- 15,319
Charlie Monger's 3 Rules for Career. What Insurance Products Do You Own?
- Thread starter entrep1776
- Start date
jimlorance
New Member
Excellent, probably the most important rules.
I own:
Homeowner
Auto
Term Life
Critical Illness
Health Insurance
I own:
Homeowner
Auto
Term Life
Critical Illness
Health Insurance
ktmorgan
Expert
FYI: Not that it matters to his thoughts or habits but...
Warren Buffett's partner at Berkshire is Charlie "Munger" not Monger.
BTW: I remember when I was in high school someone told that there was a stock trading on the NYSE that was over $1000. I couldn't believe it since that seemed like all the money in the world at time when minimum wage was like $1.95. Sure enough, we looked it up and it was $1200. Now almost 25 years later BRK.A is trading at over $268,000.
Lesson: To have true success in investing you really do have to play the "Long-Game." Of course to pick out one of most successful investments of time as an example is a prime case of "sample-selection bias," but the lesson of the long-game is still true.
Warren Buffett's partner at Berkshire is Charlie "Munger" not Monger.
BTW: I remember when I was in high school someone told that there was a stock trading on the NYSE that was over $1000. I couldn't believe it since that seemed like all the money in the world at time when minimum wage was like $1.95. Sure enough, we looked it up and it was $1200. Now almost 25 years later BRK.A is trading at over $268,000.
Lesson: To have true success in investing you really do have to play the "Long-Game." Of course to pick out one of most successful investments of time as an example is a prime case of "sample-selection bias," but the lesson of the long-game is still true.
- 11,519
Let's clarify #1. The American College Professional Pledge fits in here:
"In all my professional relationships, I pledge myself to the following rule of ethical conduct: I shall, in light of all conditions surrounding those I serve, which I shall make every conscientious effort to ascertain and understand, render that service which, in the same circumstances, I would apply to myself."
https://www.theamericancollege.edu/about-the-college/community-responsibility/code-of-ethics
Just because you sell something, doesn't mean it makes sense for YOU to own it, but it can make perfect sense for someone else - based on THEIR situation and circumstances.
Vasectomy.. Medical Ins.
Matt Spamer
Expert
- 63
Before or after the Lobotomy?
I'm single and make plenty as well, but you HAVE to have life insurance with FULL living benefits. I think it's especially important when you're single and don't have that second income to fall back on if you survive a major medical event, but can't work any longer. You do not want all of your savings eaten up because you were fortunate enough to survive a heart attack!
ifailedshapes
New Member
- 3
Please talk to an older, more experienced agent. You just described that you don't have a need for term, but you just outlined a great need for something permanent. I think a 10 Pay would be a great deal for you.
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