As a financial planner, I often hear people talking about the latest
investment portfolio or the latest product on the market. While product is
important, I believe that the most important piece of financial security is
personal discipline: how you handle your life circumstances and how you will
react to inevitable market volatility.
What does this mean? Well,
imagine you found a magical product that earns 10% a year. You still could have
other areas that need to be taken care of, such as insurances in case of death
or becoming disabled, health insurance, auto insurance and having emergency
cash set aside to allow that magical 10% product to grow uninterrupted.
