The opinion of others
When you ask others: “What is Financial Security?”, you will hear a variety of opinions. Views will significantly differ and, most likely, they will be far from the truth. Not everyone interprets the concept of Financial Security correctly, and not everyone realizes its necessity in modern life.
Some people believe that Financial Security is the existence of individual accumulations that help staying afloat during periods of economic storms. Others believe that Financial Security is the consistently high earnings of all family members. There are people who perceive Financial Security as the ability to economize and save money, without even considering the possibility of generating additional income.
In reality, what is personal Financial Security?
A reliable protection
In the era of economic instability, people lack confidence in the future. Crises, unemployment, inflation are forcing their way into people’s lives. Many experience stress, serious financial difficulties and can’t afford essential goods.
Personal Financial Security is a state in which there is material stability in a person’s life, and money is safely protected from economic threats. That’s the freedom from fear for their future and the future of their loved ones.
People who have built a solid financial foundation are:
confident in the stability and prospects of tomorrow;
financially solvent;
free from debts;
aware that their savings are securely protected from negative economic factors;
able to provide their family with a high quality of life;
helping others to find a way to prosperity.
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Average reading time — 3 minutes One of the most painful problems of the modern society is debt. States, large and small companies, individ...
