7 Steps to Create More Financial Success in Life- Day 2

2. Make sure you have a strong financial foundation Why is it so
important to have the right protection plan? The mistake that I
have seen many people make is that they are so focused on making
money but forget about their foundation. In the previous step, I
talked about how building wealth is like building a house - you
have to start by having a blueprint. When you finally have a
blueprint, the next step you will take is to build a foundation.
Why do you need a foundation? Without a strong foundation, anything
you will build will eventually collapse easily. Texas recently had
a storm and a lot of people lost their homes, power, and water.
Nobody expected that we would lose power, but luckily, my
father-in-law had a generator. We were able to use it to have power
in our home. Similar to protection plans, many people would
normally think it is a ridiculous expense and they wouldn't really
need it. At the moment, you may not need it, but when you do it is
very important to have one. It is always better to be prepared and
have insurance and protection and not need it, instead of needing
it and not having it. This is the 2nd step out of 7 to create more
financial success in life. First, have a blueprint, then a strong
financial foundation. If you want to learn more about the 7 steps
to create more financial success in life, stay tuned and I will see
you tomorrow!