Congratulations. You are starting out on your career path. The world is your oyster and your future is there for you to design.
You’ve finally got some money in your pocket and are enjoying your new-found independence.
With your whole life ahead of you, planning for the future probably seems unimportant. That’s understandable.
But pause for a moment. Life consists of opportunities that, if taken, can shape our future. This is one of those moments.
Make the right choices now and you will be master or mistress of your own destiny.
It’s been a long journey with much hard work and many sacrifices along the way to reach this point. You’ve paid your dues to earn your current lifestyle and you want to enjoy it. But have you done what is needed to protect it?
Statistics show that people of your age face a disproportionately high chance of being involved in an accident and being unable to work as a result of temporary or permanent disablement.
In the event of such an incident will you:
- Be in a position to cover your medical expenses?
- Be able to continue your car repayments?
- Be in a position to continue to pay off your student loan?
- Be able to live where you currently stay?
- Manage to meet monthly contracts, for example your cellphone contract?
- Be able to maintain your current lifestyle and standard of living?
Some other important facts you need to establish:
- What benefits does your company offer?
- How long will they last?
- Will they completely protect your lifestyle and, if not, what is the shortfall?