Importance of Financial protection in wealth creation journey

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Importance of Financial protection in wealth creation journey

Yesterday I reached the office as usual and after some time came to the shocking news about the accident that happened in the morning near the office.

It was about a young biker with his Duke riding at very high speed and lost control of the bike. 

His head hit the divider and he landed on the other side of the road, the police said, adding that he went skidding for some distance when a speeding car hit him….. Very sad news that he succumbed to his injuries.

This underlines a few things.

  • First and foremost, the importance of wearing helmets. I see youth taking it very casually and sometimes the price of such negligence is very very fatal.
  • Also when I interact with such an age group (which is 10-15 years younger than me), I hardly see anyone giving much-needed importance to the term plans in their financial planning.With a life full of uncertainties, I re-iterate that we should have all-around financial planning which should include adding sufficient protection with respect to our responsibilities/liabilities along with the wealth creation plans.#MMGyan

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