How to Bullet Proof Your Family Fortune & Sanity?

Financial Check-up

You understand the importance of protecting your assets and belongings. You insure your homes, cars, computer, iPad, iPhone, etc. Are you really properly protected? Is your most valuable asset (YOU) protected?

What if you die too soon? Who’s going to continue to pay for your family’s mortgage? Your family’s living expenses? Your children’s college tuition? Will your spouse and children be able to support themselves without your income?

What if you become disabled or chronically ill? Where’s your income coming from? How will you pay for your care? Will your family have to quit their job to take care of you?

What if you live a long life? Will your retirement savings be enough to provide for you until you die? Will you still be able to take care of yourself? Will you still be able to work and earn an income? Will your medical expenses increase?

These are all the question that you want an answer to when the time comes.

Replaces your income and provides for your family after you pass,

Provides an endless stream of retirement income you can’t outlive,

Pays for your long-term care when you cannot take care of yourself anymore,

Pays for your medical expenses when you’re chronically or terminally ill.

Life Insurance is Like Real Estate

Do You Rent or Do You Own Your Life Insurance?

Deciding what life insurance to buy is like deciding whether to RENT or OWN your life insurance.

When you buy TERM life insurance, it’s just like RENTING. You get to live in the home for a fixed period of time. After that you either renew your rental lease agreement or you move on. All the money you pay each month for rent is all gone paying for your landlord’s mortgage and building his/her wealth.


When you buy permanent life insurance is like buying your own home.

When you BUY your home, you own your home for life AND you have equity.

When you buy PERMANENT life insurance, you own your policy for life AND you have cash value.

As the year goes by, your home EQUITY goes up in value. Same is true with your CASH VALUE in your life insurance policy. As the year goes by, your CASH VALUE goes up in value as well.

In time of need, you can borrow money against your HOME EQUITY for emergency, down payment for a second home, private school or college tuition, supplement retirement income, medical expenses, etc.

In time of need, you can borrow money against your CASH VALUE from your policy for emergency, down payment for your first home or a second home, private school or college tuition, supplement retirement income, medical expenses, etc.

Related article: Be Your Own Bank (B.Y.O.B.)

When you die, your family will inherit your home, equity and mortgage.

When you die, you family will receive the death benefit pay out PLUS cash value.

Cashflow & Debt Management

What is cashflow and why it is important?

Cash flow is the difference between your income and expenses.

When your income is greater than your expenses, you have a positive cash flow. If your expenses is greater than your income, you have a negative cash flow.

Knowing where your money is coming from is an important part of any financial strategy.

Cashflow and debt management is the fundamentals of money management and wealth building. Without money or positive cashflow, there is nothing you can do to create more money.

Cashflow & Debt Management

Do you know where is your money coming from and where it is going?

Income can come from employment (earned income), investment (portfolio income) or from business or rental properties (passive income).

Expenses are any money you spend. There are living expenses, such as rent, mortgage payment, grocery, car payment, gas for your car, childcare, health insurance, life insurance, etc.

Poor people buy stuff.

Middle class people buy liabilities that they think are assets.

Wealthy people buy assets.

Which one are you?

Related article: How to Live Debt-free


Assets are anything that generates "income" and increase your monthly cash-flow. Examples are businesses, stocks, bonds, mutual funds, cash value life insurance, real estate investments, rental properties, etc.

* Notice that savings and checking accounts are not listed, because they don’t generate income. Believe me…earning 0.01% on your $1 million sitting in your savings is not earning. Inflation averages 3% each year. Your $1 million is disappearing in front of your eyes if you let it sit in your bank account.

Liabilities are anything that generates "expenses" or creates “debt” and reduces your monthly cash flow. Examples are your primary residence, car, expensive watch collection, boat, yacht, country club membership, etc.

Sorry, your brand-new Mercedes Benz is not an asset even if it's worth $90,000. It is accruing expenses every month - auto insurance, gasoline, car wash, maintenance, etc.

Unless you use your car to generate income, such as driving for Uber or loaning it out on Turo.

If you become an Uber driver, and use your Mercedez Benz to take riders and generate an income, now your car is an asset.

The same is true for renting your car out via Turo.

In these cases, you can claim your car for business and deduct business expenses on your income tax.

Learn more at Turn Your Car into a Money-Making Asset with Uber

Same for your primary residence. It is a liability. You have monthly living and maintenance expenses - mortgage payment, water, sewer, electricity, yard, etc.

You can turn your home into an asset too with house-hacking on with you extra room, or extra unit.

Why You Need Final Expense Insurance?

Final Expense Insurance should be part of every solid financial plan

It’s 2am in the morning in the hospital, a loved one just passed. The nurse asked you, “What do you want to do?”

Who would you call?

Have you ever planned a funeral?

How much do you think a funeral cost?

Do you have the money to pay for a funeral?

Can you imagine just one phone call, a 24/7 concierge will take care of all the funeral details for your loved ones that you left behind, so they can take care of what’s important, such as younger children, grandchildren, etc.

Final expense insurance allows you the luxury to plan ahead so your loved ones do not have to make rash decision mixed with emotional turmoils.

Final expense insurance is affordable. You can start with as little as $2 a day, that’s cheaper than a latte a day.

Being up-sell by funeral homes at last minute will cost a lot more.

A final expense insurance will provide a bridge fund in as little as 48 hours until your life insurance pays out, which usually takes 3-4weeks. Funeral home wants the money now. You don’t want your loved ones to go into debt while waiting for life insurance to pay out.

Everest Final Expense Insurance is More Than Just Insurance. It’s everything you need to make sure you loved ones are taken care of after your passing.

- 24/7 Concierge service who research and negotiation on your loved ones’ behalf so they can take care of more important things, such as young children and grandchildren.

- Planning tools that give you the luxury to plan your funeral ahead with no urgency.

- Tenzing, a highly secured cloud-based data vault, for you to keep all your important documents, such as will, trust, life insurance policies, photographs, etc, in one safe location.

- Funding for funeral expense pays out in as little as 48-hours to your beneficiaries directly (not to the funeral home).

Everest Final Expense Insurance is Easy to Apply and Affordable

- Age limit up to 85 yeas of age.
- No medical exam needed.*
- Start as low as $5,000 coverage for less than the cost of a latte a day.
- Premium never goes up.
- Immediate benefits or return of premium options.*
- Pays out to beneficiaries in as soon as 48-hour.
- Tax-free proceed to your family.

If you already have pre-paid funeral plan purchased over 10 years ago, now is a good time to review your plan. Funeral home expenses have significantly changed over the years, and many items may not be covered.

Remember, final expense insurance is not just for old people. It’s for everyone. We’re not as invincible as we thought, and we never know when our time is up.

*certain restriction and requirement may apply.

Where Are You Financially?

At each stage of life, there are needs and wants. Both are important and both require good planning and smart execution.

The x-curve is used to explained the relationship between taking care of your responsibilities and building wealth. The x-curve predicts that our responsibilities generally decreases and wealth increases as time goes by.

The Wealth Curve

When you're younger, you normally don't have much money. Then you start to save and invest. As you build up your wealth, the wealth curve rises. Hopefully, when you get older, you have enough money for your retirement.

The wealth curve is your investment curve.

The Responsibility Curve

However, when you are younger and start a new family, you have a lot of responsibilities, such as mortgage, car payments, school tuition, college funds, debts, etc.

You and your spouse are responsible for these whether you or die. Early on, the need for life insurance protection is quite high. But as your children grow up, your mortgage matures, and you reduce your debt, your responsibility will decrease.


Are you fresh out of college still trying to pay off your student loans? Are you just starting a new family with kids and mortgages? Are you happily single with a good paying job and a mortgage?

No matter where are you is important to have to plan in place to protect what you have now and eventually achieve your financial goals.

Knowing where you’re at financially will help shape your course to building wealth, and create the strategies to focus on to achieve your financial goals.

Fresh Out of College

Fresh Out of College

Newly Weds

Newly Weds

New Parents

New Parents

Married with Kids

Married with Kids

Single with Kids

Single with Kids

Ready to Retire

Ready to Retire

Where do you want to go from here?

Set S.M.A.R.T. goals to achieve your financial dreams.

Having a clear idea of what your destination looks like will sure help you figure out what you need to do now to get there.

Pay Off Student Loans

Save for Down Payment

Save for College

Pay off Mortgage

Retire Rich Tax Free

Invest & Build Wealth

Transform Your Finance...Have a Financial Plan