Quote:
Originally Posted by Runaway Finances
Well, you guys are in the vast minority from what I have encountered. Americans had a negative savings rate in 2007, so on average how could most people "invest the difference" when they were spending more than they were earning? Most of the people making posts on this forum are asking about how to pay off all their debts, and they aren't saving very much. When we give advice, sometimes that advice is good for us because we are good with our money, but not everyone is good with their money or there would not be forums like this one..
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So you are saying that if you are good with money term life insurance is better, but if you are bad with money whole life insurance is better? That doesn't make sense - It seems to me that we should teach those that aren't so good with money how to be better with money, not cop out because we don't think they are good with money.