So Guys, How is Your Spare Tire?
No, I’m not talking about the one you start seeing as you approach your mid-thirties; I’m talking about the one in your car. I know this is a money blog, but allow me to explain.
I had the privilege of experiencing a flat tire at midnight on a dark, muddy country road, only to learn my spare tire was flat. The spare tire was placed in that vehicle when it was new and had never been used. The assumption was that it would do the job when needed. But what changed? Time.
Time went by and the spare slowly lost its air. What “spares” do you currently have that are no longer doing the job? Below are a few things I suggest you look at this week:
- Is your life insurance still adequate? Life brings changes, we add mortgages, we have children, etc. Also, are the named beneficiaries still accurate?
- How about your auto and homeowner insurance? Are you adequately insured?
- What about your will? Is it updated? Who will care for your kids should something happen to you?
- Do you have an emergency fund? Or are you going to pull out the credit card and go deeper in debt if you have an emergency?
I recommend that you do one more thing- check your spare tire to make sure you are prepared should you have a flat. Don’t procrastinate!!
You never know when you might end up with a flat tire at midnight on a dark, muddy country road.
Until next time . . .
My Financial Life Coach LLC
Financial Life Coach
Dave Ramsey Certified
“Helping You Get Your Financial House In Order”
Delaware, OH 43015
Visit us at http://www.MyFinancialLifeCoach.net