YOU CAN be financially prepared for life events
The Meaningful Money Personal Finance Podcast · Pete Matthew - Meaningful Money
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Show Notes
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