Financial Facts News Letter June 2013

Financial Facts

April 2013
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HOW MUCH LIFE INSURANCE DO I NEED?

How much life insurance is enough depends on your individual needs and your financial objectives for your family.

While life insurance cannot replace you, it can provide the funds to:

  • PAY FINAL EXPENSES
  • REPLACE ALL OR A PORTION OF YOUR INCOME
  • KEEP YOUR FAMILY IN THEIR HOME
  • ESTABLISH A COLLEGE EDUCATION FUND
  • COVER FINANCIAL EMERGENCIES
  • PROVIDE A CHILD AND/OR HOME CARE FUND
How much life insurance is enough?

This question is best answered through an analysis of your family and financial situation, as well as your financial goals and objectives.

MESSAGES
from the Masters…

DEVELOP THE DO-IT-NOW HABIT

by Tom Hopkins

Self-Discipline really encompasses nearly everything in life. Do you remember in school when you were given 30 days to write a term paper? Did you start it that first night?

Most of us didn’t. Instead, we thought about it every night. “Got to get moving on that ratty project. But I’ve got almost a whole month left–it can wait.” As time goes by, worry about getting a failing grade looms larger in our minds. At first the pain of starting the term paper is greater than our concern about the failing grade, so after a week we still haven’t started. Two weeks go by. What are we doing every night before we go to sleep? Worrying about that F. “I better start. Tomorrow I’ll get moving on it.”

A week before the term paper is due, the F is getting larger–but it’s still not quite large enough to offset the pain of working at preventing it. All of a sudden there are only three days left before it’s due, and at last the F looms larger than the pain of working on the term paper. So we start.

As you lay it out you begin feeling some enthusiasm. “This isn’t bad. I may get an A if I do this and do that.” When you walk in with your paper you’re happy, but you wasted 27 days worrying about starting. In other words, you operated at a deficit emotionally for 27 days when you could have been in the profit column the whole time. Move into the emotional profit column right now; starting today, get your priority tasks and actions handled promptly. Plan your actions, then act on your plans. Apply this determination to every area of your life and it will make an enormous difference in your income, growth rate in business as well as your satisfaction and growth rate personally.

The portrait of a man who was being called the Whiz Kid on Wall Street appeared on the cover of a national magazine many years ago. He was one of the first to put a conglomerate together, and some of the federal laws affecting business in the early 70’s came about because of the trends that his creativity set off. At the time he was 42, he was running one of the largest industrial combines in the country, the conglomerate he had built himself. So the magazine had assigned a journalist and a team of researchers to do an in-depth report on this entrepreneur.

One of the researchers went to the small city the dynamic executive had left 15 years earlier. A few items turned up there about an alcoholic with the same name who had been sleeping on park benches at that time. The researcher passed this information along, and as the journalist was concluding his interview with the Wall Street powerhouse in his plush office, the journalist laughed and said, “Believe it or not, a man with your exact name was sleeping on park benches and getting ousted by the police when you lived in your home town. I guess the poor guy was a real wino. Isn’t that something?”

The president looked up and smiled. “That was me,” he said.

The reporter was flabbergasted. “This can’t be. You’re kidding.”

The president of the conglomerate leaned back in his leather chair and shook his head. “I’m not kidding. The wino sleeping off drinks on park benches was me.”

The journalist stared at him for a moment and realized that the man was telling the truth. He also realized that now he had a whole new story. When his apologies were waved aside, he said, “I have to ask, what made you change?”

Listen to what he said because so many people fit this mold: “When I was sleeping under newspapers in the park 15 years ago, I knew that someday I would do what I’m doing now. I was just waiting until I was ready to start.”

Do you know how many people are like that? “Well, next year’s my year. I’m going to get to work then. You just wait and see–right after the first of the year I’m gonna start shaping up.” But of course the time to get going never quite comes for most people. They have good intentions, but are lacking the two most vital components of any good deed: the motivation to begin and a strategic plan to keep them moving forward.

You see, by not beginning, you’re not risking failure, but you’re also confining yourself to the level of success you currently have. If you’re happy with that, fine. If not, make that plan and get fired up!

If your potential for greater success is nagging at you, don’t wait. Time is flying by so fast. Start today to achieve the greatness you know is within you.

Brought to you by:

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Boyd R. Kelley
Kelley Insurance
615 N. Burleson St
Giddings, TX 78942
855-664-2771
Randysmyagent
http://finsecurity.com/Randysmyagent.com

About our firm:

“Insurance you can TRUST”

Kelley Insurance will help you with all of your insurance needs. We don’t just sell insurance, be build relationships and friendships. We understand how it is shopping for coverage, that’s why we are a independent agency, which means we do not work for any insurance company we work for you – our prospective client. We appreciate the opportunities we are given to earn your business. Kelley Insurance is authorized to offer all of the major carriers plans and policies to ensure we can provide you with the right plan, at the right time for the right price. So give us a call at 855.664.2771 and allow us the chance to earn your business – you won’t be disappointed..

QUOTES
from the Masters…

On Happiness

“The road to happiness lies in two simple principles: find what interests you and that you can do well, and put your whole soul into it – every bit of energy and ambition and natural ability you have.”
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