Advice Archives - Zxcoachoutlet

Personal finance advice relies on shame; what if we tried empathy?

October 13, 2020

When June applied to be on the Suze Orman show in 2012, she was a young doctor making $58,000 a year with $240,000 in student loans from medical school and $40,000 in credit card debt. As a divorced mother with three children, who was also caring for a terminally ill parent, June’s income barely covered her living expenses. When a friend suggested that she apply to be on the Suze Orman show, June agreed; she wasn’t familiar with the show but figured it couldn’t hurt to get some professional advice.

a woman holding a cell phone: @outlandvideography via Twenty20

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@outlandvideography via Twenty20

Initially, her experience with the show producer was positive. The producer told June that she was working so hard and she was exactly the kind of person Suze wanted to help.

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That’s why she was so surprised when Orman, one of the most well-known faces in the personal finance industry, started

How Much Insurance Should You Get? A Lawyer’s Advice

October 12, 2020

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Thomas, a reader in Chicago, wrote: “Liberty Mutual Insurance television commercials, which state ‘Only Pay for What You Need,’ appear to suggest that other insurance companies will sell you coverages you don’t need. I’ll bet a lot of people wonder what they mean.”

This column has received similar comments, and to find out what ‘Only pay for what you need” means, I contacted the company’s media relations team at Boston-Based Liberty Mutual, asking them that very question. That was weeks ago, and I am still waiting for a response. So, I turned to a trial attorney whose law practice concentrates on insurance company bad faith and asked him what he thought. The discussion that followed surprised me.

Customers Typically Should Insist on More than Minimums

“When they say you will only pay for what you need, they are implying that other insurance companies will automatically sell you coverages that you

Ignore Most of the Usual Personal Finance Advice Right Now

October 12, 2020

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The intricacies of making the most of your money can be complicated, but according to just about any expert you ask, the basics of personal finance are dead simple. Have a budget. Spend less than you earn. Automate things so you save without having to do anything every month. Pay down high interest debt first. Build up an emergency fund.

We’ve all heard this kind of sensible, straight forward advice before. But the same experts who usually dish it out are now saying that, thanks to the pandemic, you may want to ignore most of it.

“Cash is king in a crisis.”

With the Covid crisis rolling into its seventh month, the economy sputtering, and many of us feeling insecure about our income, these aren’t normal times. So when Apartment Therapy recently interviewed personal finance experts, they agreed that now may be the time to put your long-term goals on

Insurance Consumer Advice for Buyers of High-Risk Homes: Liz Weston

October 8, 2020

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When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save a homeowner a bundle.

This could be a particularly important concern for first-time homebuyers and those moving from cities to suburban or rural areas who may not be aware of common hazards, says Jennifer Naughton, risk consulting officer for North America for Chubb, an insurance company.

Three out of 10 city dwellers told a Chubb survey in early August that they were considering moving out of the city because of the novel coronavirus outbreak. Meanwhile, the number of first-time homebuyers in the first half of 2020 rose 4% compared to a year earlier as lower interest rates made mortgages more affordable, according to Genworth Mortgage Insurance.

A homeowners insurance premium can depend in part on distance to

FDA Advice to Developers Makes a Pre-Election Covid Vaccine Unlikely

October 7, 2020

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An engineer works in the general laboratory during a media tour of a new factory... — An engineer works in the general laboratory during a media tour of a new factory built to produce a COVID-19 coronavirus vaccine

WANG ZHAO/AFP/Getty Images

A briefing document published today by the U.S. Food and Drug Administration makes it clear that President Trump won’t be able to push through a Covid-19 vaccine before November’s election.

The FDA posted the 38-page briefing on its website, ahead of an Oct. 22 meeting of the agency’s outside scientific advisors on development and authorization of Covid vaccines. Inside, the agency reports that it has advised vaccine developers not to apply for an emergency use authorization until they’ve followed-up on clinical trial participants for an average of two months after the last shot.

A two month follow-up would make it late November for the vaccine being tested by

Pfizer

(ticker: PFE) and

BioNTech

(BNTX), writes Raymond James analyst Steven Seedhouse in a Tuesday

Best Personal Finance Advice From the New Experts for Managing Money

October 1, 2020

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There is a whole new generation of personal finance experts tapping into specific modern needs.

Unvarnished in style, these new challengers are gaining an audience among those who find established gurus like Dave Ramsey or Suze Orman a bit, well, staid.

They offer advice with attitude: telling their followers to get financially “naked,” warning about reptile-like salesman or yelling that we should save until it hurts.

And people are listening. These new voices have email lists and social-media followings in the hundreds of thousands and are increasingly adding that more traditional marker of influence — a best-selling book.

They’re breaking through at a time when people are searching for help with their planning in the form of an easy read. Annual U.S. personal-finance book sales are up 50% from five years ago, data from NPD BookScan shows. The Covid-19 pandemic has supercharged this trend, pushing sales of the genre up

Jet2 is offering customers a new insurance policy in case Foreign Office travel advice changes

September 30, 2020

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Wednesday, 30th September 2020, 9:27 am

Updated Wednesday, 30th September 2020, 9:27 am

Travel operator Jet2 has launched a new travel insurance policy which includes cover for travellers if the Foreign, Commonwealth and Development Office (FCDO) changes the travel advice to their holiday destination (Photo: Shutterstock)

Travel operator Jet2 has launched a new travel insurance policy which includes cover for travellers if the Foreign, Commonwealth and Development Office (FCDO) changes the travel advice to their holiday destination.

Although the company already has policies in place specific to Covid-19, this new addition will mean that holidaymakers are covered if new restrictions come in place.

Travel advice continuously changing

During the Covid-19 pandemic, the FCDO has been changing travel restrictions for different countries, in line with their own coronavirus infection rates.

In some cases, it has changed

Consumers Receive Legal Advice on Criminal, Personal Injury and Matrimonial Matters on The First and Only Legal Podcast for Individuals

September 29, 2020

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VIENNA, Va., Sept. 29, 2020 /PRNewswire/ — Access to much-needed legal advice is nearly impossible for a large majority of Americans because of cost. Now, anyone can get analysis and advice on three legal areas by listening to THE LEGAL MERRY GO ROUND three times each week.

With a focus on the three areas of law that affect most consumers – divorce, personal injury and criminal matters — attorney Paul Samakow makes it easy for the average Mary and Joe to get relevant legal insights in the privacy of their own home, with a podcast that is available on many platforms, including Apple, Stitcher, Spotify, iHeart Media and many more.

In addition to the advice dispensed on the shows, visitors to the podcast website – https://www.thelegalmerrygoround.com — can download FREE reports on a wide variety of legal topics of common interest.

“I created The Legal Merry Go Round podcast

Avetta Suppliers Working with Towergate Insurance Brokers to Offer the Best Advice Backed by Quality Insurance Programmes at a Competitive Price

September 26, 2020

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OREM, Utah & LONDON–(BUSINESS WIRE)–Avetta®, the leading provider of supply chain risk management, can now provide access to suppliers insurance cover from Towergate Insurance Brokers in the Avetta Marketplace™. Towergate offers more than 80 insurance programmes—from care and medical to liability and trade—to meet almost any insurance need. Towergate employs 1,800 staff members to provide premium advice, service and support nationwide.

“UK suppliers serving the supply chain industry now have one place to get all of their insurance needs at a competitive price for the risk,” said Richard Parke, SVP Supplier Services at Avetta. “The Avetta Marketplace provides both value and convenience. Suppliers using the Marketplace know they are getting services matched to their needs at significant savings. And, clients using companies in their supply chains know they are receiving the best risk management and insurance-related services to protect them.”

Towergate works with the UK’s leading insurers so

MONEY Official Site – Finance News & Advice Since 1972

May 20, 2020

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Customers Typically Should Insist on More than Minimums

“Cash is king in a crisis.”

An engineer works in the general laboratory during a media tour of a new factory built to produce a COVID-19 coronavirus vaccine

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Travel advice continuously changing