| The foundations of the basics of personal finance are | | | | months of income saved up, a year would be even |
| security stability and growth and protection as well as | | | | better. This can be done by putting a side a little bit |
| management. Investment growth begins with | | | | of money each month as well as adding gifted |
| security.The subject of personal finance is very | | | | money to the account (from birthdays or |
| broad, but as a beginning, I would like to discuss | | | | inheritances). It is also important that you have will |
| what I consider the foundations of personal finance: | | | | which reflects what you want to be done in the case |
| Security, Stability, Growth and Protection & | | | | of your death. It should include references to both |
| Management. This article will discuss security. | | | | finances, personal property, and your personal opinion |
| Investment growth and financial freedom begins with | | | | about life support and end of life options.Making sure |
| security.A good question to ask yourself is what is | | | | your family is safe and secure can give you the piece |
| security? For the average individual it means that you | | | | of mind to invest fully in the stock market. Often |
| have health, disability, auto and home insurance on | | | | times investors are held back by the fear of risks |
| top of life insurance. These policies will insurance that | | | | and losing money. No can predict your success in the |
| if something happens to you your family will be taken | | | | stock market. The one thing that all investors know |
| care of. If you are the head of household and you | | | | is that sometimes you will fail and lose money. This is |
| make most of the financial decisions make sure you | | | | less devastating if you do not have all your money |
| leave explicit instructions for your family to follow. | | | | wrapped up into your stock portfolio. Having an |
| These should include the names and locations of all | | | | emergency fund means losing money in the stock |
| your insurance policies. The names and numbers of | | | | market is not the end of the world. It also means |
| your insurance agents. Include all the basic policy | | | | that for unexpected bills and expenses can be paid |
| information like account numbers and associated | | | | without having to sell of stocks which are mean to |
| costs. Make sure all your important paper is placed in | | | | be long term investments. Especially in the case of |
| a secure local like a safety deposit box, at work, or | | | | mutual funds and IRAs where they are severe |
| at a friend house. Keeping the only copies of your | | | | penalties for withdrawing money before retirement. |
| insurance information in the house may be a problem | | | | Security is your first step to starting your investment |
| especially if the house is damaged by a | | | | portfolio.Visit the Global Investment Institute and |
| fire.Additionally you should maintain a emergency | | | | signup for our free Investing For The Beginner |
| fund. This is money which is placed into a money | | | | E-Course at Investment webmasters or publishers, |
| market account which checks can be written from. | | | | please feel free to use this article provided this |
| This is money that can be used if there is a financial | | | | reference is included and all links remain active. |
| or natural disaster. Make sure you have at least six | | | | |