Quote:
Originally Posted by MoneyGuy
Maybe I'm too logical about money, but as a financial planner I disagree with spending outlandish amounts on pets (I doubt I'd spend more than a couple grand), and I disagree with pet insurance. My money ideas are always totally logical, 'cause the kind of person I am; that's why when markets are miserable, I make no emotional decisions buy more of good companies. My opinion on insurance is you insure anything where a loss would be catastrophic financially (health and life), and self insure everything else (I don't buy trip-cancellation or baggage-loss insurance as those are self insurable). The loss of my dog wouldn't be catastrophic financially and there is always another dog out there I could take in and love that needs a home. Criticize my money logic if you like, but it's a big reason why I'm so successful financially.
|
Maybe it is because you are so modest.