Do not make resolutions-Take Action!

Do not make resolutions-Take Action! -


A new year is a clean slate. Enjoy the fresh start taking steps that will help you build a better future.
Many people will tell you they do not have time to plan. I say you do not have time to do not. The bottom line is: Life happens. We tend to focus too much on tomorrow and not enough today.
Many Americans have taken steps to save for retirement. And while it important, it should not be at the expense of overlooking the risks that we live every day. What would happen to your retirement plans if you become disabled for a long period of time? What if a major source of income in your family died suddenly?

The loss of revenue from one of these situations could have a major impact on your retirement savings and can leave your family in a financial hole they can not recover. My mother always told me "prepare for the worst but expect the best."
So what are you gonna do?

Here are some quick steps you can put into play today to help you make a difference to the financial future of your family:
1. Be protected.
Stop sitting on the fence. There is no good time, so just do it now.
See what your disability insurance plan is working, if any, and how additional disability insurance can get help if you were to become disabled and unable to work .
life insurance purchase to protect your family. There are many affordable options, including term life insurance. But do not count out to protect your family on the basis of what you think can afford one. Do your homework and talk to a financial professional confidence that can help suggest solutions.
If you buy insurance, be cautious consumer and ask questions about the protection of policy add-ons called jumpers. Riders may give you additional benefits and to increase the peace of mind that if something goes wrong, there is another option that will help you maximize your insurance coverage. For example, a "waiver of premium" drivers means that the company pays the premium of life insurance should you become totally disabled. Some riders are free, but many are available at an additional cost.
2 . repay your debt.
Create a debt reduction strategy for high-interest credit card debt. and stop charging. one of the biggest budgeting mistakes people make is not having paid their debt retirement. Start now and stick with it.
3. Start saving.
successful investors use the concept to first pay every time they receive a paycheck. Check with your employer to see if a portion of your paycheck can be automatically deposited into one or more savings accounts and leave the building.
The sooner you learn to pay you, you will be better in the long run. By starting early, the power becomes a formidable ally in the growth of wealth, and it also opens the way for the construction of that three to six months of advisors emergency salary schemes recommended in case you lose your job.
What do you expect?