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best strategy is to plan our saving and spending based on the best
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how much we expect to earn over our life cycle, we can estimate
our permanent income and try to spend about the same amount of
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decrease drastically if something bad happens, such as the death
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buying insurance if it can prevent a large drop in spending from an
unexpected loss?
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- ([SODLQKRZWKHFRQYHQWLRQDOZLVGRPRIVDYLQJRILQFRPHHDUO\LQ
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still be recommended that a young family save?
- Can we ever really know our permanent income, and what should we
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the future?
Questions to Consider
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