S.H.I.E.L.D Your Finances From Total Destruction

Brent Pittman —  05/14/2012

S.H.I.E.L.D costumes

This summer Nick Fury and the Avengers are protecting the earth from total destruction from the evil Loki. The Avengers elite unit was dubbed S.H.I.E.L.D.

You can protect your finances by learning how to S.H.I.E.L.D. them from harmful elements. Unless you act, you’ll  be banished to debt slavery, interest rate annihilation, and the scariest of all–government dependance.

**There are no spoiler alerts, you may proceed reading without fear.

S.H.I.E.L.D. Your Finances

Save- Having an emergency fund will SHIELD you from the little bumps along the way, like robots destroying your vehicle with death rays.

Heath Insurance– The number one cause for bankruptcy is due to medical issues. Having health insurance will help SHIELD you and your family from a bankruptcy due to a medical illness. Make sure you have a high or unlimited lifetime payout.

Long term disability insurance is also a key to this battle plan as ages 25-55 or more likely to become disabled than die.

The Avengers Lego

Are Superheros insurable?

Invest- Invest for retirement as soon as debt is vanquished and your emergency fund is topped off. You don’t want to rely on Social Security–it likely won’t be there or be enough. Invest for your kid’s college and in continuing education for yourself too (How to make indestructible shields 101).

Emotions will turn you into a hulking green monster. Greed will lead you down a path that has no end. Becoming fearful will cause you to change your investing plan at the wrong time or invest in products sold on late night T.V. like gold.

Lower Expenses- Having a budget will help you measure your expenses and where you can eliminate vampire spending. Hammer out the details of your budget with your spouse before the robots invade earth.

Thor action figure

Thor can hammer out your budget if you have trouble.

Debt can kill. The best way to avoid total financial destruction is to avoid debt. Being debt free is awesome and enables you to do cool things with your money–like buy really expensive Avengers costumes.

Protect your personal finances by employing these tactics from SHIELD and you’ll be on your way peace on earth without the threat of evil robots.

Photo Credits chris favero1upLegoDunechaser (Creative Commons)

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Brent Pittman

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Brent is a financial coach and writer looking for the perfect donut. He believes personal finance should be both fun and accessible to anyone willing to learn.
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  • This is a great analogy Brent, and if we all put S.H.I.E.L.D. into action, we could be a lot more well-off. The legos are awesome too!

  • Mpatti

    Great post! Like this one.

  • I think the reason medical costs are the #1 reason for bankruptcy in the US isn’t because, by and large, people choose to be uninsured, but rather because those without employer-provided health insurance can’t afford private insurer premiums, have health issues and so simply can’t buy health insurance at any cost, or are refused benefits after making a significant claim because their profit-making insurer uses its complicated application to trap people into making disclosure errors.

    Any ideas Brent for obtaining affordable health insurance for the millions of Americans who don’t have access to an employer’s group plan?

    • Kurt,
      Tough issue. The big 2007 about bankruptcy study didn’t look at their cc and other debt before the medial problems-from my understanding. Those with chronic issues make it very difficult to insure-the current system does not help. 

      My whole family has HSA plan with high deductible as we are self-employed. That is one avenue for self-employed, but its not for everyone.  

      Kurt, do you run into those with people having trouble getting insurance with your counseling?