Ask Paula: FIRE vs. FOMO -- How Do You Balance Between These?
Afford Anything
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Is There a Risk Management Strategy?
People should begin with a fairly large amount of insurance. They should then deplete the insurance as they increase assets and have a plan that involves other avenues of paying for things. And when you are ober wealthy and you realize that the cost of the insurance is less than the pit in your stomach that you've left so many things unattended, you realize that the insurance is a small price to pay for the for the value that you get.
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