What would you do if an unexpected financial disaster hit tomorrow? In this episode, we dive deep into the financial durability ratio—a tool that measures your ability to withstand unforeseen expenses or catastrophic events. We’ll discuss how this ratio helps you identify vulnerabilities in your financial preparedness and reduce the anxieties that stem from unknown risks.
You’ll learn how creating a plan for the unexpected, from securing proper insurance to optimizing savings, can safeguard you against financial stress and uncertainty. Discover the importance of having robust insurance protection, tools to prevent bankruptcy, and why it’s crucial to know how much cash and savings you have access to.
What You’ll Learn In Today’s Episode:
- What the financial durability ratio is and how it works.
- The importance of having a solid insurance policy.
- Tools you can use to avoid bankruptcy in a financial disaster.
- Why unknown risks create more anxiety than known problems.
- How to optimize your savings and cash flow.
- The benefit of having a Roth IRA.
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