Today we’re going to be taking about being financially prepared for life events. This is important because it’s so easy to make progress with your finances, only to have the rug pulled out from under your feet by something unexpected. Or even something that IS expected…

Shownotes: https://meaningfulmoney.tv/YC3

Everything You Need To Know

03:00 Life events – like what?

03:55 Marriage

04:43 Having a Child

05:09 Buying a Home

05:24 Career Advancement

06:02 Starting a Business

07:47 Receiving an Inheritance

08:44 Job Loss or Career Change

09:10 Divorce or Separation

10:04 Serious Illness or Disability

10:41 Death of a Family Member

11:36 Caring for Aging Parents

12:25 Children’s Education Costs

12:53 Relocation

13:45 Retirement

14:14 Unexpected Large Expenses

15:15 Being prepared means mastering the 3F’s – Foundation, Forward-looking, Flexibility.

 

Everything You Need To Do

17:03 Foundation – Emergency fund, workplace benefits and personal insurance.

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28:38 Forward-looking – consider what may happen and what is likely to happen.

43:02 Flexible – keep things flexible so that we can be able to make changes as needed.

51:47 If big events happen – take your time, seek help.

 

53:35 Podcast Review