There are no parents who do not have their children in mind when it comes to thinking of protect them. From medical expenses to college expenses, parents would like to have everything covered throughout their development, but money is commonly a limiting factor. However, you can protect your children through personal investments that pay for what they are going to need at different age stages.
Approach Life Insurance
Despite there are many life insurance plans for children that you can find while shopping around, financial advisors recommend avoiding buying this type of coverage. Life insurance could be a good investment to protect your children not from the approach to insure them but insuring yourself. Your own life insurance policy can produce cash that can be used to invest with your children's education in mind or to pay for other expenses when the right life insurance policy has been taken out.
Getting Health Care Insurance.
Carrying health care insurance will be mandatory for all Americans starting in 2014 so that, this is the right moment to think of shopping around for the best health insurance policy that protects your children and the whole family. You can buy individual health care plans for your children, but experts recommend the analysis of the different deals to find the best and avoid paying extra coverage that might not be used. As an example, why you should pay today for pregnancy expenses for your toddler girl?
A Piggy Bank Alternative
Piggy banks are meant to teach your children the importance of saving money, but practicing what one preaches is the best way to help them understand the importance of saving money. This way, start building a savings fund at the same time -- your own piggy bank even if it set as a bank savings account -- and reserve this money exclusively to cover expenses pertaining your children development.
Using Financial Talents
If you have set aside a stash of money to protect your children, consider the opportunity to make it grow by investing in life insurance, stocks, bonds, mutual funds, or real estate. Nonetheless, keep in mind that this is not a game of chance and also not an action that has to be performed without the proper knowledge of what you are doing. Investments always carry a risk factor that you should be able to cope with. So that that said, if you want to protect your children through personal investments this way, get a financial advisor to help you.
Most of the time we mommy(ies) just cannot get enough sleep because we have work to be done urgently, let alone taking care of our toddlers/kids/babies, and sometimes for those working mommies who work for a certain company which they shift from day to night then for the another week or month will going to shift from night to day -- that such more difficult, I think.
So there is no consistency in the time you slept at night, because of that you cannot get enough sleep, even though you have done your work early but in most nights you slept like 2:00 a.m. or 3:00 a.m. for an example, still even you want to rest early that night still you cant slept, what I did to make my eyes tired and slept early is to read books or listen to mellow music of my little one's favorite lullabies in Pandora (in this way, she and I can sleep together) especially when insomnia attack.
To have enough sleep is very important. This can help our body regain more strength in the next day of working at home or in the office. So make sure to have enough sleep, take vitamins or drink milk before sleeping time.
With the new economic trends, there are many investors looking for different ways to make their money work for them. Infomercials and books advertising ways to invest in real estate and debt buying are enticing everyone, including us mommy(ies) of course, from young investors to those who are looking for a way to diversify their portfolio. These investments may work for some people but most of the time they become part of the list of investments your children will learn from.
Ponzi Schemes. This type of investment usually comes with an outrageous guarantee that if you put in a certain amount of money you will certainly get back an amount much higher. The problem with these investments is the only person making money is the one selling you the investment. In reality the investment itself does not truly exist and you will lose thousands of dollars if not more. Most people did not know what a ponzi scheme was until the media began reporting on people being arrested for facilitating them.
Unsecured Loans. This investment can be risky no matter how you choose to do it. If you choose to take out a payday loan in order to fund your investments, you may find yourself unable to pay back the loan amount. Those who do not need to borrow money to make an investment may choose to invest in lending for payday loans. In this journey, you risk losing your money due to the borrower not repaying the loan.
Precious Metals.
Investing in metals such as gold and silver may seem like a great idea at the time you are considering it. The problem with this investment is the risk of dropping prices which can happen at any time with little or no notice. Another important issue with investing in precious metals is that they are not a good source of continuous income like other investments are. In order to successfully invest in a metal such as gold, it is very important to follow the values very closely. This will allow you to sell the gold before the value decreases and you are forced to take a loss.
Real Estate. This investment may not seem risky to most people, but the real estate market fluctuates frequently. If you choose to purchase a building or home out of foreclosure in order to flip it and resell it, you will want to work fast and try to keep your budget low. The longer it takes to sell the home the more you will be spending on loans and interest. On the other hand if you purchase rental property, there is always a risk that your tenants will not pay the rent or will damage the home while they are living there.
Toddlers want to feel included and competent, so choose books that your child can follow along with, especially those with repetitive text so she can fill in words. Maintain your toddler’s interest by choosing books with short text on the page, as well as books about topics that you know are of-interest.
For younger toddlers you would want sturdy board books with pictures of kids doing the things they do everyday, nowadays there's already an iPad. Books about bedtime, baths, or mealtime are all good choices, so are books about saying hello or good-bye. Keep active hands busy with lift-the-flap pages and textures to feel.
Toddlers from 24 to 36months are able to turn paper pages, so this is a good time to explore beyond board books. They are also beginning to understand the mechanics of reading and like books that are repetitive and easy to memorize so that they can read along.
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This blog is a personal blog of random thoughts written and edited by me. For questions about this blog, please contact "Cacai M. (cacainad [at]gmail [dot]com)". Beginning this day, 2nd day of July 2011, this blog accepts forms of cash advertising, sponsorship, text link, or other forms of compensation. My Journey Being a Mommy blog accepts forms of cash advertising, sponsorship/advertisement/ads, text link/paid insertions or other forms of compensation. The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always be identified as paid or sponsored content. The owner of this blog is sometimes compensated to provide opinion on products, services, websites and various other topics. Even though the owner of this blog receives compensation for my posts or advertisements, I always give my honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this blog are purely my own. I am expressing my own opinion about products and services, but I am not endorsing them. Thus, you should do your own research on products and services that I mention here in my blog. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. About writings, pictures, or images of this blog -- you may not copy or reproduce any of it without prior consent of the blog owner, or written permission. This blog does contain content which might present a conflict of interest. Again, any further question/s, concerns, clarifications, and the likes -- please contact me through my email add: cacainad (at) gmail (dot) com .
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Protect Your Children Through Personal Investments
