Welcome to the latest series on JosephSangl.com – 10 Random Questions To Ask Yourself About Money
These are 10 questions that have personally challenged me in my finances, and I know they can help you too!
Question 5 If I died today, would those who depend upon me be able to prosper?
Would your income be replaced? Would your family know your final wishes? Is there a written plan?
Here is a fundamental fact: You ARE going to die!
Unfortunately, some people die way too prematurely. Since we all probably know of an instance where someone has experienced such a tragedy, it is wise and prudent to prepare appropriately.
A good plan includes:
- A great financial plan that includes a budget with savings, investing, and clear spending (ensures clarity) (Click HERE to get our free budget tools)
- Life insurance (replaces your income) (Click HERE to get free on-line quotes from US Insurance Online)
- A written will (provides your wishes) (I like the on-line will forms that you can get at LegalZoom.com)
ACTION: Review your financial plan and ensure that it includes each of the components above. If an area is lacking, take steps to address IMMEDIATELY!