Insurance is expensive. I hate subscription fees. I’m a buy-it-once guy.
Here are some resource-efficient methods to ensure against unfortunate situations:
- Car: cheap synthetic sleeping bag, 2 gallons of water, emergency jumper battery, kitty litter
- Health: HSA, catastrophe coverage, water, daily walk, no added sugar
- House: no candles, use smart outlets, smart lights, conspicuous video cameras (interior & exterior)
- Computer security: two factor authentication, encrypted hard drives, unplug and remove SSDs while on extended vacation
- Financial: uncorrelated & diversified assets, TIPS, lifecyle investing, target date funds
- Real estate: group buying
- Knees: avoid skiing & basketball (ouch here)
- Romantic relationships: prenuptial agreement, early discussion of financial goals, early discussion of family goals
- Friendships: up front advocacy for your own interests and fun with the expectation you will cover the whole experience
- Family events: bring your own transportation, bring/download reading materials
- Contracts: performance based contracts, vesting schedules, high barrier to entry participation, as few participants / owners as possible
- Electronics: purchase used, 2 year old models, that have a minimum resell value of your lowest effort per hour income x2 (phone, cameras, computer hardware, etc)
- General Purchasing Guidelines: no-fuss return policy, free return shipping
