Take Charge - Protect Your Family's Financial Security in Tough Times

Financial security is the comfort of knowing your family's standard of living is secure evene when a life-changing event occurs.  It is also about having the means to achieve your most important goals, like owning a home or sending your children to college.  Many of us are working hard to reach thoe goals.  Some of us may have achieved them.  But the recent pandemic and economic turmoil has been a rude wake-up call for all of us.  We have seen events beyond our control decimate our savings account, retirement provisions, depreciation of our property values and even diminish our job security. In the face of this adversity, it's improtant to understand that we are not helpless.  All of us have the ability to build-rebuild-a solid finanical foundation using the same building blocks as before, ie. a combination of insurance, savings and investments. Having said that, in today's tough pandeminc and economic times, it may take a little longer to get there.  But that makes it all the more important to put a plan in place, set priorities and begin moving in the right direction.  If there's less to work with, you'll need to make the most of all your finaical resoruces. But how do you do that?  Where do you start? The folloiwng are 10 simple principles to consider when putting together a long-term financial strategy for you and your family.  These are simple steps anyone can take, and they apply whether you have just begun to think about these issues or your already have a detailed plan in place.  Knowing what to do with your money and whether you're making the right decisions need not be a huge source of stress.  Start with a vision of your goal in mind and the determination to make it happen.  Once you've done that, the steps outlined here will go long way towards helping you achieve greater financial goals and peace of mind. 1- Protection First 2- Life Insurance is a Must 3- Save Money Regularly 4- Keep Debt in check 5- A simple investment strategy often works best 6- Home ownership can still pay 7- Understand your employee benefits 8- Plan for your children's education 9- Make the tax laws work for you 10-Get help from a professional How many of these issues have you thought about recently?  If you're like most people, probably not enough of them.  It is more important than ever to take charge of your family's finaical situation.