10 Random Questions To Ask Yourself About Money – Part 5

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:

  1. A great financial plan that includes a budget with savings, investing, and clear spending (ensures clarity)  (Click HERE to get our free budget tools)
  2. Life insurance (replaces your income)  (Click HERE to get free on-line quotes from US Insurance Online)
  3. 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!

Read entire series (available 8/19/2011)

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