Anonymous
I am completely clueless about whatever I signed..
gave in because FA is an old friend
I am 21 this year, working full time, staying alone and I feel like I'm forced to put this money aside, look at my bank and i don't really have enough to survive for the month it's like an evil deadly cycle..
So if I withdraw this policy, do I get back my $1800 that i invested? I dont know what i should do.
Pls help a guy out!
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Aven
01 Apr 2022
Treasury Associate at MP
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$300 is a lot, just cut loss and start to learn your own investment (just search seedly topic, like S&P500 theres alot)~ if you feel some pressure by paying this amount monthly, trust me you will terminate it anytime within the next 5 years~ (if you learn investment, likely you will terminate it even earlier~ once you realise how the $ works)
Your friend is not thinking enough for you, but well no one will care your money more than you :)
Anyway you still have to understand, you gonna buy hospital , CI/ECI, or any other type of insurance in the future, more “force money” will come in~~
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To be honest, $300 is not a lot of money per month. However, you are staying alone which means you are paying rent I assume. Additionally, you are working full time but at 21, I am assuming your pay is not very high (correct me if I am wrong).
I am a financial planner but even I think that you should cut your losses if you cannot sustain the amount. I hope you have at least done your insurance. If not, best to just cut your losses and re-direct part of that money to covering yourself first.