In this final episode of this series, we are going to talk about something that many people don’t like to talk about – and will try to avoid it at all costs – and that is Being Prepared for Unfortunate Circumstances. The thing about Unfortunate/Unforeseen Circumstances is they don’t discriminate based on age/race/religion/gender/socioeconomic status - no one is exempt. And yes, while we believe, pray, and hope for the best, it is wise to be prepared for the worst (just in case).
If we didn’t learn anything else from the past two years, the one thing we should have learned is that things can change dramatically and rapidly – without much warning. So, let’s Be Ready.
In this episode, we will discuss Being Ready for Financial Crisis, Illness, and Death.
So, you’re working, you have a great job with great pay and then BOOM! Out of nowhere, you lose your job. What do you do while you seek new employment? Same thing if you are a business owner; what do you do if your business takes a big economic loss? Are You Prepared?
Here are some things you should do NOW to prepare for financial crisis.
Be Ready For Financial Crisis
· Multiple Streams of Income (Side Hustles, Investments, Part-time Job, and etc.)
· Save! Save! Save! (and Save Some More!)
· Look for ways to reduce expenses
· Live below your means
· Emergency Fund (in addition to your savings)
· Budget – and backup budget (leaves out things you can cut back on or do without if necessary)
· Take stock of your assets (what do you have)
· Get rid of debt NOW
· Keep cash on hand in case of emergency
· Insurance
Now, here’s a hard one. What do you do if you or a loved one becomes extremely ill, or even worst, passes away? Will you and your family Be Ready? I know it may sound morbid, but this is probably one of the most important conversations you should have with the people you love. Don’t make the mistake of thinking, “We’ll cross that bridge when we get to it;” because what if it is sudden and unexpected? What if you or a loved one is incapacitated and unable to make these important decisions? So, why not do it now?
Here are some things you should do NOW to prepare for illness/death.
Be Ready For Illness/Death
· Say everything you need and want to say
· Say, “I love you” often
· Spend as much time as you can together – create great family memories (leaving no room for regrets)
· Discuss family assets – Insurance (Health and Life)
The ants have no chief, no boss, no manager — no one has to tell them what to do. You’ll see them working and toiling all summer long, stockpiling their food in preparation for winter. So, wake up, sleepyhead. How long will you lie there? When will you wake up and get out of bed? If you keep nodding off and thinking, “I’ll do it later,” or say to yourself, “I’ll just sit back awhile and take it easy,” just watch how the future unfolds! By making excuses you’ll learn what it means to go without. Poverty will pounce on you like a bandit and move in as your roommate for life (Proverbs 6:7-11 TPT).
Don’t Be Getting Ready; Be Ready – Stay Ready
~For Unfortunate Circumstances~
Remember, If God Said It, Then That Settles It.