If you have a family, chances are, you need life insurance!

• To have the best chance of not being a millionaire then that would mean leaving this huge asset exposed by pretending death cannot happen to you. (01:48)
• Simply don't ask yourself questions like, "How would my family be able to stay in our home?" "How would my spouse be able to pay all the bills?" "How would my children pay for college?" "How would my spouse be able to stay on track for all the goals we laid out together?" (01:58)
• If you do want to have answers to all those questions, though, if you want protection for your spouse and your kids so that they wouldn't have to perhaps uproot their entire life because of financial deficiencies while simultaneously mourning your loss, then there is life insurance. (02:20)
• And if you are young and healthy, a fixed rate term policy is incredibly affordable. (02:48)

Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Welcome to the Enjoy More 30s Family Finance

podcast. The only podcast dedicated to making life more

enjoyable for young families by hitting on the financial topics

that tend to weigh on us, stress us out, and distract our focus

from simply enjoying life.

Hello, and welcome to the Enjoy More 30s Family

Finance podcast for all those people out there trying to avoid

being financially secure, well, we have our series for you the

10 Ways To Not Be a Millionaire. Now if you actually do want to

be a millionaire, not to worry, this series isn't just for those

people who are looking for financial ruin. If you avoid

doing these 10 things then you could be well on your way to

millionaire-hood as well. Each week I'll share a quick step in

this how to not be a millionaire process, so you know what to do,

or hopefully what to avoid. As always, before I begin, please

share and like please leave reviews. I'd love to reach and

help as many young families out there just like you.

Today's great tip on how to not be a millionaire is Pretending

You Can't Die. You are young, why should you worry about

death? That's not fun at all! As we covered in Disinterested In

Disability, as a young family, your future income potential is

your greatest asset, and so leaving it exposed and

unprotected is a great way to not be a millionaire. Pretending

you can't die is therefore yet another way to take advantage of

this concept. If you are earning $100,000 now, then with 2%

income growth over the next 30 years, your future income

potential is over $4 million dollars. A huge asset. To have

the best chance of not being a millionaire then that would mean

leaving this huge asset exposed by pretending death cannot

happen to you. Simply don't ask yourself questions like, "How

would my family be able to stay in our home?" "How would my

spouse be able to pay all the bills?" "How would my children

pay for college?" "How would my spouse be able to stay on track

for all the goals we laid out together?" Pretending you can't

die takes care of all of that for you. If you do want to have

answers to all those questions, though, if you want protection

for your spouse and your kids so that they wouldn't have to

perhaps uproot their entire life because of financial

deficiencies while simultaneously mourning your

loss, then there is life insurance. Life insurance can be

through work. Ideally, it can also be outside of work to

maintain direct control on this vitally important piece of your

plan. And if you are young and healthy, a fixed rate term

policy is incredibly affordable. A $1 million policy could come

in at over $100 a month for a healthy individual depending on

their situation. Overall, I think it is more than clear

pretending you can't die is a fantastic way to not be a

millionaire.

Thanks for tuning in today and join us for next week's episode

on how to not be a millionaire, Blowing the Bonus. As always,

please remember to review and share for others. And if you

need any help, don't hesitate in reaching out. I probably have

helped someone just like you till next week. Thanks for

joining me today and I look forward to connecting with you

again soon.

The conversations on this show are

Joe's opinions and provided for general information purposes

only. They do not constitute accounting, legal, tax, or other

professional advice for your specific situation. You should

always seek appropriate advice from a financial advisor,

accountant, lawyer, or other professional before acting upon

any content or information found here first. Joe is affiliated

with New Horizons Wealth Management LLC, a branch office

of TFS Securities, Inc., and TFS Advisory Services an SEC

Registered Investment Advisor, Member FINRA/SIPC.