Tag: Cash

Guest Post: 7 Reasons For Buying Term Life Insurance

The world economy is in the toilet. It doesn’t take a financial planner to figure that out. One of the best ways to protect your family if you die is to buy life insurance. Now more than ever, people are purchasing life insurance to protect those they love in case they kick the bucket before their golden years. Yes, it’s true. Life insurance. It’s not just for busty blondes wedded to billionaires anymore. If you’re considering taking the plunge, you need to decide whether you’ll go for a term life policy or a different kind of plan. Here are seven reasons you should go for term life all the way.

1. Your Agent Can Shove The Commissions. If you find yourself in the ridiculously uncomfortable position of having life insurance quotes hurled at you by a sales agent while sipping tea in your living room, my condolences. If that insurance agent manages to convince you to opt for whole life instead of term, I urge you to bash your head against a wall repeatedly. Take your time, I’ll wait. Done? Great. On average, insurance agents get a few thousand in commission from selling you a whole life plan – compared to only a few hundred scored by signing you up for a term policy.

2. Universal Life Is Scary. The really scary thing about universal life is that no one really understands how it works. So let me try to break it down for you. Your premium goes into what’s known as the “bucket,” then the insurance company adds interest, the company takes out the insurance cost, which includes a mortality charge which increases the monthly expense and the administrative costs are taken out and divide by the profit and speculative… umm… did I lose you? Good, because I’m kind of confused myself. Let’s move on.

3. Whole Life Insurance Sucks. When you buy a whole life policy, you are responsible for paying a set premium – for the rest of your life. In return, you are handsomely rewarded with a paltry cash value. Guess what the company gets to do? Invest your money however they’d like and furnish you with almost no interest in return. Let’s hear it for getting your money’s worth!*

4. Term Life Insurance With No Exam Rocks. Let’s break it down to the morbid fundamentals. Life insurance companies like to place bets on when you’re gonna croak. They gather information about your health, well-being, your likelihood of jumping off a tall building, things like that. They take this information and plug it into a formula with average life expectancy information and the magic machine spits out the amount you’re going to have to cough up for coverage. If you buy term life coverage with no exam, then you cut out one more way they can up the price.

5. You Won’t Be Tempted To Pay Your Mortgage With Your Cash Value. With the crappy economy, many people are turning to the money accumulated in their whole life plan to pay the bills. While this may seem like an excellent solution in the short term, in the long run, it can equal financial meltdown. Term life plans don’t have a cash value you can borrow against, which effectively removes the temptation for the weaker among you. You know who you are.

6. You Never Have To Worry About Getting Hit By A Bus Again. Term life is great because you don’t have to stay up at night wondering what will happen if you die before you get old. Are you scared of getting into a plane wreck? Worry no more, you’re covered. Are you scared you might get hit by a taxicab while crossing the street on the way to work? How about being involved in a hot air balloon accident wearing nothing but your socks? I know, me too. Think about it all the time. If you have a term life plan, you can put those fears to bed once and for all.

7. Your Spouse Will Be Set If She Can Get Away With Poisoning You. Trouble in paradise? Well, with term life, you needn’t sweat it. Your wife will be well taken care of after she spikes your pancakes with antifreeze. That receptionist isn’t looking so hot now, is she?

* If your irony detector isn’t that sharp, let me translate: you’re getting screwed.

February 18, 2012
Guest Post: 7 Reasons Why A Credit Card Might Save Your Life

1. It Just Might Save Your Marriage Someday. Women love to shop. It is part of their genetic makeup. If you are married to a woman who thrives on shopping, and you deny her the fulfillment of this instinctive, natural urge, you could very well end up causing very real marital problems. You know the old saying “hell hath no fury like a woman’s scorn”? That phrase was coined by a department store. So when your wife finds a way to spend all of your money, you will be owing a debt of gratitude (and interest and fees) to the best credit card companies.

2. Your Parents Refuse To Raise Your Allowance To Keep Up With Inflation. You need money to go out with your friends. You need money to treat your significant other on a date. You need money to put gas in your (parents’) car. You need money to buy the latest gadgets and accessories and to keep up with all of the stuff that your friends have. But when your parents refuse to give you the money to fund your lifestyle, and you can’t (or won’t) find a job, then a freshly minted credit card, made for students, can be a godsend.

3. You Get Trapped In An Elevator Or Locked In A Room And Can’t Get Out. Credit cards are notorious for getting you trapped… financially. But they can also help you get out of traps… physically! These slender little shards of plastic can help you unlock doors and windows, and can help you to pry open practically anything that needs to be opened. Who would have thought that a credit card just might help you get out of a difficult situation rather than get you stuck in one.

4. You Need To Do Your Part To Save The Economy. The economy is in shambles. We’ve all seen the devastation caused by the collapse of the housing market and the implosion of the job market. You might think that the prudent thing to do in during these tough economic times is to hunker down and keep tighter control over your money and reign in your spending habits. But if you do that, the economy is just going to worsen, isn’t it? If we want the economy to recover, then we all need to put our confidence back into the economy and start spending again. So get that credit card out and start spending, and do your part to save the economy!

5. Using Your Credit Cards Is A Matter Of National Security. One of the most sacred institutions of the United States is the pursuit of the American Dream. Indeed, keeping the American Dream alive is one of the stated goals that our politicians in Washington DC have been emphasizing in their attempts to revive the economy. Therefore, it is your patriotic duty as an American to keep the American Dream alive by keeping the credit card companies in business. After all, how long can we expect them to survive on government bailouts? Their bailout should come from the private sector. And what better way to help keep the credit card companies in business than to use your credit cards?

6. The World Is Coming To An End And You Need To Safeguard Your Cash. The Mayans predicted that the world will end in 2012. Scientists claim that an asteroid will be coming close enough to impact the earth during this century. World War III could happen at any time now. If a run on the banks would occur and people start hoarding cash, you could always rely on plastic to help you survive the economic uncertainty that lies ahead.

7. When You Run Out Of Money Every Month, At Least You Will Have The Credit Cash Back Rewards To Help You Keep Afloat. If you are living paycheck to paycheck, using one credit card to pay off another every single month, then at least you should be looking forward to your credit card cash back rewards! When you find yourself constantly running out of money every month, at least you know that all of the money you spent on your credit cards, keeping a balance and accruing interest, will pay off when you get those cash back rewards every month! A credit card can really help you out when money is tight!

January 25, 2012
Guest Post: 7 Reasons To Recycle Your Old CDs

Accessing music via your computer is now faster, easier and often cheaper than going to the shops and buying good old fashioned CDs. MP3 players and mobile-phones have combined to make your CD collection utterly redundant. But instead of chucking them, why not do a bit of recycling instead? Yes, that’s right. Recycle your CDs. Here are seven reasons why you should consider doing just that.

Why you gotta recycle that compact disc? Because we want to! Because we want to!

1. Because You Can. When you bought that copy of Definitely Maybe back in ’94, the guy in the record shop probably didn’t tell you it was recyclable. But he should have done. Because it is. Almost 100% recyclable in fact. Probably slightly less if it’s something by Westlife, but recyclable none the less.

2. Logic. When you’ve finished your bottle of wine, do you stack it in the corner of the lounge with all the others? No, of course you don’t. When are you ever going to use forty-two empty bottles? Instead you pop them in the boot of the car and take them to the recycle bank. CDs are exactly the same. Are you actually going to listen to your collection of Now That’s What I Call Music CDs? You know, that collection you started when you thought it would be fun to try and buy every single version that came out – only you gave up in 1996 when they became tribute albums to Status Quo. Get rid of them. But, don’t trash that trash, do something useful and recycle.

3. Spread The Music. Assuming you’re not one of those emo-kids – and you don’t look like one – the chances are you won’t have scratched the back of your CDs in a moment of wallowing self pity. As a result they can be used again. By someone else. So give other people the chance to hear some great music. As strange as it may sound, someone, somewhere would just love to get their hands on your Showaddywaddy.

4. Damage Limitation. But what, I hear you ask, do I do if I am into that ‘scratching-CDs-with-a-blunt-compasses’ lark. Do not fear. Most CDs have scuffs or scratches that can be repaired, so you should be fine. If you’ve snapped them in half though and tried to repair them with a bit of tape, it’s probably a no go. But that’s not necessarily a bad thing. Sometimes there can be too much Phil Collins in the world.

5. The Flying Lizards. What better reason to recycle than to make yourself some money. The Flying Lizards didn’t sing about it, but online CD recycling sites such as Music Magpie allow you to trade in your unwanted CDs and get some money in return. With the extra cash in your pocket, you can always invest in some new music. If you’re really clever you could buy a CD, listen to it and then sell it. And then the process starts all over again.

6. Mr Nice Guy. Of course, you could show you have a caring side. Recycling your old CDs can benefit some great causes. Rather than simply pocketing the money you raise from recycling, you can send it straight to any number of very needy charity organisations. Which would be far more helpful to them than taking your Billie Piper CD to the local charity shop.

7. Piles. Of course, the main reason we should all recycle our unwanted CDs is the environment. Sadly, over 2,500 tonnes of CDs are thrown away each year, needlessly filling up waste landfills around the world. Quite frankly this country is in enough of a mess already. We don’t need piles of Cliff Richard adding to it.

So, don’t waste another minute staring at that redundant CD rack. Sites in the UK and sites abroad like Music Magpie Germany will allow you to recycle your old CDs in return for some extra cash in your pocket to spend on that new download you’ve been previewing or perhaps in helping a local charity.

October 9, 2011