Rani Jarkas – Achieving Financial Security
Financial security is a term but subjective as it relates to a person’s feeling about his/her financial situation. To put it simply, being financially secure means that you have had enough money to fund your lifestyle, as well as work toward your financial goals. When you are financially secure, your stress levels goes down, leaving you with more energy to focus on other issues. There are essential differences between financial security and financial freedom. Financial security focuses on generating feelings of safety by paying bills on time, increasing savings, budgeting, investing, and purchasing insurance. And financial freedom refers to the power to live to one’s wishes. To achieve financial security, one shall earn much, spend wisely and save efficiently, while having an emergency fund would also prepare you for any unexpected situations like health, home or others. And financial advisory could be of great help in this process. A financial ad...