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It’s 2020, Learn How to Build Your Financial House

It’s 2020, Learn How to Build Your Financial House

Life is known to throw things at us we do not see coming forcing us to compensate, unless we are financially prepared. So, our question to you is, are you pleased with your current financial situation?

Building your financial house can be overwhelming when not knowing where to start, but just like a house you must start from the bottom and work your way up. So, here is our financial blueprint for you.

 

Set Your Foundation

  • Purchase Life Insurance and call us to learn about income replacement
  • Set achievable goals
  • Recognize and take opportunities
  • Invest in yourself with education or enhance your personal capital.

 Build Your Walls

  • Spend your money reasonably
    • Overspending could cause debt you can’t afford
  • Use banking tools to remain in control of your money
  • Examine your insurability
    • Having multiple claims increases the cost of your premium
  • Understand your living benefits
  • Set up an IRA
    • There are 3 different types of IRA’s so do some research before picking one
  • Only take loans to purchase items that will contribute to your financial success

Add a Roof for Protection

  • Open a savings account for emergencies
  • Always be aware of where your money is being spent
  • Manage your liabilities with the right insurance policies in place
    • Set up your beneficiaries in case your wealth will ever need to be transferred to them

Expand your House

  • Take some of the money you have been saving and invest it
    • Before investing, know which type of investment you want to make, high or low risk

 

Protect Yourself with Auto, Homeowners, and Life Insurance 

Just like building a house, building up your personal finance takes time and effort. Furthermore, having a strategy to build your financial house is the key your success and that is why we created this one for you.

Also, be sure to protect yourself with affordable auto, home, and life insurance. Contact us today to learn how Bock Agency can help with your homeowner’s policy. We offer home insurance tailored to your needs in North Huntingdon, Pennsylvania including the Greensburg, Irwin, N. Huntingdon, Pittsburgh, and Trafford areas. Request a homeowners insurance quote today.