Every storm that we survive in our lives is a learning opportunity. How do we react to a similar storm in the future? Those who do not learn, are trapped in a vicious cycle destined to make the same mistakes and expose themselves to the same pain over and over again. We are all still recovering from the Covid pandemic. Depending on where you live, your experiences may be different than others. Those in Chicago have experienced the pandemic differently than those living in Orlando. Reviewing some of the things that happened to many people, here are items for attention that should be adhered to in preparation for another similar storm. First, make sure you have an emergency fund. There were many people who lost their paycheck involuntarily and suffered financially. An emergency fund could have made the negative experience more bearable. Secondly, have your affairs in order. Make sure your beneficiaries are updated as well as having a will or trust in place naming a durable power of attorney and healthcare representative. Thirdly, make sure your loved ones know where your important documents and accounts are. Do not assume they can find everything upon your death or illness. Make sure you are prepared by having non-perishable food in the house along with paper products, water, and gas. We all remember the toilet paper fiasco! Prepare your affairs as if this is your last day on Earth because it may be. Procrastination regarding financial stewardship is dangerous and irresponsible. If you need help, please seek good attorney and financial planner. You may also request a review from myself. Feel free to give me a call at 88-226-7614. God Bless
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