Ten Components of a Healthy Financial Plan

A holistic financial plan contains these ten critical pieces. Here is a breakdown of how each helps you achieve wealth and financial freedom.

Where Should I Put My Emergency Fund?

Step 3 of the Baby Steps program is to save three to six months of expenses in an emergency fund. This fund is not supposed to be used for shopping sprees, vacations, cars, sofa specials, or anything of that sort; only for true, emergency situations like a job layoff or medical incident. What to spend … Continue reading Where Should I Put My Emergency Fund?

How Much Life Insurance Do I Need?

The question of life insurance involves a very unpleasant topic. We don't want to think about the idea of our death or a loved one's death, but as loving and responsible family members, we need to think about what our family will do if one of us happens to pass away unexpectedly. Life insurance is … Continue reading How Much Life Insurance Do I Need?

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