Tip 1: Purchase term insurance, life insurance and disability insurance… these protect you and your family for future events that may impact your life.

Tip 2: Have your human resource’s department take 10 to 15% of your pay and put it into a separate savings account that you don’t touch. Within 6 to 12 months, this will serve as a cash reserve and will keep growing!

Tip 3: Invest in tax advantage accounts like 401(k)s and IRAs. Grow and distribute your portfolio adding in tax free and tax deferred accounts, like Roth IRAs and Roth 401(k)s.

Tip 4: Think about investing this way: a third in long term investments, stocks, ETFs and low cost mutual funds; a third in government vehicles like municipal bonds and annuities; and the last third should go into real estate and hard assets.

Josh Jalinski, who hosts his own show on WOBM, talks about how to “Protect, Save and Grow”  your finances in 2014...

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