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MONIE Orchards - Personal Financial Planning
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        The Essential Financial Questions
        • What do I want to do with my life?
          • Goal Setting - More details
      • Basic Financial Building Blocks
      • Using the Building Blocks to Answer the Essential Questions
        • What if I die too soon?
        • What if I don't die soon enough?
          • Retirement Funding - A Layered Approach
        • What if I become unemployed?
        • What if I become sick?
    • Reading List
    • Short Thoughts
      • Money vs Wealth
      • Should I invest in property?
      • Inflation
        • A more detailed look at inflation.
      • On How Much is Enough - Interest rate impact
        • Various Expense and Payment levels
      • On how much is enough - Why (1)?
      • On how much is enough - Why (2)?
      • A Very Short Introduction to Systems Thinking
    • Long Thoughts
    • Back Office
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        • Dictionary
MONIE Orchards - Personal Financial Planning
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The Essential Financial Questions
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The Essential Financial Questions

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What do I want to do with my life?
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Before one can prepare a financial plan, it is important to know what the money is for, because in the end it is not about the money, but about the things you can do with the money.

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What if I die too soon?
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(Death and Disability - Life Insurance)
We do not like to think about our own mortality, but that is the one sure thing that we will all go through. Better to face it financially prepared for the sake of your loved ones.
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What if I don't die soon enough?
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(Retirement Funding)
This is the problem of our time. Not only has companies done away with defined benefit pensions, and replaced it with defined contribution funds, they have reduced what they pay into these funds, and now CoVid19 has struck as well.
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What if I become unemployed?
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(Retirement Funding - Unemployment Savings)
We live in uncertain times, where one has to assume that you will be without a job for some time sooner or later.
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What if I become sick?
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(Medical, Death and Disability - Dread Disease, Unemployment Savings)
Illness can affect you for a day or two, or the rest of your life. And everything in between. It can also be extremely expensive. Make sure that you have a plan in place.

Sundry other topics - To be continued
Taxes
Debt
Protecting assets - short-term asset insurance
Living will/ Last will and Testament
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