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Update - Turns out that my monthly $150 payment for my insurance plan was due on the 10th, same day when all this was unfolding! That didn't give me much time to think about it. I made my decision much quicker than I would have otherwise done and called to cancel right away. I was able to put...

:facepalm: I will need some time to process this and figure out my options. If I cancel, does anyone know if I at least get my investment part back? I have invested $750 so far...

Much appreciated. This is helping me tremendously, although a little scary that I may not be on the right track. The variable universal life insurance plan that I am contributing to is Axa Incentive Life Optimizer® II Side note - my username comes from my attempt to save up all(some) of my...

I don't really understand why everyone is totally against the variable investment life insurance policy. For now, the life insurance part is just a security measure and by signing up for the plan at an early age, I qualified as Preferred Elite which means less fees and can ensure I will have...

Yeah, but I don't think I would get approved for a significant amount. Just getting the companies to increase limits on my old cards has been a struggle. I don't want to be in a situation where I take a hard hit on my credit and get approved for something like $2k.

I don't know if all variable universal life insurance investment options are alike but right now I have $X face amount immediately valid, out of the $150, a little more than $100 goes toward investment account and the other $50 is fees/actual life insurance payment. After 30 years of payment, I...

Oops, sorry about that I posted a link there to the specific investment which is frowned upon for new members. To answer the original question, yes I am investing in a variable life insurance option that looked pretty good to me. I can't say I fully did my research so just a bit worried...

My monthly expenses are $2,500 including $650 loan payment. This leaves me with +$900 I don't think I made it too clear, my minimum payment on the Parent Plus Loan is $302 and the minimum payment on each of the other 2 loans is $50. I guess I am not optimally allocating my payments at this...

Many thanks all for your support. I really appreciate it and I know I came to the right place! Just created a new topic. Can't wait to keep learning and EARNING. http://www.early-retirement.org/forums/f30/i-want-to-be-free-of-debt-by-end-of-2013-a-62529.html

I HATE owing money and knowing that interest on my student loans is compounding daily. I am fortunate enough to only have $4,000 in loans in my name but I have also permanently taken over a big chunk of money of a Parent Plus loan that my mom took out for me. Here's the breakdown of my loans...

Hello all, I am happy to have found this site today. It looks like there is a very nice community here and I have a lot of browsing and learning to do. I am 22 years old college graduate now working in Finance I.T. for over 1.5 years. I want to make sound financial decisions and avoid debt at...