09/10/2021
IT'S LIFE INSURANCE AWARENESS MONTH!
How much life insurance should you have? The answer is that it’s different for everyone, based on your situation.
However, as a rule of thumb, we recommend you consider having life insurance coverage that’s at least 10X your annual family income.
➡️ If you earn $100,00/year, you should consider $1,000,000 in coverage.
➡️ If you earn $50,000/year, you should consider $500,000 in coverage. At a conservative 5% rate of return, that would replace half of your income.
In the war for your money, there are 2 essential tools you’ll need to win. We know that the best starting point for everyone is to combine a financial education with a financial professional.
Treat your finances with the level of dedication you put into your health. Google things, ask questions… but then turn to someone you trust that does this for a living.
Start by reading the book HowMoneyWorks to educate yourself!
The knowledge you will gain from this book will help protect you from being a sucker ever again. Message me for a copy!
➩ Learn more from the book or go to https://howmoneyworks.com/francisconunez/book