Monthly Archives: November 2016

COLLEGE DEBT CRUSHING GRADS

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#CollegeGrads #jobs #debt
One graduate has resorted to selling her eggs to help infertile women.
She is one of many college graduates who have huge college debt and not enough income to easily pay it off.
Her story and others were relayed by Kala Kachmar of the Asbury Park (N.J.) Press in an article also published in the May 8, 2016, edition of The Tennessean in Nashville as part of its USA Today supplement.
About 2 million borrowers bear a $1.3 trillion loan burden, the headline reads.
“Who wants to live at home at 29? I don’t. But, luckily, I can. … I shouldn’t be living paycheck to paycheck,” the article quotes Christyn Gionfriddo of Neptune, N.J.
Let’s examine what has happened. We have gotten constant messages for decades that to get a good job, one needs a good education – a college degree. Colleges and the government have made it easier for students of all income levels to go to college.
Some of the vehicles used to facilitate students getting into college involve loans that students are not obligated to begin repaying until after graduation.
In theory, this plan works if students can convert his or her education into a good-paying job.
That doesn’t always happen.
Therefore, students are graduating with huge debt that may be difficult to repay, if their incomes can’t support it.
Some, in fact, will try to avoid repaying it.
What’s a young person to do?
First, determine in your high school years whether college is right for you.
It’s certainly a nice goal to have EVERYONE get a college degree, but today’s economics require a more in-depth thought process for each student.
Ask yourself, if you go to college, what is the goal when you graduate? What kind of income will you be likely to earn with your degree? Will you need loans to get through school? What is the likelihood of you getting a job in your chosen field immediately after graduation? Will it be enough for you to live a decent life, and pay off your debt?
If you’ve determined that college is worthwhile enough to borrow money for, then watch your spending while in school. You may have to forgo some good times, get a part-time job and otherwise be somewhat miserly. Watch every dime you spend and make sure it is worthwhile.
If you determine that college may not be right for you, don’t fret. There are other ways to make an income without having to worry about what kind of job you have. To learn about one of the best, message me. You’ll learn about people of all income and education levels spending less, and potentially earning enough to pay off any debt promptly.
In short, don’t view going to college as an automatic decision. Don’t view your education as an interlude to be young, boisterous and have a good time. Because, when you grow up, there could be a big debt welcoming you to adulthood.
Colleges don’t care what happens to you once you get out. But you should take that into account before deciding whether to go to college.

Peter

BE A HAPPY, OPTIMISTIC PROBLEM SOLVER

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What qualities does a leader have?
He or she is happy, optimistic and a problem solver.
So says Dr. Dale Henry, a Tennessee-based educator, trainer and speaker, and owner of Your Best Unlimited training academy.
Henry’s speech, given at the Leadership Cumberland graduation ceremonies in Crossville, Tenn., Aug. 23, 2016, was titled, “Look Before You LEAP – For the Landing Spot.”
Henry says that despite those desired qualities in a leader, we all tend to be whiners.
When we have difficult decisions to make, our first question tends to be,”Whose Fault Is This?” Who is to blame for the difficult circumstances we are in.
Casting blame takes valuable energy away from solving problems.

We tend to gravitate toward, “the world is going to hell in a handbasket,” instead of “the future looks very bright.”
Let’s take Henry’s three characteristics and break them down.
First, being happy is something that doesn’t always come naturally. Often, we get thrown curve balls in life and, when we get enough curve balls thrown at us, we tend to lose our happiness. Leaders tend to look beyond circumstances toward what’s good in their lives, and focus on that. So, happiness is not always natural. Sometimes, we have to work on being happy.
Optimism has much the same quality as happiness. If one watches the TV news, reads newspapers etc., one finds optimism stealers galore.
Whether it’s a natural disaster, humans behaving badly or overzealous actions on behalf of one’s beliefs, it’s not easy to be optimistic about the future.
Yet, there is so much good going on unnoticed. Amid disaster, there are people giving their time, talent and treasure to help. Amid criminal acts, there are people bringing those responsible to justice. Amid overzealous actions, there are calm and reasoned voices attempting to deal with the problem.
As individuals, we must be leaders. We must see what is good in our lives and focus on that.
Solving problems can be much more difficult than casting blame.
When a tough decision is before us, we must remain calm, rational and curb whatever emotion we bring to the problem. We must take each solution and weigh all aspects. We must look for the potential good in any bad situation.
Our natural tendency is to whine We must recognize that tendency and overcome it by dealing with what’s next, instead of what was. We like to wish we could go back to what was, but when we can’t, we must realize that our only option is to move on. We should do so with the utmost happiness and optimism.
If you are a happy, optimistic problem solver, or believe you can become one, and are looking for action you can take to better your life, message me.
You can perhaps become a person who will not only have done that, but also have helped others do the same.
As has been often said, the windshield has a better view than the rear-view mirror. Continue to look forward, knowing you can make YOU better. If you focus on making you better, others will see it and follow you. That will make your community, country and the world better.

Peter

INSURANCE BUSINESS CAN BE MESSY

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#insurance #healthinsurance #riskmanagement
The insurance business can be messy and complicated.

Some insurance is mandated. For example, a minimum amount of auto insurance, usually liability insurance, in case someone else gets hurt, is required in most states.

Health insurance, under the Affordable Care Act, is now mandated. We can certainly debate the necessity of that – perhaps later.

Life insurance may be the only one that is completely optional, meaning it’s not mandated and many people can live without it.

But even if insurance isn’t mandated, it may be – or should be – something we can’t really live without. When a person doesn’t buy flood insurance because it’s too expensive, but lives in a flood-prone area and gets flooded, many thoughts crowd her mind, and the minds of others watching. Those others watching may want to help, but may cringe at a Go Fund Me request to help HER. They might prefer to help the responsible folks take care of necessities that their flood insurance may not cover.

As for health insurance, the business model may seem complicated.

All insurance business models are about “risk management,” which may seem like a vague term to most, but we’ll use health insurance as an example as we break it down.

The health insurer collects premiums from folks who are healthy, and not making any, or are making very few, claims. When a person gets to a point in his life that he needs to make perhaps significant claims, those premiums he paid all those years may not matter.

The insurer will use all kinds of gimmicks, technicalities and even trickery to find ways to either not pay a claim, or pay as little as possible. They may often put consumers, already dealing with what ails them, through an incredible process to get their money. The more daunting the process, the more likely people will give up.

Remember this: just as consumers don’t like to be put through a wringer to get what they are owed, the insurers don’t like to be pestered day in and day out, either. The rule of thumb: if your policy says you are covered, fight for what you are owed. If the company doesn’t pay, sue.

Then, we have the standoffs between providers, usually big providers who may be the only game in town, and insurers over fees, reimbursements etc. You see insurers use their leverage to give the least to the provider, and you see the provider using its leverage by not taking the insurer’s policyholders as patients.

Remember, an insurer’s promise of coverage with your provider is made to be broken. In standoffs like these, the patients (policyholders) suffer and no one cares.

New York Times columnist Paul Krugman wrote that despite the exit of some big insurers from the Affordable Care Act marketplace, the law is working well, reducing the number of uninsured Americans considerably. His column was published Aug. 22, 2016, in The Atlanta Journal-Constitution. Though some insurers’ exit from the marketplace is a concern, Krugman says the problem can be fixed if people can learn to work together to do so.

The U.S. is the only major nation in the world in which health insurance is left up to the free market. Some advocate that we move to the single-payer system, in which we’d all have health insurance through the government. There are pitfalls here, too.

The insurance industry provides many, good-paying jobs. Many of those would be gone in a single-payer system. Drug and device companies rely on their U.S. profits for much of the money that goes to researching new and better treatments.

What to do? Determine what insurance you need and buy it. You may have to give up some pleasure and deal with some messy situations along the way, but going without can create far worse consequences. Remember the Fram Oil Man ads: pay me now, or pay me later.

If you are having trouble paying your premiums, look for other ways to make money. There are many part-time options out there that could even give you enough to surpass your main income. To check out one of the best, message me.
Insurance is messy. You may have to shop around frequently for the best deal, but paying penalties, or just taking the risk that you won’t need it, is a recipe for disaster.

Peter