In this final episode of my mini-series with financial advisor Jess Brady, we dive into the crucial but often overlooked topic of risk management and insurance. Jess shares her personal experience of becoming uninsurable and making insurance claims, highlighting why timing matters when it comes to protecting your financial future. We explore the different types of insurance available and how to balance protection with affordability.
Highlights:
- Why protecting your wealth is just as important as growing it
- The three key risk categories: income, assets, and expenses
- Jess's personal story of becoming uninsurable and claiming on income protection
- The reality of insurance claims processes and what insurers actually do
- A shocking private health insurance story that cost over $7,000 out of pocket
You will learn:
- How to objectively assess the financial risks you face in life
- The different types of insurance available and when you might need them
- Why getting insurance while young and healthy is crucial for your financial future
- How to find and work with insurance specialists rather than going it alone
- The importance of understanding what you're NOT covered for in any insurance policy
Join the September cohort of The Greenhouse here: https://courses.jessicabrady.com.au/TheGreenhouseMoneyGrowingProgramxTBG
Where to find me:
Website: https://thebrokegeneration.com/?v=518f4a738816
Instagram: https://instagram.com/the.brokegeneration
TikTok: @the.brokegeneration
Order my book, Good with Money!
https://amzn.to/4jnBupb
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