15 Components of Your Financial Safety Net

If you want to be financially secure, consider having these items on hand:

1. Insurance (home, life, auto, medical, business, and Executive Risk if necessary)
2. Emergency cash stashed someplace safe
3. A list of account information for all debts and monthly expenses
4. A retirement account (IRA, 401k, 403b, etc)
5. Immediate access to a personal line of credit (bank, friend, credit card, etc)
6. A well-paying job and/or
7. Gainfully self-employed
8. A great tax accountant
9. A great attorney
10. A diversified investment portfolio
11. Checking, savings, and Money Market accounts
12. A plan to review your credit report annually and immediately correct mistakes
13. A Will, Living Will, and Power of Attorney
14. Someone you can trust to take care of your finances for you when you are away from home for long periods of time (of course you will trust but verify)
15. A cross cut shredder