Maslow’s hierarchy of needs teaches us that, besides air and food, a feeling of safety has to come before anything else.
That's why I’ve created a decent safety net for myself and my family. That way, I can be free to pursue some more interesting ventures, with the confidence of knowing that if all else fails, we’ll be alright. Here are some specific ways to create safety nets in your life.
Now, let’s look at what we discussed in this episode:
- 4 Financial safety nets
- 5 Health safety nets
- 3 Life safety nets
Here’s a breakdown of how this episode unfolds…
These days, I would say, relying on a single source of income is probably one of the worst ways to put yourself in a bad situation.
Look at your different income streams, look at whatever you have in terms of your portfolio already. Would you be okay if you have some long-term disability issue? Do you have the financial means to continue to live as you need to and not burden your own family financially if something happened to you and you needed that type of care?
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