstances and it necessary to use the services of an insurance company. There are many different types of insurance in the market that is designed to cover different types of risks. But how do you decide what to insure?
Emergency Funds: Cash vs. Credit
I’ve always viewed the emergency fund as a self funded insurance policy designed to protect me and my family from unexpected expenses or to cover me for a period of time should my employment be interrupted. The only real differences between risk based policies sold by insurance companies and a self funded policy is that with self funded policies your premiums stop once your policy is fully funded, your premiums are not jacked sky high if you make a claim, and your funds are accessible at any time for any reason. Like any insurance policy you expect to access the funds when an event triggers the policy to pay out and with a self funded policy you must ensure that you can get access to your funds in a reasonable period of time.
Mortgage Update May 2008
I thought that since I promoted a method of paying down my mortgage faster I should give regular updates on my progress.
Deciding Which Job Offer To Take
I’ve been considering a new position at my company but have had some reservations. In my current role, I hold an executive position and have responsibility for a specialized team. Because this position is an executive position, I am privy to information provided to other managers at the most senior levels and have some of the perks available to executives. However, my position does not provide the best compensation and I am the lowest paid executive in senior management.
