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You want 21 percent risk free? Pay off your credit cards.

Andrew Tobias

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Andrew Tobias
Age: 77
Born: 1947
Born: April 20
Journalist
Writer
Risk
Free
Cards
Credit
Pay
Percent

More quotes by Andrew Tobias

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Not surprisingly, the insurance lobby recoils in horror at the prospect of automatic coverage (including, when it was first proposed, Social Security), no matter how efficient it may be. Automatic coverage eliminates sales commissions and profit.
Andrew Tobias
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Life insurance is a commodity.
Andrew Tobias
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I was a writer for 'New York' magazine. I had been to business school, but what did I know? Still, everybody from the receptionists on up to the editor would ask me what they should do with their money.
Andrew Tobias
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Still, most people don't have much money. So finding ways to come out a couple of thousand dollars ahead every year still matters.
Andrew Tobias
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Now listen. You can't fool all the people all the time-- but I want you to try.
Andrew Tobias
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The first American insurance company was the Friendly Society for the Mutual Insurance of Houses Against Fire, founded in Charles Town in South Carolina, in 1735.
Andrew Tobias
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Having no national system of catastrophic health insurance, we have, through the courts, managed to patch together pieces of a not very satisfactory one.
Andrew Tobias
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In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America.
Andrew Tobias
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The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.
Andrew Tobias
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The life insurance policies advertised on the radio with the line You cannot be turned down for this coverage! are actually saying, For policies this small, it would cost us more to decide whom to turn down than simply to accept everybody - and make them pay through the nose.
Andrew Tobias
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The best thing I have are 5 percent bonds from 1780, denominated from $1 to $20. As far as I can tell, they are obligations from the United States of America, so I should be able to walk down to the Federal Reserve and redeem the uncanceled ones. With 217 years of accrued interest, for a $20 bond, that's about $800,000.
Andrew Tobias
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There are only two things as complicated as insurance accounting and I have no idea what they are.
Andrew Tobias
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Nobody wants campaign finance reform more than me. It would save me a fortune.
Andrew Tobias
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The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.
Andrew Tobias
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Rule of thumb: The more trimmings an insurance plan has and the harder someone is pitching it, the faster you should run.
Andrew Tobias
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Man's natural life span, 75 to 90 years or so, has not increased. It is the number of us who manage to attain it that has increased.
Andrew Tobias
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It's very nice to be able to be who you are.
Andrew Tobias
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One of the advantages of the book's having been out there for more than a quarter century is that there's been time for people to report back on what it's done for them.
Andrew Tobias
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The first life insurance societies where formed in England in the years between 1692 and 1720. In America, life insurance became available to the clergy through the Presbyterian Ministers Fund, founded in 1759 (still in existence), and the Episcopal Corporation, founded ten years later (subsequently merged).
Andrew Tobias
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But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.
Andrew Tobias