I used to be so scared of insurances; the only idea I can think of when it comes to Life Insurance is death. Death sounds so scary that nobody wants to prepare for it; but just year 2022, I changed my mindset regarding life insurances. Instead of death, I think of life; the passive income and the retirement funds.
Today, I met someone, a workmate and a wave-mate 10 years ago. He is now a manager handling my account and I had a really good time talking about old times, the people we met and their whereabouts. Surprisingly, we also came from same university where he served as a working student and he knew some of the people I knew back in college.
He explained to me my current plan and introduced “Critical Illness and Health insurance.” It says for me, but the only important thing that’s for me is the “Retirement Plan” and the receiving passive income once it grows and once maturity will come.
I was happy to share my future plan about my Policy, because he was able to correct my wrong mindset and redirect me to the goal I always wanted. Passive income. Passive income. He shared that 1 person can have 7 policies; and from there, I decided to not withdraw but to let it bear its fruits; plant another tree after the other has matured. My insurance policies are going to be my kids, someday they’ll help me live a beautiful life even if I am alone.
He shared how I can pay for someone to care for me! It was very good of this friend. I remembered I celebrated my 21st birthday together with his birthday which was also on the 21st of our birth month; it was so cool, surrounded by wave-mates, fresh from college.
It’s also really good to reconnect. I wasn’t expecting to meet him 10 years after we all parted ways. He also didn’t knew that I’d be under his supervision, it wasn’t handpicked, it just happened. Sometimes, there are people that are meant to stay, people who are there to guide you and people who truly cares.
Reconnecting with him was a good sign that good things is beginning to unfold again. Good people started reappearing and I’m so glad I was able to open this window in me that was once closed due to sadness. I shutted my door due to someone’s betrayal and I was so ashamed it happened to me. I was romantically scammed, such a shame, I couldn’t share it with them.
Anyway, long story short, I now have a long term plan; thanks to that meeting. It was an hour and we already tackled a lot. I shared about my other personal goal and I told him, “I bought it for me,” to protect myself, to give myself a good place I deserve. So it’s a personal investment! Business comes next. “Me first! Live now.”
It was a nice conversation that I thought would only focus on insurance and inviting me to refer or upgrade and get more of what I already have. It was comprehensive, a mixture of information where I wasn’t forced or anything like that but I was encouraged; although, I’m already aware what’s going to happen in that meeting, I just didn’t expect support in the end.
Between investing in a condo and health insurance in a budget, I would prefer a condo that can be sold and assumed but health insurance is also good to have with proper mindset; although it cannot be sold, it can be withdrawn, but while you’re investing in it, you’re not really benefiting from it real time; unlike your condo that while you’re paying for it, you can live in it and that’s one of the huge difference between the two.
I already have the retirement plan and that’s my main focus. Between health insurance and retirement plan, I would prefer retirement plan because I’m on a budget; but given the opportunity to have more extras in the future, getting health insurances are also beneficial in case of unforseen events where you needed funds, your retirement savings will remain intact; so instead of thinking of it as protecting your health, think of it as protecting your liquid assets like your retirement plan .
It was an amazing discussion that changed my mind and gave me a clear picture of where my retirement investment will go and other finances will go without compromising my current life, still enjoying and living the life I really wanted, the simplest way possible; peaceful, silent, respected, clean and happy. Most of all, mentally stable.
Balancing now is the most important thing of all! So decide base on what is available to you at the moment. If it won’t put you in debt, go for it. If it will, think about it, “Is this really worth it?” “Can I get something from it in return?” “What’s in it for me?”
Climbing, Rocks! 