THE IMPORTANCE OF PREPARING
IT’S NEVER TOO LATE TO START
As of the writing of this newsletter at the beginning of April, the spread of COVID-19 continues to change the way we live our everyday lives. It’s affecting health, well-being, and workflow for millions of people. It’s certainly not something to take lightly, but neither are the lessons we can learn from it. Use this time as an opportunity to be proactive and start preparing for your family’s future.
If there’s anything the current state of affairs is teaching people, it’s that it pays to be prepared. Warren Buffett once said, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” You can only reap the benefits of preparation if you actually do the preparation. Whether you’re disaster planning ahead of storm season or thinking about the future of your estate and other affairs because of the current pandemic, use this time to be proactive for your future and the future of your family. There’s never a bad time to start strategizing your personal, professional, and financial needs.
When it comes to personal planning, think about what your family needs now and what they might need later on. What supplies will your family need to live comfortably for a stretch of time? What safety measures and practices should you put in place if any kind of disaster strikes? Also, reevaluate your auto, home, and health insurance to make sure they’re all up to date and contain provisions that you need.
Professionally, it’s important to remain vigilant with continuing education and certifications you need for your trade. With the changing economy, getting tactful with finances is becoming increasingly prevalent, so maintaining your credentials and seeking ways to obtain more of them is important. There are always courses and classes you can take online to supplement your knowledge, and they also present incredible opportunities to pick up a
new trade or craft that could benefit your ability to provide.
When it comes to your financial planning, if possible, always put a portion of your earnings into some type of emergency fund so you’re not leaving that part of your life entirely up to the fate of the economy. The current pandemic is also making people truly think about what would happen to their loved ones should something happen to them. What do you want to leave behind? What kind of security do you want to provide your family? Work together with your significant other to get on the same page with your estate and finances. Share plans and account information with one another and talk about why budgeting is important. Communication is key.
At The Whisler Law Firm, we want you to know that we’re still here for you. We’ve been reaching out to past and current clients to check in and see if there’s anything we can help them with. In times of concern and distress, ample communication is too important to ignore. And when it can’t be done in person, it becomes that much more important to be proactive about reaching out in other ways. So we’re reaching out to assure you that if you’ve ever been a part of The Whisler Law Firm, you’ll always be like family to us. We can help you get started with any preparation or planning you are ready to do and provide peace of mind should you need it.
– Josh Whisler