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Radical Personal Finance

347-Disasters Happen: Make a Plan Now to Ensure You Have Plenty of Money Available to You to Solve the Problems Money Can Solve

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 13 June 2016

⏱️ 56 minutes

🧾️ Download transcript

Summary

June 1 is the start of hurricane season here in South Florida. June is always when I review my own hurricane preparedness plan and assess it for any weaknesses.

I've also kept a close eye on the Fort McMurray wildfires and the economic crisis currently underway in Venezuela.

Given these stark and vivid disasters, I've wanted to draw your attention to them as a way for you to consider how you're prepared to handle them.

Today I focus on the importance of money--specifically having some available to you in times of crisis.

Enjoy,

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Today on Radical Personal Finance, we're going to talk about tough times and some disaster scenarios,

0:06.0

and we're going to talk about how, hopefully, proper prior planning with your money can lead to better results for you and your loved ones

0:17.8

when disaster strikes. And the Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host.

0:40.0

Thank you for being with me. This is the show where we work hard to provide you with the knowledge,

0:43.9

skills, insight, and encouragement that you need to live a rich and meaningful life now

0:49.5

while building a plan for financial freedom in 10 years or less.

0:52.3

A lot of difficult things going on around the world. I don't know that money is

0:58.0

going to improve them, but let's do some planning in case it can for you.

1:03.0

I've been wanting to do a show here about disaster planning.

1:12.0

There have been a number of things that are kind of

1:13.4

coalesced. I wanted to do it at the beginning of June. You know, June 1 is the start of

1:17.4

hurricane season here in South Florida. That's our, some of you guys have to live with

1:20.4

earthquakes and forest fires and tornadoes.

1:24.5

Those all have unique characteristics.

1:26.4

But in general, the only natural disasters

1:28.6

that we have to plan for here in Florida.

1:31.2

Well, not the only, but earthquakes are not a major factor. Winter

1:35.9

blizzards and ice storms are not a major factor. The big one for us is

1:39.7

hurricanes. And then hurricanes sometimes can be associated with tornadoes but we don't have

1:44.2

anything like the tornado activity that those of you in the Midwest the United States

1:47.2

have. So this time of year I always turn my head to hurricane season. I

1:52.3

consider you know, am I prepared to go through some hurricanes with my family?

...

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