Welcome to The Loaf - making money & business more approachable for self-employed creatives & freelancers
Life insurance is a hot topic in the world of personal finance & TikTok right now.
But I want to talk about the kind of life insurance that salesman don't shill incessantly..
β Term life
I won't bore you with the details here, but there were 3 main reasons I chose to buy a $500,000 20-year policy this past week:
Flexibility
β’ If I want to stop paying for the policy, there are no fees or costs to doing so
β’ If I want to get more or less coverage, I can adjust my policy amount
Cost
β’ It cost $24.21/month for $500,000 worth of coverage
Family
β’ I'm in the process of building a few businesses and if I can't accomplish what I've set out to do because I die, my family is still taken care of
I think it makes sense for a lot of people to have term life insurance, so I wrote about the benefits, the costs, and why it made sense for me:
Friendly money & business reminders for self-employed creatives
β Think about what you're working towards
Why? Burnout is the result of creative output without direction
β’ If you don't know what you're working towards, everything you're doing can start to feel like a "waste" even if you know that's not true
β’ When you have a vision & creative direction, you can see progress and know that the work you're doing is making a positive impact in your life
Also read: How to recognize (and manage) burnout
π Economics, explained by two cows
π How to build an email list as a YouTuber
π° 10 commandments of selling a product or service
π₯ Watch: What artists can learn from Frank Ocean
βπΌ Freelance Finds: If I have a job and freelance on the side, how is that taxed?
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Thanks for reading π€
Treyton DeVore