Insurance works on the “law of large numbers”. Unlikely events with big consequences are spread out over large groups. A small, certain, premium that can be afforded instead of a small, uncertain, chance of ruin. You can self-insure for a lot of events if you have enough capital that it won’t result in your ruin. I built my Engine the traditional way. With a salary (from a job) that was bigger than my expenses. When I started, I took out life, earning ability, and severe illness cover. The world is designed around us living hand-to-mouth with our salaries defining our capacity to take and absorb risk. To snap that connection, you need a gap. Then that gap needs to be invested, and what it earns reinvested, until your Engine can be working and earning what you need to spend. It is only with a working engine that your life choices can be gradually freed from the constraints of money making. Good ideas that are not good business ideas are still worth doing. They need to be powered by good business ideas. Merit/worth/value (a good idea) is not sufficient. At least not in the beginning. With planning, you can increase your ability to be the one who decides what has value, and what you do with your time.
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