Financial Security: Is Your Family Covered?

by David Jenyns on July 10, 2009

The word “security” has a comfortable connotation, but a large majority of families would be placed in an awkward position if they were asked to define their own relative guarantee.

They might feel that a home, food and clothing, and the comforts of modern life make them secure. Is it possible to attain a fair measure of financial independence? How may financial security be obtained? All authorities agree that careful planning is necessary for financial success; all agree that financial success is necessary for financial peace of mind.

Much will depend upon a proper choice among these three \emdash regular income; income plus capital appreciation; capital appreciation alone. Outline all of your personal risk factors, such as children, old age and new purchases, before you put together your investment portfolio. With the guidance of a good financial planner, gaining guarantee for your family’s future does not have to be an overly stressful process.

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