Life insurance is not an investment, it is a risk mitigation tool. While life is a bad investment in my opinion. Take the extra $2800 or so per month and invest it yourself and I have always bet that I can do better.
On Jan 14, 2017 10:44 AM, "Jeremy" <jeremysmi...@gmail.com> wrote: How did you get a $3,000,000 policy for $80 per month?? That must be term, right? I looked into a whole-life policy and $1,000,000 for me and $500,000 for my wife will set me back about $3,000 per month. On Fri, Jan 13, 2017 at 1:35 PM, Travis Johnson <t...@ida.net> wrote: > Hi, > > Back from when I started Microserv in 1997, we always had company health > insurance that was paid, for the entire family of every employee, 100% by > the company. > > We still do that today with my commercial property business. I have 5 > employees, and we pay the entire health, dental and vision insurance for > the employee and their entire family. Costs us $6,000/month for all 5. This > is a $500 deductible with $30 co-pay through Blue Cross. > > I also have a $3,000,000 life insurance policy that is $80/month that I > keep personally. > > Travis > > > On 1/13/2017 1:27 PM, ch...@wbmfg.com wrote: > > I get half that coverage for twice that amount. > > *From:* Lewis Bergman > *Sent:* Friday, January 13, 2017 1:07 PM > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT Slightly, Cost of Living > > My life insurance is term, $1,000,000 and cost me $65 a month. I am 52. > Health insurance for my family would be $1050 if I had kids on it and is an > HSA with a $6500 deductible per insured I think. > > Property is a drag if it isn't producing income. If it is it can be great, > or at least it has been for me. I can say I have anything to complain about > but I live even more spartan than you as far as accommodations. I think I > only own 2 rent houses that aren't nicer than the one I live in. > > One thing I think is important in a recurring revenue model is making sure > your pricing keeps pace with inflation. If you don't you make 10% less in 3 > years relatively speaking. > > On Fri, Jan 13, 2017 at 1:02 PM can...@believewireless.net < > p...@believewireless.net> wrote: > >> While starting my ISP, I lived very frugally. No paid TV, only made >> enough to pay bills and make dinner. >> Now, I'm reaping the rewards of putting all that money back into my >> company and taking a fat salary >> and still putting money back into the company. >> >> Compared to you, yes, I'm living "extravagantly" now. But if I average it >> out over the years, I'm still >> not making much on average. But, it's growing fast. Money does seem to go >> further for me and this >> ISP thing seems like an ATM with money constantly rolling in. >> >> I don't work as much as I used to and have tons of free time. But, that >> was by design and why I >> decided to get into the recurring revenue business. >> >> On Fri, Jan 13, 2017 at 1:23 PM, <ch...@wbmfg.com> wrote: >> >> God Bless freaking Obama Care! >> >> *From:* Sterling Jacobson >> *Sent:* Friday, January 13, 2017 11:12 AM >> *To:* af@afmug.com >> *Subject:* Re: [AFMUG] OT Slightly, Cost of Living >> >> >> I could literally buy two more houses on my cost of insurances alone. >> >> >> >> *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Chris Fabien >> *Sent:* Friday, January 13, 2017 11:05 AM >> *To:* af@afmug.com >> *Subject:* Re: [AFMUG] OT Slightly, Cost of Living >> >> >> >> Personally, I am afraid to add up what I spend on all our various >> insurance policies, business stuff and personal, because I am sure I'd have >> a heart attack... I think it's a large part of the strain. >> >> >> >> On Fri, Jan 13, 2017 at 12:57 PM, Sterling Jacobson <sterl...@avative.net> >> wrote: >> >> I'm guessing this information is like a lot of you out there. >> >> Except maybe my earnings because I am making about double median gross >> salary for my city. >> >> I'm not saying I work double, but I do fulfill many roles as the only >> salary employee of my startup ISP. >> I don't think I can replace myself for the same cost to the company, so I >> feel ok with that. >> >> I don't live extravagantly, but I do live comfortably. >> >> I have a 3100 sqr foot rambler I've lived in since 2001 with a house >> payment of around $1500 a month. >> >> But my biggest expense is health/insurance and medical. >> >> I now pay about $2100 a month for my family health insurance through IHC. >> I just signed up for a good Dental Gold plan at $100 a month for my >> family, but since it's not company I have to wait 6-12 months for a lot of >> the benefits :( >> The insurance deductibles are I think around $6000 a year and I have >> medications that eat up most of that. >> >> I just upped my life and disability insurance on myself and my wife to >> make sure things don't go bad if I die, that's around $550 a month. >> >> I think I spend about $1000 a month on eating, groceries and movies/date >> nights, at least that's what I came up to in December so that might be a >> bit off. >> >> I've got real estate I'm still trying to sell, but it's not the panica >> everyone says it is, lol! >> >> I just feel like finances don't go as far as they used to a few years ago. >> >> I'm not sparking a political debate, just wanted to see if everyone see >> things in a similar light? >> >> Or am I just doing the wrong things? >> >> >> >> >> > >
