5 Things Everyone Should Prepare for Before it Actually Happens
Proper planning and preparation prevent piss poor performance. The 7p’s holds true not only for the US military but for people in general. The better prepared you are for things (expected or otherwise), the easier it is to perform well (or bounce back). Unfortunately for most, reacting after the event has taken place is a common trend. If you fall into the category of “crossing the bridge once you get to it,” you may want to rethink things.
1. An Auto Accident
No matter how great you are at driving, it doesn’t mean that you won’t end up in an accident one day. In fact, an accident happens somewhere just about every second of every day, which means the likelihood of it happening to you once in your lifetime is possible. While you may already have necessary protections such as health and auto insurance, are you prepared in the event that you need to take legal action?
Knowing a reputable personal injury or auto accident attorney prior to being involved in an accident will help you in a variety of ways. Primarily, it speeds up the process of filing your insurance claim and getting the compensation you rightfully deserve.
2. Financial Hardship
While financial freedom and good financial health are what you’re after, there are instances that are beyond your control that could send your finances spiraling out of control. Are you prepared for the loss of employment, decrease in income, increase in cost of living, or an accident that puts you out of work? If the answer is no, you’re in big trouble.
You should get prepared by starting an emergency savings account. Try to accumulate as much as six months to a year’s worth of expenses. This way, should something unforeseeable take place, you can at least manage for a few months while you find a solution.
3. Natural Disasters
The weather is getting a lot crazier these days and you’ll want to be prepared. From Super Storm Sandy to flooding in Texas, you can see how bad things are getting. Are you prepared to deal with a natural disaster? Or will you find yourself trying to survive and come up with a solution as the madness unfolds?
There are emergency preparedness kits that you can invest in that will give you things like flashlights, batteries, freeze dried food, and more to prepare you for a disaster. You should also make sure that your homeowners or renter’s insurance covers the costs of damages.
4. Household Disaster
Should the electrical system go out or a pipe burst in your home, are you prepared to pay for an expert contractor to have the issue resolved? Unfortunately, you can take good care of your home and still experience some sort of disaster. Being prepared prevents you from having to pay outrageous costs for an emergency contractor (plumber or electrician) and also ensures that the matter gets resolved quickly.
To prepare for a household disaster, it is ideal to first have a cushion or nest egg in savings so that you can pay for services and the replacement of appliances or personal belongings. You should also have a few contractors in mind that you can contact right away so that you don’t have to try and find a reputable service provider in the midst of chaos.
According to Time Magazine, one out of every three Americans has $0 saved for retirement. Unless you plan on working until death, this is a huge mistake. Trying to live on social security alone could cause serious financial stress at a time when you should be enjoying yourself and life.
Preparing for retirement requires you to start depositing funds into a retirement account. You should also create an ideal retirement budget so that you can be sure that you’ll be able to live off the income you’ve saved.
Being prepared is always the best solution. Each of the events above can creep up on you. There’s nothing worse than trying to plan for something when you’re in the midst of all the craziness. It creates a stressful environment that can make it harder for you to make informed decisions which can lead to even more issues. If you have not begun to prepare for the above occurrences in your life, it may be time to rethink a few things and get to work. As they say, it’s always better to be safe than it is to be sorry.