With a financially-literate population, consultants can cut straight to the real issues instead of training finance 101.
Our money-smart 15-year olds augur well for the future. (By The Way, while PISA considered it as "not significantly various", Australia had a mean rating of 526 in the finance test compared to 520 for NZ, which we can take as a win.).
8. Term life insurance can protect you and even offer cash back during specific events in your life.
9. Should your business partner pass away, it can protect your business from financial loss.
10. When you pass away, it can ensure that your loved ones maintain their lifestyle.
Insurance is an important aspect to consider, especially if you want to do right financial planning.
When starting a business it is important to have the type of legal structure in mind so as to implement it soon. The legal structure of a business determines the amount of paperwork you will have to handle and also the amount of tax you will have to pay. You should therefore spend a considerable amount of time consulting experts so as to choose a structure that fits your business.