YOU CAN be financially prepared for life events

The Meaningful Money Personal Finance Podcast

Pete Matthew

Business, Investing, Education

4.8 • 1.6K Ratings

🗓️ 5 February 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	Hi folks and welcome to the Meaningful Money podcast. This is Season 30, Episode 3.
0:12.6	Yeah, welcome back to Meaningful Money, the show that helps you understand personal finance
0:16.7	so that you can take positive action to improve your financial situation. And something that has definitely improved my financial situation was meeting this man,
0:25.1	the one and only.
0:25.7	Mr. Roger Weeks, so you do, but.
0:27.0	I'm fine, thanks, Pete.
0:28.0	I'm glad to hear you think that.
0:29.7	And hopefully my past clients feel very much the same way.
0:32.1	Hopefully.
0:32.3	Yeah, please don't write in.
0:34.7	Yeah, you encouraging me to join Jackson's actually as an IFA also improved my financial situation, so thank you for that in return.
0:40.6	Do you remember, by the way?
0:41.7	Do you remember that I was considering going on my own and we had a meeting and we talked about, well, I was like, hey, let's do this together.
0:48.7	And you very wisely said, no.
0:51.0	Are you sure Pete because I was literally thinking about striking out completely on my
0:55.4	own instead of and then ended up joining Jackson's which is yeah and then you
0:59.2	fantastic and the rest is history but I'm not sure you think I've improved your financial
1:04.1	situation although Pete being that it's you who's always driven the changes in the business
1:08.1	which have made such an improvement in what and how we do things.
1:11.1	Very kind.
1:11.7	How do you think I've really helped you in particular?
1:14.2	Well, I mean, I was like a baby when we first.
	...

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