The DIME Method
Apr 19, 2017
As a point of comparison, the combined 29.1 million total from those old master sales was 34 percent less than the 44.2 million Christie’s and Sotheby’s took in at equivalent events five years ago, in December 2011.
His parents only realised what was going on when the bank called them to let them know about the charges.
The pay gap has increased to 17 per cent, with women on an average of $170,000 compared with nearly $200,000 for men.
This elegant, informative and borderline beautiful sentence is a reminder that despite the horrific nature of the entries below, clarity remains attainable.
Debt: Add up any of their outstanding debts and future funeral expenses.
Income: Figure out how many years their family would need financial support. Take that number and multiply it by their income. We prefer this method because the rule of 10 can be limiting. Some families would require financial support for longer than 10 years. This way, you are customizing their coverage based on their family's specific needs.
Mortgage: Add the amount they still owe on their mortgage.
Education: Calculate the amount of money it would cost to provide their children with higher education. Keep in mind, this doesn’t just mean tuition. Do not forget to include cost of books, housing, and meal plans.