As your wealth increases, you have an economic incentive to protect it. The least expensive way to do this is by purchasing an umbrella personal liability policy. You likely will be carrying personal liability coverage of about $250,000 total on your auto policy and on your homeowner’s policy, but it is expensive to increase the limits on these policies. Instead, you can buy a $1,000,000 umbrella policy for about $200 per year. It will pay any excess claims above the limit of $250,000 paid by your auto or homeowner’s policy.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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