Insurance
How to protect your means whilst journeying towards financial freedom
By Five Cents Ten Cents  •  April 16, 2008
By: PanzerGrenadier Protecting your means is to talk about the risk of the greatest income producing asset, YOURSELF, being taken away from this earth through acts of God, nature of man. One of my readers, DSEA, through his insightful comment gave me another perspective on financial freedom, i.e. I also need to consider the need to protect my means even as I strive towards the three core pillars of financial freedom. So financial freedom can be seen in the following bubbl.us map:

Ways to protecting your means To protect your means largely involve insurance. You can insure against death, total permanent disability and ill-health. You can mitigate the risks but you cannot totally eliminate them. That is the concept of insurance or transferring some of the risks through paying of premiums to insurers who do risk pooling. Read more...
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By Five Cents Ten Cents
PanzerGrenadier is a 30-something accountant who finally grasped the concept of financial freedom at the ripe old age of 32. Ever since, he has been travelling on his journey towards financial freedom and documenting his adventures through his blog "fivecentstencents". PanzerGrenadier allocates his non-work time in between living within his means, saving and investing as well as spending quality time with family. He is an avid toastmaster and has completed 10 years of being a reservist conscript in the Lion City.
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