Jan 10 2025 39 mins
We traditionally think of preparedness as a function of natural disasters, where we ready for storms and events that may cut off the critical infrastructure for days. When we think about economic preparedness, it is often the gateway conversation to understanding that the phenomenon extends to political, economic, cultural / ideological and familial crisis as well.
Your family's primary income is exceptionally important to their ongoing health, it should be protected to the greatest extent possible. Hence, we discuss the ideas of creating a plan for when your income suddenly goes to zero, how you'll replicate that income, the timeframe to resume earning and the necessary emergency funds. Further, we talk about the need to understand the environment in which your company operates, is there an exogenous force that may cause your employer to close, reduce shifts or otherwise make changes to your level of income. We finish with a conversation about entrepreneurship, the challenges with that and concerns about preparedness that are essential to those building wealth. We know you cannot become wealthy by accepting a salary, only through business. Are you ready to venture into the unknown? I would only do so with a robust economic preparedness plan, that's what we offer...
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