Real Life Scenarios

Im 35 years old,  married with 2 young children. My wife doesn't work, and I am the only money earner. Im worried what would happen to my family should I suddenly pass away.

Term life insurance is life insurance for a defined period of time, that will pay a sum of money in the event of death within the defined term. For example, you should have a term policy to see your children through to independence and having your mortgage paid off.

I am risk adverse, but want to invest. What should I be investing in?

Cash deposits are the lowest level of risk, if you don't take into consideration Inflation. With current interest rte rises, there are 3 to 5 year term deposits which return 6-7%, with 100% capital protection. These would be great for lump-sum investments.

There are also 100% capital protected regular savings plans available, from as little as $200 per month.

Many people earn in different currencies at the same time.

You can have multi-currency bank accounts and investment accounts should you want to invest and save in a range of currencies.

There are also currency conversion companies, which save you a lot of money when converting currencies from one to another. Bank exchange rates are usually very expensive with hidden costs.