Surely we’ve all heard the saying “Time is Money”. How exactly are the two equated? Is an hour of time equal to one dollar? Or is it more like 50 cents? Fortunately for the human race Stanford researchers have discovered exactly how much money is equal to how much time. Or have they?
Today on WealthTalks, Tom and John talk about time, money and, terrible as it might sound, something called human life value.
Also on this show: With the market so low, many people are thinking about investing. If you’re interested in investment opportunities, take the time now to begin preparing and learning everything you can about the process.
For example, if you think Real Estate investing and rental properties sound interesting, then learn about the state laws, the systems and templates that you would need to have in place for this type of investment/business venture. There are some great resources online for learning about state-specific laws and getting actual templates that can help you in this type of venture. Check out this example of a Month-to-Month Rental Agreement from iPropertyManagment.
Learn about the different expenses associated with the investments you think you may want to make. Calculators such as this Investment Property Calculator on AARP can help with this process and in evaluating real opportunities when they do come along.
Anyone can lose money investing, but starry-eyed novice investors tend to lose much more than people who have enough knowledge to avoid major mistakes. Get knowledge on your side.
And regardless of the investment opportunities you want to pursue, be sure you are building a strong foundation of guarantees and liquidity before investing because investments are always going to carry risk. Life Benefits can help you build your foundation of financial guarantees through Life Insurance. Call us for assistance at 702-660-7000.
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