Romans were smart doods.
They used real honest-to-dog silver and gold for money.
How do I know?
One year, for my brother’s birthday, I hunted down one of the rarest of gems: a real life Daenerys (the coin, not “The Mother of Dragons”).
The Daenerys was the official “coin of the realm” in ancient Rome.
This particular coin was minted in 194AD, according to the coin dealer I talked to.
Some roman soldier, or maybe a citizen, held this coin in their hand. They used it to pay for stuff.
Maybe they hired some dood to kill some other dood.
Maybe someone bought some bread with it…
Or maybe someone had a good time at the local brothel.
What I found fascinating about the whole thing was this coin survived for so long.
You could see the impression in the face of it… the official stamp… where it had been worn down by years of peoples’ fingers rubbing against it…
Other cool things:
These coins were used as currency but Romans also used special contracts to dole out said currency when someone got old and gray.
What happened was… you would pay a stipend to the government in your younger years… and some very smart doods (professional mathematicians) would figure out how long you would probably live… and then when you got old… they would give you an annual payment until you died… even if you would have normally run out of savings.
They called it an “annua”.
Today, it’s called an annuity, and those mathematicians are called “actuaries.”
… and that system was the foundation for modern life insurance policies.
So when I say these principles of insurance (and also insurance contracts) have been kicking around for thousands of years, I ain’t just whistlin’ Dixie.
It worked back then because it was mathematically sound.
It works today for the same exact reasons.
It’s full of short-range tactics to make people feel like they’re accomplishing something meaningful…
Principles of insurance?
They are timeless.
This is what has always (and will always) build cash reserves, savings, and protect against losing your shirt… the nation’s largest banks use principles of insurance… brokerage and investment firms use them… small and YUGE corporations build their financial foundation on them…
And they succeed and fail long-term based on how strictly (or loosely) they adhere to these principles…
… it goes WAY beyond buying a life insurance policy… it’s a system of money management…
And… I’ve been doing this for over 11 years… add in my crew and there is collective experience of 50+ years… studying, thinking about, and designing insurance plans that do not fail.
It’s what drives all of my insurance-based financial plans… from cash flow management (or “budgeting”) to life insurance planning and everything in between…
If that kind of stability and security appeals to you… then maybe — just maybe — it’s time for you to join my email list.