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SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 20s and 30s—Establishing Your Financial Foundation

Section 5 of 11:
CARS:
Is Now the Right Time to Buy?
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Along with purchasing a home and funding college tuition, buying a
car numbers among the largest investments you will ever make.
long gone are the days when you could spend $5,000 for an
economy car that would last for years. Today, cars come in a
staggering variety of styles and price ranges and offer an incredible
array of options. Use this report to help you determine whether
now is the right time for you to make such a great investment.

This report will help you learn how to micro-manage your funds so
that your money multiplies itself. Each section contains useful tips,
techniques and action strategies you can implement right away.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
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CARS:
Is Now The Right Time to Buy?

Whether you are single or married, with or without children, buy a less expensive car while you are young. Unless you love cars or spend much time commuting, try to limit your auto
outlays so you have money left over for more important priorities.

Carefully look at buying versus leasing to determine the least
expensive way to finance your vehicle. Because your car needs will
probably change if you get married, have children, or move, it
might be worth leasing and trading in the car several years from
now for a model that suits your new circumstances.

As you move through your 30s and have children, you may need a
larger, more expensive car.

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HOW TO REAP THE REWARDS YOU DESERVE!

Starting Now . . .

Use the following Resources, Action Steps and Extra Info to take
the next step toward your solid financial future.

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You work hard for your money.
But do you maximize the money you earn?

Everyone’s Money Book shows you how to proceed confidently into
your future. In this completely revised and updated bestseller,
Jordan Goodman covers all of the options available for managing
your money wisely in friendly, easy-to-understand language

Packed with worksheets, step-by-step instructions, charts, graphs,
application forms, quizzes, and more than 6,000 resources to help
you turn concepts into actions, Everyone’s Money Book is the most
comprehensive, accessible, and easy-to-use book available.

Over 200,000 copies sold.

Order Everyone’s Money Book (970 pages) today for only $30 at
www.MoneyAnswers.com/bookstore/
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RESOURCE | RESOURCE | RESOURCE
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In the market for a new car?

If you are buying a new or used car, consider using CarQ.
This is the service I use for buying my own cars and have saved
thousands of dollars over what I had been able to negotiate on my
own.

CarQ
www.carq.com
1-800-517-2277

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SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 20s and 30s—Establishing Your Financial Foundation

Section 6 of 11:
INSURANCE:
A Necessary Evil?
=============================================
When you spend money on insurance, you might feel like you are
wasting hard-earned cash on something that produces no tangible
benefit. This report will help you cut through the complexities of
insurance so you can buy the most coverage for the fewest dollars
possible. Learning about insurance is not as stimulating as
uncovering the intricacies of the stock market or mutual funds, but
it is equally important to your total financial plan.

You can learn to micro-manage your funds so that your money
multiplies itself. Use the techniques and tips and action strategies
included here in combination with those included in the other
sections and watch your money grow.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

INSURANCE: A Necessary Evil

In your 20s and 30s you will need all five types of insurance: car,
disability, health, homeowners (or renter’s), and life.

1.
Car Insurance
Your car insurance rates will probably be higher than they will be in later years because people in their 20s tend to drive less responsibly and therefore have more accidents than their elders.
To keep your rates as low as possible, drive carefully. If you have no accidents, your rates should fall by the time you reach your 30s.

2.
Disability Insurance
Disability insurance is vital when you are in your 20s and 30s.
If you are seriously injured, you may suffer several decades of
lost wages. It is therefore crucial that you obtain adequate
disability protection.

3.
Health Insurance
Health insurance is also important even though you probably
are vital and healthy at this age. Before you get your first
permanent, full-time job, continue coverage under your
parents’ policy, which is usually possible until you turn 23.

After that, consider taking out a short-term comprehensive
policy. As you search for your first job or look to switch
employers, scrutinize the health plan that a company offers to
learn how much both you and the company pay.

Also, ask whether the health plan offers alternatives such as
health maintenance organizations (HMOs) or preferred provider
organizations (PPOs). As you move into your 30s, you might
switch your insurance coverage from a traditional policy to an
HMO if you must cover a spouse and children.

If your employer provides no health insurance or you are self-
employed, look into obtaining coverage through some group
that you already belong to or may be able to join. Even though
you are young and probably in good health, insurance
premiums can be extremely high and take a huge bite out of
your budget.

4.
Homeowners Insurance
Homeowners insurance is a must if you own a home. For your
first home, you may not need much coverage because you
probably do not have many possessions. However, make sure
to update the policy as the value of your home and belongings
increases over the years.

If you rent, look into renter’s insurance to protect the value of
your possessions. Depending on the value of what you own and
the chances of loss or damage, decide whether renter’s
insurance is worthwhile.

5.
Life Insurance
Life insurance is necessary if you support someone financially,
such as a spouse or child.

If you are young and single, however, you have little or no need
for protection because no one depends on your income. One
advantage in buying term life insurance when you are in your
20s and 30s is that the premiums are far less expensive than
they will be as you move into your 40s and 50s.

Insurance companies figure that the younger you are, the less
chance you have of dying. If you need only the death benefit
protection, buy the least expensive term policy you can find.

Cash-value policies such as whole life, variable life, and universal life offer two other advantages to buying while you are young: First, you can lock in the premium at a considerably lower annual cost than you can if you wait until your 40s or 50s. Also, the longer your money compounds tax deferred in an insurance policy or annuity, the more it will grow by the time you retire.

Despite these financial advantages, most young people do not place life insurance at the top of their list of priorities, and with good reason.

To get quotes on all types of insurance in one spot:

Get Quotes!

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RESOURCE | RESOURCE | RESOURCE
^^^^^^^^^^^^^^^^^^^^^^^^^^
You work hard for your money.
But do you maximize the money you earn?

Everyone’s Money Book shows you how to proceed confidently into your future. In this completely revised and updated bestseller, Jordan Goodman covers all of the options available for managing your money wisely in friendly, easy-to-understand language

Packed with worksheets, step-by-step instructions, charts, graphs, application forms, quizzes, and more than 6,000 resources to help you turn concepts into actions, Everyone’s Money Book is the most comprehensive, accessible, and easy-to-use book available.

Over 200,000 copies sold.

Order Everyone’s Money Book (970 pages) today for only $30 at
www.MoneyAnswers.com/bookstore/