Dr. Slava Shut

Systems exist the way they do for a reason; through time and testing, they’ve been proven to work. But if your goal is to be just as safe as everyone else is, you can easily end up living a life like everyone else’s. You’ll likely find yourself seeking the same solutions everyone else does. If you’re not careful, you might even be more inclined to make the same mistakes that other people do.

But is that right for you?

Consider another possibility; what if you were taught to be investing instead of laboring? What if you’d already been schooled in how you can have passive income through the right investments?

Welcome to Topic Tuesdays, where we focus on a specific topic related to business, finance, or life in general. Today, we’re going to talk about how the right finance strategy for life insurance policies can uplift your life in all aspects.

Why You Need A Financial Advisor

Have you ever wondered why some people invest wisely, and others don’t seem to invest at all? Why some people learn what everybody else learns, and others always seem to be doing something unique? Here’s a hint: it’s not because some people are somehow naturally inclined to have wealth.

It’s how people are taught. Sometimes, people are taught to approach the different aspects of life in the safe, predictable way. They’re taught to stay in the lanes, and not to stray outside the box. They take the route with the highest statistical probability of a desired outcome. If they’re lucky, they end up right at the top of the bell curve, locked into their circumstances.

Deeply entrenched systems of thought are usually so well accepted because they’re so useful. It’s great for common sense and conformity, but it might not foster a great environment for individuality and creativity. When most people think about things in a certain way, they’re more likely to come to similar conclusions.

This is probably why 47% of people aren’t comfortable making longterm or short term investments with their own money. When a growing population of people have the same level of  financial literacy, these kinds of blind spots become very common.

IUL Insurance Policy

An Indexed Universal Life insurance policy accumulates cash value over the course of the policy. An IUL can be a powerful financial tool in your box, allowing you to make investments using the value accumulated. Depending on the specifics of your policy, you get the ability to leverage the accumulated value of the premium you pay every month however you choose; and you don’t have to suffer costly penalties in order to access your money. 

401(k) Policy

A 401(k) is a retirement savings account. You can put money away for retirement and save it in your 401(k). Many employers even offer 401(k) matching, an agreement to contribute to your retirement fund along with your own contributions. No matter how much you love your career, eventually you’ll need to retire. A 401(k) is a great strategy for automatically saving for your retirement with every paycheck without much interaction on a monthly basis.

Whole Life Insurance Policy

When most people think of life insurance, they likely think of whole life insurance; it provides a death benefit to beneficiaries. This can be extremely important for families to be able to overcome the loss of loved one. Aside from the devastating passing of a family member or close friend, there’s often also the fresh burden of new financial obligations. A whole life insurance policy can bridge the gap and prevent a tragedy from escalating to a bigger catastrophe.

The right finance strategy is just as important to your overall health as your fitness strategy. As a physical therapist, entrepreneur, and real estate investor, I’ve dedicated my life to helping people uplift their lives in all aspects. If you’re ready to take control of your long term financial strategy and transform your life for the better, contact my team to schedule a free 1-on-1 consultation with me.