ME AND MY MONEY
You Must Prepare for the Worst Outcomes in Your Investments
We all fail many times with some of our decisions. No human being is perfect. However, wealth builders must regularly augment their investment failures with sacrifices or cut in their expenditures.
Investment failures should normally be expected to occur, but wealth builders must adjust regularly to augment such accrued losses by looking out for areas to reduce spending for augmenting such losses, whenever they occur and use such reductions to cover for such losses in investments.
It is also important for wealth builders to always prepare for the worst in their investments.
Wealth builders must identify possible problems/failures that may arise and plan ahead against such failures. In doing this, wealth builders must take up insurance policies to cover such possible losses/failures. This is very vital.
They must anticipate the worst at all times when building wealth. Specifically, wealth builders must obtain insurance covers for their health, assets, accidents and fire, among others. Appropriate insurance covers must be taken and serviced regularly to protect wealth builders against the worst things that could possibly happen and which usually happen.
They must organise their finances regularly to provide insurance covers to protect them against usually foreseeable failures. All possible mishaps must be identified and anticipated, with preparations made against them, by taking up insurance policies, providing required protection of their assets and making necessary decisions to protect their accumulating and built-up wealth.
While in paid employment, I started with fire insurance, motor vehicle and health covers, even when I lived in rented and companyprovided accommodations. However, I have since graduated, and my insurance covers many other necessary areas.