Financial adviser explains how to become financially secure

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TWIN FALLS, Idaho (KMVT/KSVT) A recent PurePoint Financial study has revealed that more than 2 in 5 Americans have less than $1,000 in their savings account.

Putting you and your financial security first, we talked with a financial adviser to see how you can start saving.

Financial adviser Dan King at Waddell and Reed explained to KMVT that financial security starts with putting a plan together. It should include financial goals, time frame and life experiences.

King also explained that while some economists say an economic downturn is possible, it's normal for the economy to have its ups and downs and to just be prepared.

“You have to have a plan to make sure that you can weather through those types of storms. But you know, to answer that specifically I don't think anybody really knows,” King explained.

King also stressed the importance of finding a plan that works for you, and reminds every one that just because something works for one person, doesn't mean it's the plan that will work for your situation.

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