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The Coronavirus pandemic is responsible for many things, it has killed tens of thousands of people, it has caused thousands more to be critically ill, it has meant that many businesses have had to close down, people have lost their jobs, and even those who have not been seriously affected have been working from home and stuck indoors for months. It has, however, shown us that our lives can be turned upside down overnight. While there wasn’t much any of us could have done to prepare for this pandemic personally, it is now important to look to the future to see what you can do to be better prepared for other life-changing events that may arise in the future.
Save your pennies
Whether it’s an unexpected happy surprise such as a new baby or its an unwelcome expense such as divorce costs which you really haven’t budgeted for, anything can happen, and you never know what is around the corner. While you can never really prepare emotionally or even physically for certain situations, what you can do is save money so that you can prepare financially and have one less thing to worry about in a stressful event. It’s always nice to know that you have a cushion of money there for when you need it and hopefully you never will.
Prepare for natural disasters
This might be something you already have in your mind, or it could be something that has never entered your thoughts. If you live somewhere susceptible to flooding or storms, then you probably do think about what you would do in the event of this happening, and you will know that it is imperative that you have insurance for these kinds of events. It’s also a good idea to prepare a decent emergency kit and five-day supply of food and water on hand in your home, car, or office. Even if you don’t live in one of these areas, would it take up a massive amount of time or effort to be prepared anyway? While it might not be a natural disaster, it could be another virus or a terrorist attack that keeps you stuck inside, and it would be a good idea to be prepared for anything.
Do you have the right insurance?
It is essential that you have life insurance for your family as it should provide your them with enough money to pay off any debt you have and then live on if you are not around anymore. If you do have children, you should make sure that the insurance is enough to help cover the cost of their education. Remember that if your partner doesn’t work or doesn’t earn enough to support your family, not only will they have that burden, but they will also have to deal with stress and bereavement so a good life insurance policy can take just a little bit of the pain and worry away.
Are there people around you who will help you?
If you have an accident or suffer from an illness, have you thought about who you can rely on? Do you have people around you that you can count on? Perhaps you have helped people in the past when they have needed it? Having a support system can be what gets you through when an unexpected event occurs, but it’s good to think about this beforehand so you know who you would call if you need them.
Stay Positive but be realistic
While you don’t want to live your life planning to get ill and feeling scared to go out in case something falls on you, or you catch a cold, however, it is still good to think about what you would do in the worst-case scenario, and this is so that if in the unlikely event that one of these unexpected events happen, you’ll know how to deal with it, you won’t be so shocked and will hopefully have some money or people or access to cash or the right people to help you through it. It’s tough to focus on adverse and traumatic events until you have to, however, if you do and you can think about what could or might happen, and what you would do about it, mentally walking it through, it can help you to work out what you might need. What would you need if you were going through an illness, personal tragedy, or a natural disaster? How likely is it in your job or where you live that you could suffer a personal injury? Think about what you would need personally and professionally. What help would you need for yourself and your team family get out of the situation in the best way possible?
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