Starke Financial Services

When you are just beginning your professional life, buying health and life insurance may not be in your consideration. However, given the uncertain market conditions and rising medical costs in the USA, you need to take every decision very carefully to ensure your finances don’t fall apart. You are right that many healthcare policies are costly, but going without insurance is even riskier. For instance, imagine how expensive it would be to cover the costs of staying in the hospital or paying for cancer treatment. You could easily rack up a bill in the thousands, potentially costing all of your savings and more. Purchasing suitable life insurance is equally important as having an appropriate health care plan. If you are the only bread earner in your family, the need to buy a life insurance policy becomes essential for the good of your loved ones. Paying monthly premiums for Medicare services or Obamacare and life insurance plans may seem costly, but these plans are worth the cost. Here ...

We all want financial independence for our present as well as our future. However, life is uncertain and we may come across various situations that can wrack havoc with our finances. Therefore, it is crucial to managing our risks so we can address unpredictable scenarios and avoid unaffordable financial losses. With good risk management strategies, you will not only secure your financial future but also have peace of mind knowing that you are prepared to address any scenario in your life. Here are some effective tips to keep financial risks in check and avoid huge burdens on your finances. Identify and Measure Risks The first thing you can do is; understand yourself, look at your current financial status, your source of income, your healthcare needs, your responsibilities towards your family, and more. Analysis of these key factors will help you identify financial risks in your life. It is also important that you measure each risk so you can move towards finding the appropriate solutio...

Saving and investment are the most important considerations when it comes to securing your finical future. No matter how much you earn today, you need to start wealth-building to secure your financial future and have comfortable post-retirement days. Early financial planning is important to have the right balance between saving, investment, and current expenses. Here are some easy yet effective tips for wealth building to secure your financial future. Budget Planning No matter how much money you have today, you should always be smart about your spending and try to save as much as you can. It doesn’t mean you need to disturb your quality of life today for a better tomorrow, it rather means finding ways to optimize the use of your money. To be smarter about your money, you should plan earlier, way before you get your salary. You should find out more efficient transportation, affordable food, and cloth brands, and minimize your spending on dining out. Planning your budget can help you cut...