Grow up about your insurance! It’s not a bank account! #insurance #personalfinance

Insurance is not a bank account. If you're over 40 and you want to be wealthy, you need to change your mindset. Number 1, insurance is not the same as a bank account, and you have to understand that what you put in is not what you can withdraw. Number 2, insurance was designed for catastrophic reasons. Don't nickel and dime it. Number 3, with proper insurance coverage, you may get what you put into it. long your claim is approved. Number 4, remember there is a preferred insurance company, and if they deem your claim going against the risk tolerance, you may get canceled. Number 5, this is where your emergency fund comes into play. Your emergency fund will help you manage and choose a larger deductible so you can manage your premium costs over time, save even more money that can help you pay for those It was lower than