Tuesday, November 19, 2013

How To Get Rich - Protect From Financial Disaster

Are you afraid of losing your main income source ?

Do you think the wealthy have no protection against financial disaster ?

Learn how to protect what you have today !

What Are Financial Disasters 

Financial disasters come in many forms. From losing your main income source such as your job to becoming gravely ill or disabled leaving you unable to work. Even your untimely death can leave your spouse and/or other dependents without a means for their survival.

What many fail to realize is exactly how fragile yours and your loved ones financial position in life really is. Reality is that most people will never protect themselves properly from the above possibilities or other potential pitfalls. We must all be aware that any of the above situations can happen to any of us at any time and most likely with little or no warning.

Protect to Build Wealth      

You could work for years and save for your future. You could live day by day making just enough to pay your bills. These are choices you must make for your life.

If you truly want to become wealthy, then you must protect what you have today from future potential financial disaster. Without proper protection, whatever you gain today may be gone in an instant tomorrow.

The Balance Between Protection and Wealth

The amount of protection you will need will vary throughout your life. For instance, a young couple with a young and growing family will generally need the most protection. A retired person or couple with no dependents and built up savings and investments will generally need far less protection. The key is for you to be able to identify where on the scale you currently fit.

A general rule of thumb is that the more wealth you currently have, the less protection from future financial disasters you will need. Also, the more people that depend on your income for survival, the more protection you will need. It is all about finding the right balance between wealth and protection.

I could write pages on this topic, but my space here is limited. You can find much more on this and other important topics in my ebook entitled "Five Star Wealth Builder" . Check out the free preview on Amazon at the following link www.amazon.com/dp/B00BJ931UM     

What To Do

You must first determine what the biggest threat to your financial future is. Once this is known you can start researching the different methods and/or products available to reduce or eliminate the effects of your future potential financial disaster.

I encourage you to read as much as possible on this topic as it is so crucial to your financial wealth building plan. One major downturn in your finances could potentially destroy a lifetime of careful planning. Don't let your future financial story be one of regret due to lack of proper protection planning.

As always, I welcome your comments and suggestions for future topics.

1 comment:

Anonymous said...

wonderful put up, very informative. I wonder why the other experts of this sector do
not realize this. You must continue your writing.
I am confident, you have a great readers' base already!

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