Your financial emergency kit: Tips & Advice from Barb Amsden

What should be in your financial emergency kit?
Let's think about what to do when things can go bad, but while things are good. Prepare now before the storm. It’s like the emergency kit that you have at home or car. The problem is that we increasingly live in a transactional world, with a short-term level of care, so you need to be prepared.

Joining host Elizabeth, studio guest Consultant Barb Amsden, has spent the past 25 years working to improve the operational & service delivery, in the banking & investment parts of the financial industry, to try to make things just a little bit easier for savers and investors.

Some of the key things Barb and I discuss on the show are: Don’t invest in something that you don’t understand. If it is too complex, there is a reason why. It is inevitable that you or someone you know will become ill, make sure that you have set up a trusted contact person so that they can help you when you are at your worst. Understand the role of the trusted contact person & your Advisor and that they are working together in your best interest.

Barb recomends ProsperCanada.org as a good resource for helping you plan your financial emergency kit.

Make sure that you balance your financial stability with your day to day life. Debt induces too much stress, especially when you are ill & are not working.

If you missed the last episode, watch it here:
https://www.youtube.com/watch?v=2oo7pG2mwng

Where to find all Finance Is Personal episodes:
https://youtube.com/financeispersonal

Where to find Elizabeth:
Twitter: https://twitter.com/enaumovski

Website: https://financeispersonal.ca/

Where to find Barb:
LinkedIn: https://www.linkedin.com/in/barbamsdenpeoplepolicyprogress/
Prosper Canada: https://www.prospercanada.org
Our Disclaimer:
All episodes of Finance is Personal are recorded in the Toronto and surrounding area, Ontario Canada. Comments expressed in each episode are those of the guest speakers and are not to be considered as specific advice tailored to the circumstances or a specific individual. Comments are intended to be general and for informational purposed only, based on information and conditions prevalent at the time of the recording. Viewers should not consider or place specific reliance on content presented as comprehensive advice, nor as an offer or solicitation to buy and/or sell securities. Individuals are strongly encouraged to seek professional advice specific to their circumstances. Market, economic, regulatory and political conditions and obligations change. Finance is Personal accepts no responsibility for individual decisions made based on reliance on the information presented in each episode.

Видео Your financial emergency kit: Tips & Advice from Barb Amsden канала EMPOWERED with Elizabeth Naumovski