RE: Insurance pays someone but the odds are stacked against you

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Insurance is stacked against you: on average, you'll lose money. But just a bit of money.

But the point of paying insurance is exactly that: you're paying a bit of money in order to protect yourself from being the unlucky one that would lose A LOT of money and screw its own life.

Yeah, on average, you won't be the unlucky one. But in real life averages don't matter, because we, humans, only have ONE life. If we end up being the unlucky one, we don't have other lives to average out the problem, we only have one and we just screwed ourselves from it.

!LUV



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(Edited)

HAHA. You are right. It would really suck to be the unlucky one... Buuuutttt..... Most people don't get back more than two-thirds of the money they pay in insurance. Even in the long term.

So, rather than paying for insurance, you will be better off investing in stocks and earning interest on that money than giving it to the insurance company to make money with your hard-earned money

If you do want to put something away in insurance just so you don't get to be the unlucky one, then, the best would be Health Insurance.

Edit: Thanks for reading and sharing your thoughts. I appreciate you.

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