Quote:
Originally Posted by Dsnyfn
Let me help you....Saul and R8ers.....
You can have all the cash/assets on your personal ledger with no personal debt and it only takes one catastrophic event to completely wipe you out.
Maybe a bad investment....a car accident that is your fault, with injuries to others that your insurance won't cover....your spouse/child has a major life threatening illness....your spouse child is a special needs child that isn't covered in any great depth by insurance.
I've seen people with lot's of assets be rich one day and crying the next.
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What's your point? Should I just weigh 500 pounds because healthy people die every day?
You can't protect yourself 100%, but you can sure sway the odds in your favor.