Over the years as a firefighter, my colleagues and I have advocated to conduct fire drills at your homes and businesses. The key to any successful plan is to have one and then practice it! Think about it, if you woke up at 2am to the sound of a smoke detector going off and smelled smoke… would you know what to do? That is not the time to be figuring it out, and not knowing what to do could cost you your life or your family’s life.
I want to use this same thought process, and the planning associated with it, to help create a solid financial readiness plan that could save the financial life of your family members. We as financial advisors preach financial planning, life insurance, and legacy planning, but how many people actually have a viable plan and sit down to create a strategy? I developed the Financial Fire Drill to make it easy for clients to feel prepared and have peace of mind.