Uninsured and Breadwinner? Don’t live with a time bomb on your head
Uninsured and Breadwinner? Don’t live with a time bomb on your head. In the previous article, we understood the power of compounding and the power of money and how to inculcate a habit of saving money. If you have not gone through that article, here is the link I hope you got yourself acquainted with the necessity of saving and investing to achieve financial independence. However merely knowing about the destination is not enough for you to sail your boat directly into the ocean. For it, you need safety equipment, the knowledge of wind direction and much more. Similarly, before investing your hard-earned money into a return generating asset, you need to understand the hurdles you might face during the journey. I assume all of you have a general idea of what insurance is and why is it necessary. I will take the liberty to skip the explanation and will directly come to a case study . Mr. X is working in an MNC and lives with his spouse and two daughters, six and nine ...