When you are putting aside using one of the retirement savings account, this is thinking long-term. No matter how stocks in your portfolio jump – so long as you and your spouse receive dividends and – the stocks’ value rises more than inflation over time. This way the value of your saving is secure and you have earned a profit. But if you a bad player and sell every time an investment fell, you may be trapped in losses and paying commission to your broker..

Let’s take the solar power market as an example. If your house is better than an average one, you are probably paying about $6,000 per year in electricity charges. The cost for a home solar-power system is about $90,000, but some federal governments promoting the use of green technologies give a there’s a 30% subsidy. So you can have a system for $63,000 if you are lucky. The life expectancy for solar power plant is about 20 years so getting a credit for 10 years, you get free electricity for at least 10 years. A good deal, isn’t it? The problem is very few people want to pay big sums at once in order to save money later, a much greater part of the population will be looking for reduced payment and no-money-down deals. But even though, this is going to be worse deals long-term.

Such fear or just unwillingness to invest in the future is one of the main reasons making your insurance rates rise and rise as years go by. Why? Let’s see. In fact the insurance industry loses billions a year through fraud. Curiously, the bill is simply passed on to us as higher premiums, instead of spending money to put people and systems in place to reduce the fraud. There are sources however to address the problem effectively. Suppose your state used some of the taxpayer dollars to create a special task force for insurance fraud investigation. Liaising with all the insurance companies with integrated computer systems this force allows the claims adjusters to refer suspected cases for investigation easier. Using taxpayers’ dollars for this task as fraud is a sound idea as fraud is a serious crime and a smart well trained force is the best approach if there are going to be successful prosecutions. This may probably cause the tax increase but you decide which is better: paying a little more in tax now if this reduces fraud in your state and helps your next auto insurance quotes to become significantly cheaper? Thinking long term here can result in what we all dream of, cheap car insurance, affordable for every family.

Much more effective easily tractable investigations would be a strong deterrent as at the moment people tried and convicted this is instantly exposed to media coverage and they go to jail with much more social stir. A reduction in fraud by only a few hundred million would let us move towards a better society where dishonesty has little chances and gradually disappear and people receive really inexpensive auto insurance. Well let’s be realists, the politicians will never be so noble for uch strategies as this won’t fit into the two-year electoral cycle. They need results today so they will be re-elected tomorrow. But if all what we the voters are see is higher spending and only slightly reduced premium rates in two years, why don’t we vote against the big-spending governments and demand the termination of all the special task forces. A more reasonable government should think long term to be a success with the population.