Financial Security & Freedom- Is it a reality?
Everyone aspire to be independent. One will be able to enjoy the benefits of freedom only if he feels secure. Do such a life really exist? Can we all attain that freedom in spite of our different living conditions? Security and Freedom are interlinked.The same applies to personal finance management also. We think that the most important thing in financial security is high salary. But remember that getting a high salary alone will not take you anywhere . We need to actively make a good financial plan well in advance to attain it. Safety & Security should be given top priority in financial management also. As we first put seat belt in a car to be safe, in financial planning also, insurance play such a similar role. Insurance provides protection against the financial risks. Insurance is needed for Life and Health risks. Hence Life Insurance is a must for all irrespective of the life stage like a person is single or married or young or old. It is worth to note that