First, you must have proper healthcare coverage in the event of a serious health problem or sickness. Both of these can greatly affect or upset a person's financial stability, especially during old age. Statistics show that 90% of a personal bankruptcies are due to unexpected and unforeseen illness.

Second, you must have proper protection in the event of your premature death. If this happens, then you have instant money to pay off any responsibilities and liabilities left behind.

Third, manage and pay off all your bad debt

Fourth, set aside 3 to 6 months of your income to deal with sudden changes in the job or business. This is also to pay for unforeseen accidents or repairs.

Fifth, save and make long- term investment

       You should consider your health care and protection as a priority. Why? Even if you save a few hundred pesos a month, but have no healthcare and life insurance, it will not take you far. When you get sick, disabled or die suddenly your savings won't last very long. Getting long- term healthcare and life insurance are the best investment.

       Likewise, if you experience an emergency but your money is tied up in some investment, how could you deal with the sudden unexpected expenses? If your money was not tied up in some investment, how could you deal with the sudden unexpected expenses? If your money was not tied up then it could have been used as your emergency fund. Worst, if you have an emergency and you have no savings or emergency fund, then you may have to apply for debt.

      A strong foundation will result to having sturdier and resilient finances that can withstand any money- related storms, tornadoes and earthquakes. Following these five building block of a strong financial foundation will help build and secure your financial future.