These are one of the biggest wastes of money. They don't deter anybody and by the time somebody actually gets there you'd be dead.
The best way to protect against theft is to not have anything of value. I'm not kidding! You should imagine the robber's look on his (women don't rob) face when he breaks into your bad and sees there's nothing worth taking! No big screen tv, no fancy computers, no furniture set worth $5k (that you're still making payments on, shame, shame), and for god's sake no jewelry to steal!
Your biggest expense should be the door they busted down. How much stuff can you replace with that monthly alarm subscription? Definitely enough to get a gun and practice with it. BUT THERE'S STILL SO MUCH MORE.
A well known alarm company in the Orlando area charges a base rate of $37 per month along with a $99 set up charge. Over the span of 40 years that you own your own home, that's going to run you about $75,000 vs not having it. You can buy a lot of needless crap for $75k!
So what if you have an alarm system and you're also not maxing out your employer matched retirement plan? How much is the security costing you? Well with the tax savings and employer contribution over your 40 years worth of working, you could have amassed over $161,000 tax free! This is a conservative estimate considering I'm not throwing in inflation and it is also adjusted for inflation. So when you really think about it, that monthly alarm system bill over the next 40 years is actually costing you an entire house!
SPEAKING OF ROBBING PEOPLE?!
-CC
The best way to protect against theft is to not have anything of value. I'm not kidding! You should imagine the robber's look on his (women don't rob) face when he breaks into your bad and sees there's nothing worth taking! No big screen tv, no fancy computers, no furniture set worth $5k (that you're still making payments on, shame, shame), and for god's sake no jewelry to steal!
Your biggest expense should be the door they busted down. How much stuff can you replace with that monthly alarm subscription? Definitely enough to get a gun and practice with it. BUT THERE'S STILL SO MUCH MORE.
A well known alarm company in the Orlando area charges a base rate of $37 per month along with a $99 set up charge. Over the span of 40 years that you own your own home, that's going to run you about $75,000 vs not having it. You can buy a lot of needless crap for $75k!
So what if you have an alarm system and you're also not maxing out your employer matched retirement plan? How much is the security costing you? Well with the tax savings and employer contribution over your 40 years worth of working, you could have amassed over $161,000 tax free! This is a conservative estimate considering I'm not throwing in inflation and it is also adjusted for inflation. So when you really think about it, that monthly alarm system bill over the next 40 years is actually costing you an entire house!
SPEAKING OF ROBBING PEOPLE?!
-CC
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