Financial planning - is planning to live

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Just how well is the goose that lays the "golden eggs" protected? I'm referring here to the goose who lays the golden eggs of income, for his/her family. In every household there is a 'breadwinner,' who is the proverbial goose laying the proverbial golden eggs. Just like in the old fable, the question is asked, who should you protect most? the goose or the golden eggs. Well, if you protect the golden eggs more than the goose, shame on you; because if the goose gets killed, stolen or kidnapped, the eggs will discontinue for you. If the eggs gets stolen, the goose can always lay more eggs. Regardless of how large or small the eggs are, their size is not the relevent factor, its their purpose. They provide the financial stability and security for the family - income. So, if you represent the "Golden goose" in your family, then you should see to it that you are the most protected asset in that family. Because without your ability to earn - (laying the golden eggs)due to disability as a result of accident or illness, you and your family will not be able to function. Also, in event of your death, their long-term goals: education for children, owning the home you intended they should own after you're gone, and ongoing income for your family to provide the daily needs of food, clothing and shelter would be just another pipe-dream. So, you as the "golden goose" should protect the most important asset, You. Life assurance (risk cover) including cover for disability and dread disease, and retirement planning, should be very high on your list of priorities; actually, it should be number one. Your ability to function is dependent upon your health and wellbeing. If your health fails or you die prematurely, your family will be in dire distress. So, you should not only take care of your most valuable asset, you, yourself, but also plan financially for the replacement of your income in the event of your untimely demise. Take this to heart; paying in small instalments each month is easier, than it is to find the large amount available to foresee in the needs of your family for the rest of their lives or as long as they would need to be dependent upon it at the time they will need it most.