How Much Do I Love Thee?

Let me count the ways:

1. Written Cash Flow Plan
2. Will and/or Estate Plan
3. Debt Reduction Plan
4. Tax Reduction Plan
5. Emergency Funding
6. Retirement Funding
7. College Funding
8. Charitable Giving
9. Teach My Children
10. Life Insurance
11. Health Insurance
12. Disability Insurance
13. Auto Insurance
14. Homeowner’s Insurance

And you can top it all off with the following pledge:

I (We) ____________________________, (a) responsible adult(s), do hereby promise to take the above stated actions to financially secure the well-being of my (our) family and myself (ourselves).

(The above was adapted from Dave Ramsey’s Major Components of a Healthy Financial Plan)

OK, so maybe when you think of love, the above items are nowhere near the top of your list. But these are the things that need to be in place in order to love someone “financially.”

Think about it. Wouldn’t you feel loved if your family was able to live on a written cash flow plan, which then enabled you to save money in your emergency fund, which would then give you a sense of financial security? How about the peace of mind that you get knowing that your family has adequate insurance coverage? Or being able to send your children to college without them having to incur debt in order to receive that education?

You can love your loved ones well by having your financial house in order.

So how many of the above components of a healthy financial plan do you currently have in place? How many are you willing to add to your financial plan? They are all much-needed pieces to a financial puzzle that can only be complete once all of the pieces are in place.

I took the liberty of looking up the word love. And definition number 18 states that it means “to need or require; benefit greatly from.” The above list definitely includes the things that we need and can also benefit greatly from.

So I urge you all to love today; love in a way that you never imagined; LOVE FINANCIALLY!


Peace & Blessings
Sharon


Please join me on Monday, February 22nd, for my next blog.


Tuesday's Blog: Rise'....more on "The Wampler Zoo" Mother of 11 adopted children