Eat, Ride, Sleep, Repeat!
Nice idea. But the thing is that if large amount of funds are required so soon(before a big enough amount is saved) then I will have a problem. Both my parents are fit enough as of now, they do morning walks and all, hell my dad is even more fit than I am right now. This can be a good option for me.If health care premiums are high then sometimes funding your own health care expense fund may be a better option. All you have to do is setup your own health care expense fund and have you and your parents contribute towards the fund on monthly basis. The benefit of having such a fund is that you still get to keep the unspent money. With health insurance premium the money is gone for ever. The whole idea behind health care insurance is that you are covered for huge sudden expense. However, if premiums are very high and your parents are healthy then may be setting up a health care fund may be a better idea. I think there may be a point where if you have something like 25 lakhs in a low risk fund then you may not need health care insurance.
How will it affect IT, bad???I think there will be a US recession around March 2014. The reason is Obamacare. My monthly premium has doubled and many people across US got their health plan policies cancelled. Some people will get fired from their jobs because businesses cannot afford to pay for health care for their full time employees. The high cost of health premiums will take the bite out of the economy.
I have been preparing for all this beginning from this year. I increased my gold holdings and short term bond holdings. Next year, if market falls significantly or there is a recession then I will be buying stocks. Also, I am waiting for China real estate bubble to burst because I am also looking for buying some international real-estate REITs.