Of all the investment advice I give, here’s a cliche: Don’t invest!

Yes, you read that right.

Don’t invest until you have had a subscription to these two things:

  • Life insurance for yourself, to take care of your family if something unfortunate happens
  • Health insurance for you and your family, to protect from huge financial crunch, in case of hospitalization, if any

We usually ignore these costs, thinking we’re young and we don’t need those.

However, the very nature of contingency is it does not knock the door before arriving. We owe it to ourselves and our family, to be insured against it.