Building Your Solid Financial Foundation

"Building a solid financial foundation is just like building a house. You build it from the ground up.

First, you must have proper healthcare coverage in the event of a serious health problem or sickness. Both of these can greatly affect or upset a person's financial stability, specially during old age. Statistics show that 90% of personal bankruptcies are due to unexpected and unforeseen illnesses.

Second, you must have proper protection in the event of premature death. If this happens, then you have instant money to pay off any responsibilities and liabilities left behind.

Third, manage and pay off all debts.

Fourth, set aside 3 to 6 months of your income to deal with sudden changes in the job or business. This is also to pay for unforeseen accidents and repairs.

Fifth, save and make long term investments."

- taken from "The Secret to Saving & Building Your Future"

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