In this modern day of extravagant living, having worries about money is about as common as getting a cold. At some point or another, everyone has monetary constraints and debts to worry about. While you may not be able to change those once they have arisen, there are a few ways you can keep yourself from getting into debt to begin with. Included here are a few ways to secure your future financially as much as possible.

Invest in Silver

While the stock market may promise greater financial returns, there is also a great deal more risk for your investment. By investing in silver, you are purchasing an asset that is recognized worldwide and does not have as much changing value as the dollar. If the market crashes, silver will still hold value and can be exchanged for food and other goods.

Create An Emergency Fund

Liquid assets are crucial to staying out of debt. If you invest all of your money and leave yourself with no easily accessible savings you are setting yourself up for a crash when you have an unforeseen home repair or medical bill. Be sure you have enough money available to live for six months in case of job loss or health problems.

Open a CD

Another way to secure your assets while avoiding the risk of the stock market is to open a CD savings account. A CD is a Certificate of Deposit and is basically a savings account with a higher interest rate. The difference is with a CD you must leave your money there without making any withdrawals for a set period of time. Withdrawing your funds early, or before the terms of the contract are up, will result in fines or penalties.

Invest in the Market

With the market reportedly on the rise, now may be the best time to invest. There are many different stocks for the daring or conservative and they offer a way to secure continued monetary income after a set investment portion. Some experts claim they can retire purely on investment earnings as early as 35 years before the rest of the nation. While retiring at 30 may not be everyone’s goal, it is possible to make a decent portion of money based on your investments alone.

Live Within Your Means

The greatest way to secure financial security is to live on less than you make. A good rule of thumb is to live off of 25 percent less than your income, but for many people it could be even less than that. By being more cautious about your spending, you can ensure you will have more money to put in savings and investments and you will avoid worrying about paying the bills each month.