1. EachPod

Can You Really Make Money by Taking a Vacation?

Author
Jesse McFie
Published
Tue 04 Jun 2019
Episode Link
https://wealthtalks.libsyn.com/can-you-really-make-money-by-taking-a-vacation

Some gurus say you can “make money” by taking a vacation financed by a policy loan, but is this really true? 🤨

Taking a vacation is an obvious expense - there is a cost - at some point you have to make the money to pay for your vacation.

 

Here’s how to tell the Facts apart from Fluff. Yes, you can “Recover/Offset” money on your next vacation… and it also takes TIME.

Checkout How to Recover Thousands on Your Next Vacation - Article for further info with a numeric example.

When it comes to your Homeowner’s insurance 🏠…

  • How many times have your filed a claim in the last 7-10 years?
  • Do you usually file small claims (say under $5,000) or take care of them out-of-pocket?
  • What is your deductible?

 

Your answers to these 3 questions could help you save on your premiums in the future.

 

Resources:

Get Your LexisNexis Personal Report

To Claim or Not To Claim - Article

More About Umbrella Insurance (including Average cost) - Article

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