Insurance is an intangible that you buy and hope you never need. You buy it and see nothing tangible in exchange for your purchase. Not a fun or interesting purchase. In spite of the drawbacks, experience a catastrophe and if you are uninsured, your entire life can be ruined.
You’ve heard it before, the millionaires are not the folks riding around in Cadillacs and Porches but are those living in the modest home driving an older car. Hallam’s path to millionaire status was peppered with a cheapskate lifestyle for many years. This guy rode his bike 70 miles per day to work through rain and sleet.
For those looking for direction to build life and wealth skills, go outside of your family of origin to get role models that engage and excite you. Find mentors that are achieving what you are aspiring to.
Wealth has less to do with money and more to do with personal responsibility, risk taking, achievement, and determination.
I pepper my financial topics with values, life, and leisure and focus on “wealth in life”, which is not about money. Life is so much broader and richer than amassing dollars (euros, GB pounds etc.). So for today, I’m going to ramble about other things in that make life richer which have little to do with money.