We have all experienced the feeling at some point in our lives... the panic that sets in when you see the quote for an unexpected car repair, dental surgery or a broken refrigerator. The first thought that probably came to your mind was “How am I going to pay for that”?
For some of you, the past 12 months may have resulted in you (or someone in your family) losing a pay check or having a sharp decline in salary, even if it was only for a short period of time. What this experience highlighted is that the overwhelming majority of households and businesses do not have an adequate safety net. In fact most had less than 30 days of cash reserves on hand and a recent study (Northwestern Mutual's 2018 Planning & Progress Study) revealed that 21% of adults have zero dollars set aside for retirement.
Now, how would your life be different if that unexpected bill didn’t cause fear or panic? What if you could pay the amount without thinking twice, and instead of a major upheaval or emergency, it barely registered on your radar as a tiny hiccup?
That sense of relief and confidence has a name... it’s called financial freedom.
It will look and feel different for everyone but it is so much more than just being able to afford to pay for emergencies. It includes knowing that you don’t have to worry about retirement and it could also mean the freedom to quit your job in order to do something you love, spend time with family or do something that fulfils you.
Bio:
Gigi McGinnis, a regional VP with Primerica, is our expert guest today. She was raised in Atlanta GA by single parent and this life experience influenced her career choices and values around money in a profound way.
Financial Foreplay® Highlights:
Get in touch:
Website – www.primerica.com/gigimcginnis
Phone – (706) 654 6409
Email – [email protected]
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