Financial Security For Dummies

Introduction

Welcome to Financial Security For Dummies!

I know from my work as a personal financial counselor and educator that many Americans lack a sufficient background in the financial basics. My first book in this series, Personal Finance For Dummies, sought to address and help close that gap, and the feedback from that book suggests it clearly has helped.

I’ve seen over time, though, that folks who know many of the basics can still suffer financially at important junctures and when hit by unexpected events. So, this new book, Financial Security For Dummies, is like an advanced version of or a sequel to Personal Finance For Dummies.

About This Book

Most people value financial security and stability, of course, unless they like danger, risk, and turmoil! Living within your means, saving and investing in wise, proven investments, and securing catastrophic insurance are all keys to sound personal financial management.

Unfortunately, your financial security can be undermined by things outside of your control. Upsetting events can include macro-events like the COVID-19 pandemic (2020) or financial crisis (2008) as well as individual life changes or personal crises, such as job loss, divorce, caring for elderly parents, and so on. Part 1 addresses these two major types of crises or catalysts.

You may find that at some point, you need to access funds in the event of a crisis. It should give you peace of mind to know that there are ways to get help. Part 2 looks at all crises ...