Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • After meeting with a financial planner, my husband and I set out to pay off our credit card debt. We did it in six months, and during that time I started earning more money than ever.
  • Our financial planner recommended that I buy a term life insurance policy since I was only protected for $20,000 on my husband’s employer-provided policy.
  • He recommended $1.4 million in coverage for me, which felt high. But after accounting for our standard of living and future financial goals, I went for it.
  • Now, I feel good about paying $70 a month for that peace of mind.
  • Policygenius can help you compare life insurance policies to find the right coverage for you, at the right price »

“Protect, optimize, grow.”

Tom, our CFP, introduced this financial approach on our first call — a simple, three-step perspective that would guide our work together. The idea is that before you can build wealth, you need to protect your assets (through life and disability insurance) and optimize cash flow (in our case, setting up a separate account for my business and hiring an experienced CPA to help with taxes).

We started by getting out of debt

When my husband, Tim, and I first started working with Tom in 2019, we came up with a plan specific to our financial situation. We decided together that we would work as hard as we could to pay off as much debt as possible, then start protecting and optimizing our money. The approach made sense. Clean up the mess we had made in

President Trump told Fox Business Thursday that China wants to “keep me happy” on trade, citing the benefits of a deal he struck with Beijing earlier this year and once again blaming the Communist nation for the COVID-19 pandemic.

In an interview with “Mornings With Maria” host Maria Bartiromo, the president noted that unprecedented economic strain under the pandemic was not American workers’ fault.

TRUMP SAYS STIMULUS TALKS ‘VERY PRODUCTIVE;’ AIRLINES AND $1,200 CHECKS ON THE TABLE

“This was all done by China. And, we shouldn’t be hurting our workers because China put the curse on,” he remarked. “This was a horrible scourage, a horrible, horrible thing that they did.”

Bartiromo then turned to Wednesday night’s vice presidential debate between Vice President Mike Pence and challenger Democratic Sen. Kamala Harris, noting that the two spent little time on China trade policy.

“What is your take on where we are on that in terms of the Chinese Communist Party?” she asked.

President Donald Trump gestures to supporters as he arrives at Minneapolis Saint Paul International Airport on Wednesday, Sept. 30, 2020, in Minneapolis. (AP Photo/Alex Brandon)

Prior to the pandemic, Trump said, the trade deficit was “coming way down with China for the first time in 30 years,” attributing that to duties he imposed on Chinese imports to convince Beijing to negotiate on trade.

“Nobody had even heard of tariffs,” he said. “They had never even heard of tariffs. Nobody. In fact, when I first started doing it, they didn’t even know what it meant,” he told Bartiromo. “I took in $28 billion. I gave the money to the farmers because the farmers were targeted by China as a way to get me to negotiate.”

At the beginning of