AI Snips
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Make Education A Calculated Investment
- Treat education as a long-term, lifetime-return investment focused on in-demand skills.
- Choose curriculum and career paths with clear economic payoff to improve ROI on student debt.
Insure Your Earning Power
- Buy disability insurance to protect your labor asset and consider term life insurance when others depend on your income.
- Use policy features (elimination periods) to lower premiums while covering catastrophic risk.
Prioritize A Rainy‑Day Fund
- Build a rainy-day emergency fund to self-insure against short-term shocks before buying optional insurance.
- Only wealthy households can fully self-insure against catastrophic risks instead of buying policies.