This week introduced the topics of disability insurance, critical illness insurance, and a little life advice about selfish behaviour and how to address it.
Gail continued the discussion on insurance policies this week and introduced disability insurance. Gail emphasized this week again that we should buy insurance, not be sold insurance. In other words, make sure that you are not just getting sold on a product, but that you are intentionally buying something that fills a need for you.
Another option is critical illness coverage, though Gail does say not to have both critical illness and disability insurance at the same time.
Last week ended with the topic of fear. This week is ended with selfishness. While these topics are in the context of personal finances for the Money Master Class, I really do feel like they are good to contemplate for all aspects of life.
One of the stand out tweets from this section for me was this one:
“It is NOT selfish to put your needs before another’s wants. It IS SELFISH to put your wants before your lovie’s needs.”
If someone is used to being on the negative receiving end of someone else’s selfish behaviour, it can feel like putting needs before wants is selfish. But it is not. It is so important to take care of your needs so that you are equipped to take care of someone’s wants.
T.O. Real Estate Summit, July 20 – 23, 2020
Just including this tweet that Gail promoted in case anyone was interested. I always trust Gail’s advice, so am happy to direct people to her resources.
The last two weeks we’ve been talking about different types of insurance policies. What have you learned from the discussion?
New to the Money Master Class? There’s still time to get started!
Check out this Twitter Archive to see all of Gail Vaz-Oxlade’s #MoneyMasterClass tweets from the start.
Find the resources, spreadsheets, and quizzes here: Money Master Class
Check out my weekly recaps to get caught up.
Start here with the Money Master Class Intro and Week One Recap
Check out Gail Vaz Oxlade’s books here:*
*This is an affiliate link. As an Amazon Associate I earn from qualifying purchases however I only recommend products that I have purchased and use myself! Clicking an affiliate link does not cost you anything, but allows us to earn a small commission.