AIA Chiangmai

An “activist” is someone, who, seeing a need for change or improvement, becomes involved in promoting that change or improvement.

I suppose that makes me an activist, of sorts.

More than thirty years ago my heart hatched a dream. I wanted to travel a path that would help me to become financially independent. But I did not stay the course. I did not continue to search, research, act and follow through.

So here I am. One of the typical statistics of the general population of the nation. I have virtually no savings and very little put away into a retirement vehicle.

But it is not too late. It is never too late. And I am still determined to make a better future for myself. The difference is, I have actually begun. I have a plan for my future success and my future prosperity.

We have a “term” life insurance policy in place to cover our immediate needs if we died, and we have opened some tax advantaged retirement programs.

My current job has had a retirement program available for a long time. They offer to put in 2% of my gross pay check if I will put in 3% of the same pay check.

Think of it.

If I contribute $150, the company adds $100. Then I have it invested in a mutual fund with a track record of about 10%. At the end of the year, using simple numbers for illustration, I will have put away $1800, the company will have added $1200, and the interest would have contributed about $300. We have a total of $3300. The return on my investment of $1800 has been over 83%!! Would you like an 83% return? Check into it. Ask about employer matching funds investments for retirement.

We are also putting into place a Roth IRA, a short-term savings plan, and a long-term savings plan. These are all in mutual funds, where we can not only get the greatest growth, but have access to our savings, when needed, as well.

Everyone has the right to aspire to live well and retire properly. One of the saddest tales of financial failure are found in the lives of those who, having had the best of intentions, ended up doing nothing at all.

Take matters into your own hands. Make your own choices for a better future. You are fighting the war on poverty terror, and financial freedom isn’t free.

You must choose to pay the price. A few dollars today will grow to secure peace of mind tomorrow. But you must make that choice to begin right away. Compound interest works it’s best magic when given the most time to perform.

Purchase “term” insurance to cover your current potential needs now, then invest in mutual funds to control and secure your future.

Do not risk becoming one of the faceless casualties of financial unprepared ness. The real risk is in doing nothing at all.

A devastating risk.

Bob Curtis has a bachelor’s degree in Psychology, and has been writing about the elements of relationships for a number of years. He is the manager of the Essential Sunshine Association, a new website for positive relationship development at http://www.essun.blogspot.com

Tags: difference, dream, financially independent, future, heart, never too late, retirement, term life insurancedifference, dream, financially independent, future, heart, never too late, retirement, term life insurance

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While most of us do not like to think of the subject of our own death, the fact of the matter is that death is a part of life and in order to protect our families we need to give some thought to the subject of life insurance. The more you understand about life insurance the better you can prepare not only for your final expenses and protect your family.

First, understand there are different types of life insurance. The type that is best for you will depend on a variety of factors including your current age and health condition. The two major types of life insurance policies that you need to concern yourself with are term life insurance and permanent life insurance.

Term life insurance provides coverage for a specified period of time. This type of coverage will usually be less expensive than permanent life insurance. Policy periods are usually divided up into easy periods such as one, ten or twenty years. In the event you die within that time period, the death benefit will be paid to your beneficiaries. On the other hand, if you should reach the end of the time period and you are still alive your protection will end unless you elect to renew the policy. The option of building up cash value is not available with this type of insurance policy.

Individuals who only need temporary life insurance and those who need a large amount of coverage but who can’t afford to spend a lot benefit from this type of policy the most.

Permanent life insurance is designed to provide coverage for the duration of your life, although in some cases, the policy may be limited up until a specific age. When you reach that age, the cash value of the policy will be paid to you. Because you are building a cash value with permanent life insurance you can also withdraw from the policy in order to pay for important expenses such as education or home improvement costs. Another major advantage to permanent life insurance is that it allows you to build up cash value that is tax-deferred. This generally only applies while the policy is in force; however.

There are two divisions of permanent life insurance; whole life and universal life. A whole life policy will pay dividends under certain circumstances and also has the advantage of premiums that do not fluctuate.

With a universal life insurance the premium payments can be changed by the owner of the policy. This type of flexibility can be advantageous when you have a life changing event.

Permanent life insurance works well for individuals who are interested in long term insurance and who like the idea of building up cash value with their policy they can use to meet future needs. It is important to recognize this type of insurance is more expensive than term insurance. It should also be noted that if you take out a loan against your policy, your death benefit will be reduced.

Joe Kenny writes for the Loans Store offering cheap loans and offer more information on car loans and other loan topics available on site.
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