Emergencies happen, and there’s no getting around them. However, there are things that we can do to protect ourselves financially. You’re not working as hard as you are to just end up behind the curve, wondering why you can’t retire, or reach other lifestyle goals. Do you want to travel more? Build a business? Or maybe just buy a really awesome car? Financial goals are almost as unique as freckles and snowflakes, and everyone has at least one goal that they would really like to achieve.
Financial protection is about planning, looking ahead, and taking action before the worst happens. Here are a few things to consider if this is important to you:
What does your paperwork situation really look like? We’re not talking about how many papers you have around your home, as everyone has paperwork. We’re actually talking about how organized everything is. Do you have things in proper order, or do you struggle to find the files you need when you need them? If the worst happened, like a fire, would you be able to have backups of your important paperwork to refer back to? Make sure that you don’t just rely on cheap “fireproof” safes, as they don’t always preserve your papers properly. Getting duplicates of important things is critical, and they should be stored in a safe location. Most banks have safety deposit boxes, so it’s not a bad idea to talk to your local bank. You can also scan in all of your documents and store them securely in the cloud, but it would be better to have the originals stored elsewhere.Continue Reading