Many people told me that they are covered by their employer. Thus they said that they don't need to buy insurance anymore. Even their family members are covered too they said. So nobody ever needs to buy insurance.
Is this statement true? I don't think so.
Let me tell you the good and bad things about company insurance.
The good thing:
1. It is usually free, given by the company.
The bad things:
1. It has a low coverage on the life coverage (usually covers only 2 years of your income).
2. It has a low coverage on the medical coverage (usually about $10,000).
3. It is not portable, meaning once you quit the company you cannot continue the coverage, even if you want to pay it on your own.
4. You can lose the coverage anytime. E.g. If you resign from the company, if the company sack you, if the company closed, etc.
5. It usually only covers your children until they are age 21. After that, no more coverage.
6. Worst of all is if you wait till you resign from the company to get your own insurance, you will be much older and your health may not be good anymore. You may not be able to buy insurance anymore. So you will be left with no coverage once you stop working. Not only that, even if you can buy, it will be expensive because of your age.
So now you know. Trust me, getting your own personal insurance is the best way. Just consider your company's coverage as a bonus. Don't make the same mistake as what many other people do.
Tell me, you will not work in a company until you die right?
Cheers! Have a great day.
Labels:
Finance
Dividend stocks
Stocks are confusing. Am I right? There are millions of companies out there selling their shares. Which one should you choose?
Again, it will depends on your time horizons, your risk appetites and your cash on hand.
Hopefully this article will give you more info and help you in your decisions in choosing some stocks. In particular, stocks that are paying quite high dividends almost every year. This means you are getting a regular flow of income from the dividends. Of course every type of stocks will have its own advantages and disadvantages. Read on the news article taken from Straits Times for more info.
Cheers! Have a great day.
Again, it will depends on your time horizons, your risk appetites and your cash on hand.
Hopefully this article will give you more info and help you in your decisions in choosing some stocks. In particular, stocks that are paying quite high dividends almost every year. This means you are getting a regular flow of income from the dividends. Of course every type of stocks will have its own advantages and disadvantages. Read on the news article taken from Straits Times for more info.
Cheers! Have a great day.
Labels:
Finance
Bonus!
Yes bonus time, the time that every working people look forward to, usually at the end of the year. Bonus is the most exciting part of working isn't it? I bet everyone is happy when they got a bonus. It proves that you have worked hard for the past year and you have done a good job, therefore you deserve the bonus.
Now, what should you do with your bonus? Everyone will surely have different answers.
So let's have a look at a news article taken from Straits Times. It will show you about what you should do with your bonus.
Summary of the article about what you should do with your bonus:
1. Minimize your debt.
2. Prepare for rainy days.
3. Build up an investment opportunity fund.
4. Invest.
5. Build up sugar daddy fund.
I think these are really great tips for everybody. Maybe you can try it too.
Cheers! Have a great day.
Now, what should you do with your bonus? Everyone will surely have different answers.
So let's have a look at a news article taken from Straits Times. It will show you about what you should do with your bonus.
Summary of the article about what you should do with your bonus:
1. Minimize your debt.
2. Prepare for rainy days.
3. Build up an investment opportunity fund.
4. Invest.
5. Build up sugar daddy fund.
I think these are really great tips for everybody. Maybe you can try it too.
Cheers! Have a great day.
Labels:
Finance
Stock vs Property
Hi guys, it's been a while since my last update because of the hectic schedule of preparing my wedding. But now everything is done! So I can get back to updating my blogs and hopefully everything that is available here will be of some use to you and improves your knowledge. Of course not only knowing, but doing it is more important.
So to start my update, I will just post a newspaper article, taken from Straits Times. To those who missed the article or have not had the chance to read, this will be a good time to start reading again.
Invest, invest and invest. I think many people know that investing is important. But because there are so many choices available out there, people are hesitating to invest. They will try to compare too many options and in the end they got confuse and never start at all.
This article will gives you information about stock vs property.
To me, at the end of the day, investing is about your needs, your risk appetites, your time horizon and how much cash you have.
Cheers! Have a great day.
So to start my update, I will just post a newspaper article, taken from Straits Times. To those who missed the article or have not had the chance to read, this will be a good time to start reading again.
Invest, invest and invest. I think many people know that investing is important. But because there are so many choices available out there, people are hesitating to invest. They will try to compare too many options and in the end they got confuse and never start at all.
This article will gives you information about stock vs property.
To me, at the end of the day, investing is about your needs, your risk appetites, your time horizon and how much cash you have.
Cheers! Have a great day.
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