Pet Insurance have literally saved us thousands of dollars last year. In this video, I'm sharing our real live expenses to show you how having insurance have benefitted and saved us a lot of money.
Should I get dog insurance? I always advised my friends or clients who have pets to get insurance. I created a video below talking about it.
The Pet Insurance we use is Pet's Best. We've been using them the past 2 years and have been very happy with them. Here is the link https://www.petsbest.com/PH6571093
I absolutely encourage and support everyone to get dog insurance. The policy we have for both dogs cost $250 and $182 yearly for the older 5 year old and the younger 1 year old pup. Our policy is a thousand deductible and 90/10 coinsurance. What this means is we pay the first thousand for "qualified" expenses. This would be anything the insurance do not exclude like pre-existing conditions and whatever your contract exclude. After the first thousand, we only pay 10% of the cost. So for example, if our dog have a $10K surgery that's considered a qualified expense. We pay 10% co-pay, which would be $1K then $9K will be counted towards the deductible. Since our deductible is $1K, they'll pay the rest above that, which would be $8K. So our total out of pocket expense for this $10K surgery is only $2K and 80% is being paid for by the insurance.
Take care of your babies. Get pet insurance. You won't regret it.
I get asked this question a lot during my coaching sessions so I thought I'll post a video about it.
In general, I don't go by the way most websites determine how much you'll need to retire, which is based on income. I determine when you are able to retire and how much you'll need based on your current average expenses. For example, if you are spending average $3K a month, which is $36K annually. Let's round that up to $40K. Then we add that yearly plus the 2% or 3% inflation rate and keep doing that till your life expectancy. Then add up the total from the time you plan to retire (ex. age 60 / 65 till maybe you are 80 or 90). See if you can get to that number from now till then. If you need help figuring out if you can retire, I can coach you through this. You don't have to do this alone.
I thought I'll create a video on what financial coaching is and explain a little on how I work with my clients and my process. Enjoy! If you want to get notified of new LIVE videos I'll be creating, Please go ahead and "LIKE" my FB page at https://www.facebook.com/TehFinancialCoaching. I also welcome feedback. If you have any particular topic you want me to talk about, please comment below. Thank you!
Apologize for not writing in awhile. My change in career last year have made me neglect my site a bit. I will work on trying to get regular posts in as I have a lot to share when it comes to finances.
So what have I been up to? Last year, I switched careers to be in corp finance doing FP&A (financial planning and analysis) from more than a decade in the Data Analytics (DA) field. I wanted to be in finance at my day job as working with numbers (especially money) really excites me so I decided to switch. Plus I was getting really bored with DA and don't see much of a future there. When I finally got the job, I was really excited to learn everything about finance, our business partners and the different products that our company Visa had to offer. It was a very exciting time for me indeed; and have consumed a lot of my energy. Now that my excitement have calmed down a little, I'm back to putting more attention to my main passion - helping individuals achieve financial freedom!
Aside from my day job, I continue to have sessions with my coaching clients outside the regular business hours. I also continue studying and learning whatever I can get my hands on to help me be a better coach. I've been studying tax as I get a lot of clients who ask for tax advice during our session. I started with taking the class at H&R block, then working for an individual tax preparer last year, and then this year I decided to volunteer for VITA preparing taxes for low income households (picture at the VITA site below). For more information, please refer to this link. I realize that I really enjoy doing tax as well so I want to take it to the next level by studying and committing to getting my Enrolled Agent (EA) by end of this year. So stay tuned for this service to pop up. I am really looking forward to offering this so I don't have to refer my clients out. This will make it a lot more convenient for both of us.