I had a meeting this morning with a bunch of business professionals and the main speaker today was talking about Life Insurance and how to use Full Term Insurance to benefit your future. This guy has a tough job and I do not envy him. To constantly be focused on death day in and day out and the stress that comes with how your money is handled once you or a loved one dies must be exhausting. It did get me thinking a lot about my future though...
I do have a Life Insurance policy. I couldn't really tell you more than that...lol. I signed up for it a few years ago after a lady visited my networking group and duped me into a meeting. She made it sound like she wanted to learn about my business but in reality, I was just a sales target and the only way to end the awkward as all get-out face-to-face meeting was to just sign up for the insurance and be done with it. She was très pushy. But I digress...
So I have this plan and I pay into it monthly, and I know it's convertible. (whatever that means) That lady no longer works at the company and so it's one of those financial assets that I feel remarkably unconnected to and I've just gotten used to paying into it. Oh and...before you worry, I do have a handful of other very qualified professionals whom I could reach out to. It's on my list of adulting for sure. Anyway...while this guy was going on and on about Life Insurance I was thinking about this chance encounter with the woman who I don't really remember, and the policy I don't even fully understand, and how it's just kind of become part of my monthly billing cycle and I thought to myself, is there a way to make Crypto an alternative form of income for my future? I mean obviously, it's not the same, but it could be treated in the same fashion, where I pay into it for so long I don't even feel the money leaving my account.
After really mulling this one over I've decided I'm going to stop my auto transfers into my Acorns account and instead take that same money and invest it into Crypto. I'll need to meet with my financial freedom guru Mr. Money Magnet @leoschein in the next week or so just to reaffirm my idea...but I think it's a good one.
What do you guys think? Have you done something similar? If so how did it work out for you?