Insurance
“Insurance is a fundamental component of wealth creation. It protects the assets you have now and therefore helps secure the future. It is not a luxury. It is a necessity.” Quote from Paul’s book.
I think in many youths’s mind, insurance is not so important, they cost money, but bring nothing beneficial when everything goes right. However, it is wrong.
"young invincibles" - 19 to 29 year olds who don't get health insurance with their jobs and don't carry individual coverage, often because they consider it a major expense they can live without. According to the report, across America, there are 13.2 million "young invincibles," who make up 30 percent of all uninsured - a number that's expected to climb in this economy.
young adults also have the highest rate of injury-related emergency room visits of all age groups - 46 percent of young uninsured adults reported having medical debt as a result.
It's worth it to pay that little bit of money a month and then be OK, be able to go to the doctor when you need to.
One needs to understand even if you’ve earned a lot of money but without adequate insurance, you may loose the money no matter how much effects you paid for them.
There are many kinds of insurance, what we need to do is to avoid having wrong insurance which would be a waste of money.
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