7 Steps to Create More Financial Success in Life- Day 2
2. Make sure you have a strong financial foundation
Why is it so important to have the right protection plan?
The mistake that I have seen many people make is that they are so focused on making money but forget about their foundation. In the previous step, I talked about how building wealth is like building a house – you have to start by having a blueprint. When you finally have a blueprint, the next step you will take is to build a foundation.
Why do you need a foundation? Without a strong foundation, anything you will build will eventually collapse easily.
Texas recently had a storm and a lot of people lost their homes, power, and water. Nobody expected that we would lose power, but luckily, my father-in-law had a generator. We were able to use it to have power in our home.
Similar to protection plans, many people would normally think it is a ridiculous expense and they wouldn’t really need it. At the moment, you may not need it, but when you do it is very important to have one.
It is always better to be prepared and have insurance and protection and not need it, instead of needing it and not having it.
This is the 2nd step out of 7 to create more financial success in life. First, have a blueprint, then a strong financial foundation. If you want to learn more about the 7 steps to create more financial success in life, stay tuned and I will see you tomorrow!
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