When planning for a successful financial future it’s important to include financial vulnerabilities….any tennis pro will include their vulnerabilities in their game plan and with good reason. Having this information will allow you to prepare for the expected as well as the unexpected.
Potential vulnerabilities you may be exposed to in life may be… loss of income or job, large medical bills, major home repairs and possibly the loss of your home or other assets. These unexpected storm clouds can happen at any time so it is especially important to be prepared.
Become proactive and start by cutting out some of the extra’s NOW and begin putting aside money each month to create an emergency fund. This fund will help you avoid paying by credit and keep you from going into further debt during these vulnerable times.
Some of the unexpected vulnerabilities are too large to pay from the emergency fund and this is where protecting yourself with Insurance makes sense. Research and find the best medical, life, homeowners and auto insurance options and, keep all insurance policies current.
We can’t prevent all life circumstances that create vulnerabilities but we can be prepared should they occur. When you have an emergency plan in place, it allows for a healthy emotional and financial response during unexpected events. Protect your financial future by consulting your financial advisor to feel prepare for whatever the future may hold.
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