The COVID-19 pandemic has impacted a lot of people and industries in different ways. For many, it has dented our pockets in ways that will be felt for a few months or years to come. Here, I’d like to offer four key ways in which you can create and protect your wealth post-COVID.
- Be proactive about your health
In order to protect your wealth, you need to protect your health. It’s that simple.
I understand that it can be easy to take our health for granted, especially when dealing with multiple and competing priorities everyday and around the clock. But your physical and mental health is not one of those back burner types of tasks. It must be taken seriously and be a priority over all else. Because at the end of the day, when our health gets hurt, so does literally everything else. In fact, the pandemic is a great reminder of why our health comes first and what happens when it’s compromised.
While it is important to be immediately reactive and address any type of health concerns as they come, it is extremely important to be proactive about it as well. Take the stairs versus the elevator. Limit your social media intake per day. Schedule in a meditation slot in your calendar. Why? Because it’s easier to prevent damage than to fix it. So, post-COVID, I truly encourage you to keep up with the momentum of putting your health and well-being at the top. And for stronger protection, check out Inforce Life’s insurance and benefits packages that can help you enjoy peace of mind with reliable, affordable, and customizable policies.
- Plan your finances
Plan, plan, and plan your finances. I cannot stress the importance of this, but many of us don’t financially plan nearly as much as we should. And if we did, we’d probably be a lot closer to retirement than where we are at right now. I recognize that financial planning can seem rather nerve wracking, but start somewhere. Create short-term, mid-term, and long-term plans. And revisit them periodically to evaluate your progress and make adjustments as needed.
- Talk to a financial advisor
Planning your finances can be tricky, especially when you have a lot of different moving pieces, including debt. This is why it’s important to not only talk to a financial advisor, but also build a meaningful, long-term relationship with them. Unfortunately, there’s a lot that happens in life. And so, it can be rather difficult for any single person to truly dedicate 100% of their time, focus, and energy on planning their finances. A financial advisor’s job is to put your finances first, and therefore will focus on that and only that. This is why leaning for support from a financial advisor is key. And beyond that, they are trained professionals. So, the guidance and feedback you can get from them is truly invaluable.
- Continue to save and invest
Lastly, it goes without saying, save. Save so that you not just survive, but thrive even at points in your life where you may be at a loss of an income (through choice or forced). And then when you are able to save, invest. Invest because every wealthy person has one thing in common: multiple streams of active and passive income.
Need more guidance to strengthen and protect your wealth? We here at Inforce Group can help. Connect with us!
