Permanent life insurance

socbe7 said

What kind of investments would you recommend? I've only recently finished school and started my career so I don't have a lot to invest yet, but hope to start investing soon.



Our incomes are about the same. We don't have kids. It sounds like term life insurance is the way to go for us, but I'm leaning towards waiting until we're married.

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My bank account would tell you not to listen to me.

:hihi:

Truth is that there are so many different variables that directly depending on your situation. You would need to sit down and ask these questions to yourself. Probably a few I'm leaving out here, but it's a start. How big of a increase in income are you looking at over the next five years? Ten years? Is your occupation recession proof, or do you have the chance of decreased income from time to time? How is the student loan situation? Debt situation? Amount of current capital you have on hand? Stuff like that.

Personally, I'd look into buying a duplex, and rent one side of it out, and live in the other. The tenet will help you pay the mortgage, and when you move out in a few years, you rent the other side. You now have an income generating property in your portfolio. From there, you can buy one or two more, or whatever level you feel comfortable with, and you have a great stream of mostly passive income that grows with inflation.