Since there is a death poll going on I guess this is OK

Even when I was at my lowest and poorest I still had a cheap basic life insurance policy since I was married.

It's also a good idea for EVERY business owner to have a secondary investment vehicle, at least. As you grow your business and accumulate more wealth, you should create more vehicles, but there is one very simple vehicle that is very easy to get into and everyone should be taking advantage of: Roth/SEP IRAs (in the states, every country has something similar.)

Some entrepreneurs will say "how much do you believe in your business if you are investing in something else?" That's horse shit and the last 24 months are a good example as to why that's horse shit. We only have "so much control" over what we can and cannot do. Sometimes things just tank at no fault of your own. Protect yourself.

Stick away $100 a week to max out the possibilities and consider it your "holy shit I don't know what to do" money. Yes, you will get penalized for taking it out early but getting penalized is a lot better than having nothing at all.

If you argue that you don't have the $100 a week to set aside for your future protection, I have to argue that the risk needed to be a successful entrepreneur might not be right for you and a decent job will probably be a better route. And there's absolutely nothing wrong with that.

Jeff, I think you meant "Fuck, people, get your house in order".

I guess you also could have meant the original "Fuck people, get your house in order"

LOL

#

Yes. I agree Jeff. But not everyone is able to. Not everyone has the forethought.

A GFM is a good way to help. I'm glad it's there.

But everyone has the ability to improve. So lets learn from these unfortunate situations, reminder to ourselves we can make better choices today, to help our tomorrows.

Agreed

I can't agree more J.

You're not Old in vain, Jeff . . .

My wife has my seed phrases. She and my kids will be just fine, on those alone.

Diversify.
Save.
Insurance.
If anyone ever starts a GoFundMe when I croak, it's a scam. And don't be sad for me either. I've lived 11 lifetimes of life and crushed it at fun and doing what I want. I'll die happy. Have a party. Do some shots. I'm off to the next level when it happens.

My only question is, is your son YoungJeff or OldJeff Jr. ?