I believe in the saying that says "Do not put your eggs in one basket". In the business language, it means diversification. When I started trading in the stock market, I set aside that particular amount for it from the savings that I deposited into my bank account over the years. I also invested in a short term insurance. One of the biggest insurance companies offered an easy on the pocket, 5 years paying period with a 10 year maturity term. I compared the ones offered from other insurance companies but I only got this because it's the only term insurance policy that I could afford.
And lo and behold without counting the number of years my term insurance matured and I received my return of investment. During the 80's, $1000 is already a huge amount. If I consider from the cents that I saved through the years.
Along those years, I never stopped and never got tired of collecting coins even now. It really helped me a lot more so when I started a family. Every penny counts!
I also started selling pre need plans and from the commission I earned I was able to buy two policies for my two kids for college. My selling pre need was only a part-time job for me.
If you ask me how I started? I attended seminars on insurance and pre need plans. I did not and don't always be convinced by an agent's explanation hook line and sinker. You've got to learn young.
And lo and behold without counting the number of years my term insurance matured and I received my return of investment. During the 80's, $1000 is already a huge amount. If I consider from the cents that I saved through the years.
Along those years, I never stopped and never got tired of collecting coins even now. It really helped me a lot more so when I started a family. Every penny counts!
I also started selling pre need plans and from the commission I earned I was able to buy two policies for my two kids for college. My selling pre need was only a part-time job for me.
If you ask me how I started? I attended seminars on insurance and pre need plans. I did not and don't always be convinced by an agent's explanation hook line and sinker. You've got to learn young.
No comments:
Post a Comment