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Simple Financial Concepts
Simple Financial Concepts that Put Money to Work
There’s no doubt that families of all incomes can benefit from preparing for the expected and the unexpected. World Financial Group (WFG) is ready to help people take the necessary steps toward establishing and meeting their financial goals by using simple concepts to educate them about how to put their money to work.
Ensure Proper Protection -- The Principle of Building Equity
A key to building a solid financial strategy is to ensure you have proper protection to replace your income and protect your assets. The Principle of Building Equity illustrates the need to protect you and your family in the event you die too soon or live too long.
Build Long-term Asset Accumulation – The Rule of 72: Helping to Outpace Inflation1
The Rule of 72 can help you determine how long it will take for your savings to double.
"1 The Rule of 72 is a mathematical concept that approximates the number of years it would take to double the principle at a constant rate of return. The performance of investments fluctuates over time, and as a result, the actual time it will take an investment to double in value cannot be predicted with any certainty. Additionally, there are no guarantees that any investment or savings program can outpace inflation. Please note that high risk has been historically associated with higher rates of return.
