Sunday, January 7, 2007

Financial Planning Pyramid

This subject is found in chapter one page 22.
The largest part of the pyramid is Stage one. The reasons include the fact that a large portion of your concern and money will be focused on this area before you move ahead and that a sound plan needs a solid foundation to build on.
What does that mean to you?
(1) What about your health?
Think about routine health care as well as catastrophic health care.
Think about being partially disabled as well as totally disabled.
Think about the length of time you might need additional help paying bills.
What if you become uninsurable for life insurance?
(2) What about your life?
Who will take care of the important details if you are not here?
Who depends on you now and will in the future?
Have you locked in your insurability?
More tomorrow!

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