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Originally Posted by Mike33
One thing many people forget is that when you're older sometimes 1) you don't want to work any longer 2) you cannot work any longer due to health reasons.
Even as a young man, imagine falling and breaking your hand. It would make working on the computer so much harder and therefore affect your ability to work and earn money.
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not if you take out a dissability policy. I have one, doesn't cost that much because of the type of business we are in, sitting at a PC is not a high risk injury job. I pay a couple hundred a month and if i ever get in a car accident, or whatever and i am left with perminate injuries i collect over 100K a year for a long long time. BEst part is it doesn't mater if you income decreases in the future you lock it in. So i can make 20K next year working at McDonalds and have a fryer accident and can't work no more and they still pay me my 100K+ a year as long as i kept making my payments...
your biggest asset it you! do you protect that?
You likely spend more on car insurance a month to protect a 30K car for replacement value, so why not spend less then that to protect your income, for life ? Makes no sense how someone could not have this... a car accident, amoung other things, can happen at any time.