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Tag Page MoneyMistakes

#MoneyMistakes
James Cook

How I Lost $13K on Insurance at 22 (Don’t Be Me)

Ever bought something just because a family member said it was a good idea? A 22-year-old on Reddit just shared how they got talked into a pricey whole life insurance policy by their uncle—and now, canceling means losing $13,000. The lesson? Insurance isn’t a magic investment, especially when you’re young and cash is tight. Most folks in the thread say: cut your losses, learn, and put your money where it actually grows (like retirement savings). Family pressure is real, but your wallet matters more! #Business #MakeMoney #MoneyMistakes

How I Lost $13K on Insurance at 22 (Don’t Be Me)
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