The Income Protection Secret: How to Safeguard Your Paycheck Even When You Can't Work - Episode 325

The Practical Wealth Show

In this episode, we're diving into a crucial topic that every working professional needs to understand: income protection. Life can throw unexpected challenges our way, and when you're unable to work, your paycheck shouldn't be one of them. Join us as we uncover the secrets to safeguarding your income, ensuring that you and your loved ones are financially secure, even when life takes an unexpected turn. Whether you're an entrepreneur, freelancer, or employee, this episode will provide practical tips and strategies to protect your earnings and maintain financial stability, no matter what comes your way.

Highlights

• Income stopped tomorrow: What would you do?
• Your financial plan must work in all market conditions.
• Focus on the order of financial steps.
• Lifestyle regulator/budget: Balancing current and future needs.
• Cash flow management as the first step.
• Saving 15-20% of gross income.
• Importance of playing financial defense.
• Consequences of losing your income.
• Real costs and risks of disability.
• Insurance: A necessary preemptive measure.
• Restoring cash flow through insurance.
• Types and benefits of disability insurance.
• Own occupation vs. any occupation.
• Personal anecdote on government disability claims.
• Key factors: Benefit amount, waiting period, payout duration.
• Financial planning: Cost of peace of mind.

Links and Resources from this Episode

• https://www.practicalwealthadvisors.com
• https://www.practicalwealthsolutions.net/
• Email Curtis for a free report - [e-mail]
• Call his office - 610-622-3121
• ERC Tax Credit - https://ercspecialists.com?fpr=curtis75
• Schedule a call with Curtis: https://aptwithcurtis.as.me/Strategysession
• CashFlow Mapping: https://practicalwealth.cashflowmapping.com/lp/PWbudgetsstink
• Private Reserve Strategy: https://app.agent-crm.com/v2/preview/vWh4TyHnUBXdULimd82i
• Text PROTECT to 833-422-0250 to get a FREE Report
• Special Listener Gift Schedule a 15-Minute Call with Curtis: https://aptwithcurtis.as.me/Strategysession

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