Are you Planning Ahead?
In Louisiana, 61% of individuals lack a “rainy day” fund to cover expenses for three months, in case of emergencies such as sickness, job loss or economic downturn. Other states are better, but most are as bad if not worse.
In the case of job loss, the average time out of a job is 8 months. So a logical question is this. Do you have 8 months of income, stashed away in a bank account, that you are currently not touching, that you can use to pay your bills if you lose your job unexpectedly?
Very few people reading this blog article can say that they are 100% SECURE that they won’t ever lose their job.
So if you don’t have 8 months of income, IN THE BANK – right now, what is your plan? Are you confident that you can lean on a friend, neighbor, co-worker or relative that will come up with money for your bills? Go ahead and call them now. Just for the heck of it and see what they say. Then tell them you were just joking. THIS TIME. And are you prepared for the bad energy this “borrowing” of cash will have on your relationship with someone that you know well?
Please remember: “PROCRASTINATION is NOT a MONEY STRATEGY!”
Proper planning is your only solution. And did you know it doesn’t cost you a penny for us to have a casual conversation on this matter?
Let’s have that conversation, beautiful people. BEFORE you lose your job.
Planning ahead helps you to overcome adversity much easier.
Peace, Love and Gumbo~
Marvin
