The great gatsby

Financial Risk Over The 3 Stages of Life

  • Working Hard

    Working Hard
    The world is yours, you just have to go out and get it.
  • Period: to

    Age 20-39

    You have to able to spot a scam right when you see it. If its too good to be true, don't do it. Only purchase things online through secure services.
    You have one Social Security number for the rest of your life, don't let someone steal it. Personal info such as account numbers should only be shared with your employer or business.
    This is the prime time of investing for capital & taking higher risk for higher gains.
    Its essential for a young person to be insured in health, auto, home & business.
  • Getting rusty

    Getting rusty
    You indivually aren't as strong as you once were, but together you all are.
  • Period: to

    Age 39-59

    In the age of shopping online, having a secure payment route such as Paypal is crucial. With the internet being so vast, you have to stay away from the shady parts and go official. "a URL that begins with https, the S stands for secure." (8 Protect your Information) Never disclose any personal information anywhere on the web. Computers and hacking are at an all time ever high. "Before you dispose of a computer, get rid of all personal information it stores." (9 Safely Dispose of Personal Info)
  • Period: to

    Age 39-59 Pt. 2

    This is the age when you either you strive for greatness or stride for good. Your investment portfolio will be the strongest in these years, and you either go for it all to make the most money, or safely stride it out making sure your investments will suffice you and your family. Insurance will cost the highest these years. Instead of just paying your own, you have your whole family to insure. If you have own a business, it's essential that it is insured, so you don't suffer damaging losses.
  • Period: to

    Age 60 & On

    -Since you're older, have money saved up & slower, identity thieves will target you. Therefore you have to be extra secure with any personal information.
    -Never disclose any sensitive info such as Social Security or account numbers to anyone except official institutions.
    -"Once you've entered retirement, a large portion of your portfolio should be in more stable, lower-risk investments that can potentially generate income." (13 Section 3)
    -Health and Life insurance are essential at this age.
  • Passing down the key

    Passing down the key
    Passing away