Baby Needs a New Pair of Shoes

Ironically, if you’re worried about taking risks. No need to worry for there is the house you can bet against after you’re on a losing streak with the lenders and bankers.

For most American, the average expense includes mortgage (rent), car payment, registration, sales tax, income tax, property tax, retirement tax, etc. For those concerned with mitigating risk, there is the insurance industry to contend with. This is when you really play again the house. Each year, I am sure millions of American go without cashing in on any of their insurance policies, from car insurance to property insurance to disaster insurance to life insurance to travel insurance. Where does that money go? Please comment below if you know where the unissued insurance money go? Who becomes the true beneficiary?

In most states it’s compulsory to have insurance. And if a claim is never placed on the policy, what happens to all that money paid into the premium? Does the asset get traunched and distributed to the beneficiary?

So the irony is that folks don’t want to take high levels of risk, but they will go up against the house all the time and lose. So the insurance companies can bank on your fears in return for a marginal amount of safety and security.

While you’re contemplating risks, maybe you should consider investing in Alset Community, an alternative to the current economic system.

https://www.yourealset.com/