Do As I Say, Not As I Did
Today I am off to a funeral of a friend. He died suddenly and left behind a wife who is unprepared to handle the day t-to-day events of life. He never even taught her to drive a car! Most of us have that ability and also we know how to pay our monthly bills, but when we find ourselves, unexpectedly, without our spouse, life can and does change drastically.
Are you prepared for this change? Like so many other women before me, I left the knowledge and tasks of finances to my husband. In the end, this was devastating.
As a business owner you need to take control of this area of your life. If you are married, sit down with your spouse today and get a clear understanding on how and what needs to be done each month, what is set in place for this eventuality and how you will begin to rebuild. If you are a sole provider and want to know the next step, contact a financial advisor.
In either case, after you have a handle on where you stand, your financial advisor can help you map out a plan to ensure you will not outlive your money. Remember, your financial advisor is there to assist you. They are not there to take your hard earned money FROM you. With their help you will be able to determine what tools you need to put in place to ensure you won't end up on the streets, like I would have, if not for the willingness of friends to take me in.
Some of the tools that are available to you are Life Insurance, annuities, 
money markets, CDs and even Education IRAs to help ensure your children will be able to go to college. Each has its specific purpose and this is just the short-list. Your financial advisor will help guide you in your choices. Much like you doctor advises you and then helps you implement the needed changes to ensure your physical health, your financial advisor will help you recognize your financial well being and put in place the systems you need.
Don't wait until it is too late! Take these steps today! I lived my life unaware and got caught up in a financial crisis that I wouldn't wish on my worst enemy. Take control of your financial health and your future today!
© Copyright 2010 Ginger Marks
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