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Luckily, feeling wealthy is less about the money in your bank account and more about your attitude toward the money you already have. In short, your ability to feel wealthy depends on "what your experiences and perceptions on money are." This involves letting go of a well-known number like $1 million and embracing your personal financial journey, she says. Goals such as establishing an emergency fund or improving your credit score, when reached, can help you feel wealthy without having to build a huge net worth. In other words, you don't need $1 million in hand today to feel wealthy — just a plan to grow your money over time.
Persons: Paul Morrone, , Rachel Elson, Elson, Morrone, There's Organizations: Northwestern Mutual Locations: North Haven , Connecticut, San Francisco , California
Fewer Adults Have Life Insurance, but Skipping It Can Be Risky
  + stars: | 2023-05-15 | by ( ) www.wsj.com   time to read: +11 min
But financial planners say a basic life insurance policy, especially products known as term life insurance, should be an important part of many Americans’ financial plans. A life insurance policy:Replaces lost income: If you were to pass away, your family could use your life insurance policy’s death benefit to replace your income. How to shop for life insuranceIf you’re ready to start shopping for a life insurance policy, follow these steps:1. According to PolicyGenius, an insurance marketplace, typical rates for a whole life policy, the most common type of permanent life insurance, are about 10 times the cost of a term life policy. Term Life Insurance Because term life insurance expires, it's often a far cheaper option.
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