Wealth Hazards

Whoever said "having insurance is an investment, not an expense" must not have minded writing a check every month for auto, home, life, health, long-term care, and disability insurance premiums.  We'd like to believe that all the money we pay toward premiums is an "investment", but it's difficult to maintain that belief after a quick calculation of our investment in auto insurance, for example.  According to the National Association of Insurance Commissioners (NAIC), the average annual cost of combined auto insurance for autos is $ 937.  So over a twenty-year period you can expect to spend $18,740 and in return get a really nice calendar each year from your insurance company. 

We think we’ve identified three critical factors that determine how successfully an individual will withstand the effects of a wealth hazard that they've encountered.  Many people will find this approach useful in their attempt to deal with these difficult times.  The three factors are how to Avoid, Manage, and Recover from the effects of a wealth hazard.  

Please explore our website and our new book and contact us via Ask a Question if you have any comments, questions or concerns.