“The very first, most important thing: live within your means. As Charles Dickens wrote, “Annual income twenty pounds, annual expenditure nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”
Protect your finances from catastrophic health events. Buy term insurance when you are young and have mortgages and dependents. Buy more coverage than you think you need because, if something happens to you, your widow and orphans will need more than you think. As your needs evolve convert the term insurance that you bought for income protection to permanent insurance for estate planning.”
Brad Brain_ How to live your best financial life – Alaska Highway News
