Your cousin Fred, who has already burned your brother and sister, will likely not pay you back, both. The good thing to do is decline his requests for help—you’re making an attempt to make ends meet additionally. The $3,000 used to buy the Jet Ski would have amounted to nearly $49,000 in forty years at 7% interest, an inexpensive average annual return for a progress mutual fund over the lengthy haul. Thus, delaying the decision to take a position wisely may likewise delay the power to succeed in your aim of retiring at age 65. If one thing occurs to you, life insurance coverage may give these you allow behind a buffer zone to cope with the loss and get again on their ft financially.
