Many people nowadays are interested in insurance protection. Erica Miles illuminates how insurance can influence personal development, debunking the misconception that insurance is used for life protection, savings, and investments.
Join Erica Miles and Aditi Kutty as they explore the significance of insurance protection, its potential to increase income, and how to select the most suitable insurance products for people.
Meet Dr. Erica Miles
Erica Miles is passionate about teaching knowledgeable information that anyone can use with the right guidance. As a wife and a mother of three, she shares information about how to pass on financial wealth and information.
Her professional background is in banking. However, when she realized how uneducated people are about financial products available outside of banking, she decided to make a change.
About the episode
In this episode of Self-improvement Atlas, Erica Miles defines personal development as the willingness to change and learn. She categorizes it into three categories: being coachable, continuously learning new skills, and seeking guidance from mentors. She states that the primary challenge for personal development is overcoming resistance to change.
According to Erica, it is important to be fully aware of your needs and goals in order to choose the best insurance plan. She emphasizes that reliable advisors help you build a diverse portfolio and make informed decisions. Erica also highlights that insurance protection and life insurance are not merely planning for the future.
Erica enlightens the audience with some red flags to watch out for when dealing with insurance salespeople or scammers, which are much more complicated than someone trying to sell you something aggressively. She also asserts the importance of financial literacy and keeping up with economic trends to make correct life insurance protection, savings, and investment decisions.
According to Erica, financial awareness and life insurance protection provide numerous opportunities for financial planning. Although the information overload and emotional discomfort of discussing topics related to mortality and financial uncertainty may be challenging, professional guidance from financial representatives makes financial planning much easier.
Towards the end of the episode, Erica highlights the significant issue of the lack of financial education in schools, expressing her passion for changing the economic story of their community by empowering people with financial knowledge at an early age through online classes and platforms to improve financial literacy.
In conclusion
This episode highlights how personal development improves people’s understanding of the importance of financial literacy and making informed decisions about life insurance protection and investments. It proposes accepting change and embracing growth as key factors for successful personal development.
It also explains the importance of having a financial advisor and understanding red flags to avoid fraud when dealing with insurance salespeople so that people can make the most of their financial resources and secure their future.
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