User Profile

[riverwed070707]

That is really expensive umbrella insurance! I carry a $1M umbrella and it costs me $250 a year...

[riverwed070707]

I was in that spot a few years ago. I kept holding on to the job thinking "once we just get past X project" or "I've already been here...

[riverwed070707]

I use a broker. Since I have rental properties, not all insurance companies will cover all my needs and I often end up with a couple different providers....

[riverwed070707]

Also the best thing you can do for your car insurance is to drive older cars. I know this board knows this, but the way consumers get wrapped up in whether...

[riverwed070707]

I really despise this industry. I understand why its necessary, but it always fascinated me when I realized wealthy people and businesses self insure...

[riverwed070707]

Know is such a loose term. I've been acquainted with many extremely wealthy people through my work. I've worked with the Berkshire Hathaway board of directors...

[riverwed070707]

Thanks for that validation. Genuinely. This convo had me thinking we were throwing money away with excessive, unnecessary ER visits. Maybe just a string...

[riverwed070707]

Approx. $60k

$50k rentals
$7k lending (specifically the portion not in retirement funds)
$3k Rover sitting (which entirely goes...

[riverwed070707]

Definitely not experiencing a life threatening medical emergency every 2-3 years. My experience has been that there are few things they actually treat...

[riverwed070707]

I haven't penciled mine out yet, but initial thoughts:

• Double the amount of hard money lending in my personal account ($60k -> $120k)
• Pay off a

...

[riverwed070707]

Different interpretation... 26.5% said they hit their deductible more than half the time. That's a substantial number, even if its not most. Also a bit...

[riverwed070707]

That's one way to look at it. The other would be that you might as well take your premium to the casino and hope for the best Sorry but as...

[riverwed070707]

I was just telling my DH the other day that we've watched history repeat itself enough that next time there is a global scare, we're dumping a chunk in...

[riverwed070707]

While this is wildly lower than what I found, would you not also take the deductible into account? Why would I only look at the cost if I didn't use the...

[riverwed070707]

I have. Estimated AGI at $60k. Last time I checked it was $10-15k with subsidies and $20-25k without. Cannot fathom paying 1/3 of our income toward insurance...