TAKE NECESSARY
FINANCIAL PRECAUTIONS
You often read about people who failed to insure properly and
consequently lost their cars, their homes, and sometimes all of
their possessions. They failed to look into the future and ask what
the consequences to their life would be if a fire occurred in their
home or if they had a traffic accident and they were not suffi-
ciently insured.
One of the smartest things that you can do to preserve your fi-
nancial well-being is to develop a regular savings program.Your goal
should be to save 10 percent and more of your income, off the top,
each month, from each paycheck or income source. There are few
things that will give a greater sense of confidence and control than
for you to know that you have a cash reserve set aside in the event of
an unexpected emergency. In contrast, there is nothing that will
cause you more stress and tension than to be living on the edge of
your financial resources, unable to deal with a financial emergency
or a need of any kind.
W. Clement Stone once said,
“If you cannot save money, then the
seeds of greatness are not in you.”
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