GET CURIOUS- WITH YOUR FINANCES!

I'll tell you why it's very important!!!!

If you don't know, You Pay!

2 resources we don't have a lot of: Time and Money

When I was about I'll say 24 years old (long long, long long time ago like the late Great Bernie Mac would say!) I was sitting at home and a guy comes knocking on my door. He introduces himself as a life insurance agent. And I'm like ok- the suit makes sense. He was mid to Late Age. Caucasian Ethnicity. Your typical life insurance agent. Well back then that was my typical imagination of a Life Insurance Agent in my head. Anyway, he asked me if I would be interested in getting life insurance. I decided to listen to what he had to say. But on the other hand thinking to myself. Ok SIR! I'm just about to cook so, hurryup! lol.

Ok, ok, blah, blah..."How much is this going to cost me?" That's everyone's typical response or thought, right.

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COMMERCIAL BREAK: As a life insurance agent I'm going to ask you something very important-

When we are attempting to book a consultation WITH YOU. Please STOP just wanting to know the COST? Please stop DOING THAT. You miss out on options. Plus, you will be very impressed with SOMETHING you hear during that meeting. I PROMISE ♥

Really sit down and let your agent EDUCATE you on your options instead of just asking, "HOW MUCH?" AND TAKE NOTES, dammit (like you do in those meetings at work-lbvs). This is your future and insurance products are a great way to beat out inflation and 401K market loss with great upside potential. DISCLAIMER: We, as Life Agents, are not financial advisors but we have tools that can TRULY help you become wealthy through proper financial planning.

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Ok I'm back, soooo He was great! He sat down with me laid out my options. I made a decision at 24 years old because death was very familiar to me- from my dad, my mom, both grandparents, childhood friends. I understood I needed this. I remember he told me I had a 30k policy for the rest of my life and my children were on the policy as riders. I would be paying $34 dollars every 3 months and in 20 years my policy would be paid up. And just like everybody else. What do we do? Chillleee, that policy is tucked away with the "important paperwork" and we never look at it again. My agent set me up on automatic draft and whew we are covered. YAY!

I'm faced with additional financial responsibilities due to unforeseen circumstances. So boom I just up and quit paying the policy. Didn't contact my agent to see what options I had or nothing.

LO AND BEHOLD- It had to be almost 6 months later, I'm thinking. I get a call from someone stating they're my new agent. He wants to come out and meet me. He advised me that my policy was still active because it was a whole life policy that had accumulated a little money and the cash value was paying it the whole time. Bet! He let me know what I needed to do to resume making payments asap because the cash value was almost depleted. He noticed that I had started the policy a few years ago and didn't want me to lose it. OMG I can't tell you how relieved I was that the policy was still in effect. I (im-jit-ley= translates to immediately) resumed making payments. He would show up at the house faithfully too. Sometimes earlier than the time we agreed on meeting. Then bug the hell out of me until I arrived home. lol whew child but it's all good.

FAST FORWARD, 11 YEARS LATER ---> That thing called Life hit me again. I start juggling multiple jobs and doing freelance resume work. One of the jobs happened to be at the retail store, At Home. One day during my shift. I'm prospected by a lady named Troy (yes that's HER name) who introduced me to financial services. When I first started in the business Troys' first question to me was "Do you have a life insurance policy"? Me: "tuh' YUP!" (with my chest poking out)

Her: "Is it the New or the Old Life Insurance?" Me: (thinking) um mm mmmm I'm not sure. Now I'm curious as to what I have and can't wait to get home and "dig it out". Guess What? You already know, I couldn't find it dammit. So she advised me to contact my agent to get a copy of my policy so we can take a look at it. See what kind of policy it is, etc. I learned all kind of LIFE things in the field with different clients. First thing that quickly piqued my interest was

The NEW LIFE INSURANCE w/ LIVING BENEFITS

You don't have to die to use it. Second thing was life insurance that features the "Be Your Own Banker" concept. Better interest rates than the bank. I was instantly a student of the business. Talmbout' benefits from the market gaining tax-free—without the risk of loss during a market downturn.

If you are really serious- Take Action, Right Now! Book an Appointment with me, if not me someone. At minimum, I challenge you: Get Curious- With your Finances. Go log in to our bank institute. The cons of a bank account are they yield very low interest rates- less than .001%. ACTION: Check your bank statement and calculate how much dividends, you have received for the month, checking/saving combined?

Have you ever thought, what does the bank do with the money when I deposit it? First thing they do is, INSURE IT. Don't believe me go to your banks website and scroll to the bottom

You'll see something along these lines .............................................

FDIC insured is a bank account at an institution where deposits are federally protected against bank failure or theft. The FDIC is a federally backed deposit INSURANCE, (read IT again) INSURANCE, ..................... The maximum insurable amount XXX,XXX

Being a student of the business has helped me learn finance not only for my clients but for ME. 1st and foremost - it's allowed me to fire my bosses and get some of my time back; juggling multiple jobs. It's taught me so much about how money works, how money is taxed, etc. I couldn't have made a better investment in myself. That $200 investment don't owe me nothing. Us as women we know we can spend some money on our certain hairstyles alone. No matter the race.

So today 2 years later with PHP Agency I have a few different investment products on my portfolio with multiple index crediting strategies for cash value accumulations. Annuities! Yes we do those too. I do own what I sell.

"ALL GAINES, NO LOSSES", per Andrew Gaines 🦸

"MY FUTURE IS BRIGHT"

Thank God I crossed paths with Troy that day and after meeting with her made a decision to meet with her and join the business, get licensed and start my "BIG BUSINESS".

Now that I look back on it

OFTEN TIMES I USED TO RIDE AROUND AND WISH I KNEW A FINANCIAL ADVISOR SOMEONE THAT COULD HELP ME PROPERLY PLAN/INVEST MY MONEY...

Imaging if I would have made the decision to rush the 1st agent through his consultation or tell him I would think about it. A few things happen.

• #1 Time would have passed and with time your age increases which increases your premium. The earlier you secure the policy the cheaper it will be

• #2 Health. Everyday we wake up fate awaits. We don't know the day or hour. Some people have said they wanted to wait...and shortly after found out they have a terminal illness; denied Coverage. Lissen insurance companies are not stupid so don't try to get insurance "right quick" they do have resources to find out about your health

• #3 An Untimely death could occur - we went to a convention last year and one of the brokers, right now she shall remain nameless (G14), spoke about her nephew. OMG this story tugged at my heart so bad because I could feel her emotions as she spoke about it. Unfortunately, the premium was returned due to the client changing bank account and not not notifying the insurance company to update the information. Her and the parent was planning to meet/call and update but they kept missing each other. WE all know how it is. LIFE just gets in the way sometimes and days, weeks pass us by. Unfortunately, in the midst of all of this the nephew passed away and wasn't covered due to policy lapse (2nd pic)

So going back to what I said in the beginning things that we don't know could end up costing us. "If you don't know, YOU PAY!" Only thing you can try to do is plan your time and money. Because 1 thing I know 2 for sure.....SHIT HAPPENS doesn't matter if you are a "GOOD PERSON". The better prepared you are, the more you will be able to handle it and keep it moving

When it comes to financial literacy, start young

Get Curious,

YourFinances