Practical, Actionable Protection and Insurance Tips
This video provides simple, actionable protection and insurance tips in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about insurance and protecting their assets, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.
Suitable for students from grade levels:
- Elementary School
- Middle School
- High School
The topics covered are:
- Tip #1: Buy Insurance
- Tip #2: Build an Emergency Fund
- Tip #3: Don’t be Gullible
- Tip #4: Prepare a Will
Insurance and protection are two of the most important yet often overlooked aspects of personal finance.
These insurance tips will ensure you and your assets are protected no matter what.
Tip #1: Buy Insurance
Review your insurance periodically to make sure it aligns with your changing needs.
Tip #2: Build an Emergency Fund
Everyone should set aside money equivalent to 3 to 6 months of expenses for emergencies like job loss, health issues or home repairs.
This makes sure a minor setback doesn’t lead to financial distress.
Tip #3: Don’t be Gullible
Don’t fall for get-rich-quick schemes or look for shortcuts – if something sounds too good to be true, it probably is.
Tip #4: Prepare a Will
To make sure your hard earned money and assets go to the intended recipients, take the time to prepare a will that details out how your belongings will be distributed after you die.
Insurance and protection are two key aspects of personal finance – but there is a lot more to it.
Liked these insurance tips? Check out our other posts for more actionable tips on budgeting, saving and investing, borrowing and credit cards, etc.
Fun, informative and concise episodes by a 10-year old, breaking down complex financial concepts in a way that kids and beginners can understand. Episodes cover personal finance topics like saving, investing, banking, credit cards, insurance, real estate, mortgage, retirement planning, 401k, stocks, bonds, income tax, and more, and are in the form of a conversation between a cowboy (a finance novice) and his friend, a stock broker. Making finance your friend, only at Easy Peasy Finance.
A little bit about me: I have been fascinated with the world of personal finance since I was 6! I love to read personal finance books, and keep myself updated on the latest by reading various personal finance magazines. My friends often ask me questions about finance because they find it complex and intimidating. That’s what inspired me to start my YouTube channel called Easy Peasy Finance when I was 8, and this podcast 2 years later.
Simple to implement tips about buying insurance. Show notes and transcript at: Must-Know Actionable Protection and Insurance Tips Simple to implement tips about buying insurance. Show notes and transcript at: Must-Know Actionable Protection and Insurance Tips