Are You Protected?

I’ve had a few questions lately about insurance.  Particularly about Umbrella and Long-term Care policies.  I’ve had this post in draft mode for about six months so I thought I’d dust it off and put it out there for y’all.  Hopefully it’s a quick scan if you think you’re in good shape or a careful read if there are some things you need to look after.

Insurance is best used to protect against low probability, high cost risks.

Low probability means the bad thing you are protecting yourself against doesn’t happen often.  If it did happen often, we couldn’t afford the premiums to protect against it.

High risk means the bad thing you are protecting yourself against would be financially devastating for you.  What is financially devastating for each of us is different and could change over time.

And our need for insurance changes over time.  As we age and add dependents, property or just wealth, our needs can change.  So what insurance do we need as we get older? Continue reading “Are You Protected?”

Who Are You–Really?

I’ve found one of the real benefits of retirement is being able to be 100% me, all the time.

I remember my surprise 30th birthday party like it was yesterday. Partially because it was so damn stressful.

In the same house (ours that thankfully my Mom had cleaned) were my work friends who knew Liz version 1.0, my college friend who had become very religious who knew Liz version 2.0, my party at the lake friends who knew Liz version 3.0, my family who knew Liz version 4.0 and Mr. Ms. Liz who knew them all.

I felt a bit like Sybil (now I’m really dating myself) with all of her personalities in the same room. Though each personality wasn’t completely different from the others, they were different sides of me.

As I got older, my non-working personalities merged and I landed in a job and in a company that allowed me to be, well more me. But there were still a few work personalities. The Liz that my boss knew was a bit different from the Liz that my staff knew and both were quite different from the Liz that my Boards of Directors knew.

At times, these versions of me didn’t feel authentic.  Because you can’t tell a staff member to shut up and get to work and you can’t tell a Board Member he’s a psychotic self serving ass. Well, you can’t say those things and keep your job anyway. So there was still a bit of tongue biting going on. Continue reading “Who Are You–Really?”

Speed and Attitude

We had a little adventure in the desert last Tuesday.  Really no adventure is little in the desert with all those cactus and other pricklies.

We were riding our mountain bikes and got stuck on a trail with tire sucking gravel and ended up walking our bikes.  Mr. Ms. Liz saw what I now think was a game trail off to the left and thought it would be a great idea to follow that.  The goal being to find a trail better suited for our bikes.

Half an hour later, he greeted me with a “Ta Da” because we had, finally, found a better trail.  But getting there sucked.  I was bleeding from a scratch in my leg, my shoulder was wonky, I was NOT happy.

Mr. loves these adventures, I do not.  Yet I continue to follow him . . .

Whilst we were on this adventure, the constant refrain that was running through my head was:

What can I control?  Speed and Attitude. Continue reading “Speed and Attitude”

$10 Can Be Life Changing

I tried out a new stylist this week.  I was long overdue and my regular stylist was booked up.  We started with the normal salon chit chat, where you live, what you do, and in our small town who you know.

She asked about being retired. I try to let people know I did it by saving a lot.

She said her Dad had recently been to a class about personal finance.  I’m hoping it was a legit. one at the community college and not a sales seminar.  But anyway, he was telling her everything he learned that he wished he knew when he was her age.

He told her if she invested $100 a month she could have a million dollars.  Super, seriously, impactful to hear that in your mid-twenties.  Not completely accurate (more about this later) but impactful.  He wished he knew this stuff when he was her age so he was doing his best to pass it to her.

I started gushing about how cool it was that she was having these conversations with her Dad.  How important this was.  What an amazing legacy he was creating for her.  I wanted to nominate him for Dad of the Year–is there such a thing???

And then I came home and checked the math. Continue reading “$10 Can Be Life Changing”