Have you really looked at your financial situation?  One way to look at it is to look at it like a house.

Let's start with the Foundation:

• Health insurance (Medical bills can sink you)
• Life insurance (A tax free, instant estate)
• Disability insurance (Covers you monthly nut, if you can't work do to an injury)
• Home and auto insurance (Mandated by the mortgage company and the State)
• Umbrella insurance (Protects you from litigation above and beyond your home and auto insurance)
• Emergency fund (Self explanatory-- 3-12 months is recommended)

Next, the Walls and Rooms:

• Targeted savings (Vacations or large purchases)
• Retirement funds (Now a 20-30 year span in most people's lives)
• Education funds (It only gets more and more expensive)
• Business start-up funds (Now, capital is even more important than ever)
• Second home funds (If you must . . .)

Finally, the Roof:

• Investments (Discretionary funds)
• Risk capital (Money you are prepared to lose for potential big gains)

As any builder knows, always start with the foundation . . .