When it comes to insurance, I took a more self planning approach, or shall I say, a more self-insurance-conscious approach. This stems from being acquainted early since 2003 with what insurance advisors shared on insurance basics. It does not make me an expert, but it does equipped myself with the knowledge to discern some of the undesirable sales tactics of advisors.

I determined early that I treat insurance as an expense, and that I do not need cash values from the policies.Thus most of my insurance policies do not mature and give out cash values. Many of my peers fail to frame insurance as an expense and demanded cash values out of it.

I made it very clear to my advisors that I hear what they have to advise, but I would like to build my wealth with financial instruments that is insurance unrelated.  Over time, I come ...