Term Life Insurance

Term Life Insurance Maybe you have heard “buy term and invest the rest” For most people term is probably the better choice, but that depends on the wants and needs of the purchaser. There are different subcategories of term insurance. Understanding the Basics of Term Life Insurance Is a set amount of insurance for a…

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Understanding Health Insurance

Understanding Health Insurance

Understanding Private Pay vs Single Payer Insurance and Disability Insurance can be bought for almost anything you can imagine. For the purposes of this blog, we are focusing on individual insurance and the insurance everybody needs. I am licensed in life, health, property, and casualty. Single payor health insurance/socialized medicine Most controversial of all insurance,…

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Understanding Auto Insurance

Auto Insurance

How much Car Insurance should I have? It doesn’t make sense to buy full coverage if you have an old vehicle. If you get into an accident and you are at fault, and the repair costs more than the value of your vehicle, they are going to take your vehicle in exchange for that coverage.…

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Understanding Your Homeowners or Renters Insurance

Home Owners Insurance

UNDERSTANDING YOUR HOMEOWNERS OR RENTERS INSURANCE How much is too much or too little? You are more likely to not have enough than too much. Rates will vary based on needs. Property and casualty apply to those who own a vehicle or rent or own a home. Having proper homeowners’/renters’ insurance If you are a…

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How to Control Debt

Burden of Debt

How to control Debt Does “good debt vs bad debt” exist? Bad debt charges an interest on items that depreciate, while good debt has a return on investment. Using a credit card for a consumable item like buying clothes, going out to eat, or a loan for a car that depreciates in value is bad…

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How Can I Determine if I am in the Middle Class?

Save The Middle Class

Three subcategories exist for the Middle class. Lower Middle Class, Middle Class, and Upper Middle Class. Fortune had an article from January 2022 looking at middle class on a national scale. Click here: Fortune Article – Here’s who is considered middle-class—and how they fared during the first year of the pandemic Based on income alone…

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Getting Out of Poverty

Getting Out of Poverty

  Who’s to Blame for Poverty Can anyone relate to these thoughts: “People need to take care of themselves and not live off the taxpayers. I am tired of working hard and my tax dollars benefiting those that aren’t working. Maybe we wouldn’t have to pay so much in tax if we didn’t have people…

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Global Poverty vs United States Poverty

Poor Family

Defining Poverty Each country’s government gathers information, as well as the World Bank that conducts their own surveys. The World bank uses a method that gathers information on household income then divides the income by the amount of people in the household. It is measured against the costs of food, clothing, and shelter. This method…

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Types of Poverty

Different Types Of Poverty

Prosperity Club focuses on class differences to distinguish between incomes. Don’t assume that those with the most education or most money are better at handling money. Prosperity Club’s blogs will help you learn where you need to start to the best of your ability. You will read about some ideas of how to prosper without…

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