Formulate a Financial Plan

Know Your Net Worth

Manage & Minimize Debt

Accumulate Assets

Budget to Live Within Your Means

Understand Investing Basics

Plan for Retirement

Insure People & Property

Deal with Financial Advisors

Review Your Employment Contract

Make Plans for Your Estate

Make Good Decisions


When it comes to insurance, there’s a lot to know. The key is to get just the coverage we need and avoid paying for unnecessary frills.

Some final thoughts:

  • Get multiple quotes from independent sources who are not beholden to one specific company’s products
  • Only consider policies from reputable companies with a good track record
  • Shop around. Your coverage may be in effect for decades. A small annual price difference may seem trivial but over decades those small amounts add up
  • As your wealth increases, consider reducing your life and disability insurance coverage
  • Insurance may seem like an unnecessary expense for something you’re unlikely to need—until you need it!

Some older consumers look back and say, “I paid for life, disability, and property and casualty insurance for decades. I never used any of it. It was all a waste of money.”

 You may not use all of the insurance purchased in your lifetime, but since you don’t know in advance whether any will be needed, and since the downside can be devastating to your family or business, it’s highly advisable to obtain appropriate coverage.

The alternative, should disaster strike, is that one or more of your Pillars of Wealth may be severely compromised, leaving you or your loved ones exposed.