Debt elimination, wealth building, retirement planing and legacy planning are the four pillars necessary for one's financial health.
Debt Elimination: is the silent killer of your future hopes and dreams.
Instead of chasing investment returns, one should focus on reversing the flow of their money towards the banks and lending institutions back to themselves.
The money one pays in interest and loans makes up 34.5% of each dollar of a person's income.
My six bank strategy hubs talk about six bank strategies that we can adopt to guide us out of debt. Here is the link to the first one - https://hubpages.com/money/Bank-Strategies-16---Ca...
Wealth Building: Never lose the principal value of your investment.
Where is your current money flow?
Read my hub http://hubpages.com/hub/UFirstAlliance---Life-Insu...
The experience at the bottom will explain more.
Retirement Planning: Do you know how much money your retirement will provide you when the time comes? What control do you have with your 401(k), IRA,SEP or pension? The money may be yours but the control of it is not. Have you tried to retire over the last 10 years? What happened?
Read my hub for an answer to the safest and securest retirement account ever, that shows you with an illustration the minimum you can have upon retirement, which age by the way, can be decided upon by you.
Legacy Planning: Do you have a financial legacy plan in place to leave for your loved ones?
Read my blog post below for more information.