How to Financially Survive A Catastrophe | Rise Up!

Jan 30, 2025

Terri Kallsen, a certified financial planner and chair elect for the CFP board, teams up with Joe Duran, former partner at Goldman Sachs and chief investment officer at Rise Growth Partners. They discuss the A-List framework for financial preparedness, emphasizing the importance of accountability and liquidity. Learn how to avoid crippling debt traps and the perils of overcomplication in finances. From practical tips on securing assets to the necessity of simplification, they provide crucial insights for preparing for any catastrophe.

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ANECDOTE

Client's Insurance Success Story

A client’s home was completely burned in the Palisades but good insurance coverage helped him relocate smoothly.
Proper planning and insurance can greatly ease the aftermath of disasters.

ADVICE

Assign Clear Financial Accountability

Assign clear accountability for financial and emergency decisions before a crisis hits.
Ensure everyone knows who has the authority to act and that legal documents reflect this.

ADVICE

Prioritize Liquidity Reserves

Maintain 6-12 months of liquid cash reserves for emergencies.
Liquidity allows you to cover expenses even if insurance payouts are delayed.

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🚨 Are you financially prepared for a catastrophe? Most people aren’t. Whether it’s a wildfire, flood, personal crisis, or economic downturn, an unexpected event can wipe out your savings, take away your physical possessions, or even leave you bankrupt.

In this episode, Rise Growth Partners’ Terri Kallsen, Joe Duran, and Bleakly Financial’s Scott Schwartz break down the step-by-step financial survival plan you need to protect your wealth, secure your future, and avoid financial ruin.

💡 What You’ll Learn:

✅ The A-List framework for financial preparedness

✅ How to protect your assets from unexpected disasters

✅ The #1 mistake that leaves people broke after a crisis

✅ Liquidity, insurance, and debt strategies you need to know

📌 THE A-LIST FRAMEWORK FOR FINANCIAL PREPAREDNESS:

✔️ A - Accountability: Who makes financial & emergency decisions in a crisis?

✔️ L - Liquidity: Why having 6-12 months of cash reserves is critical.

✔️ I - Indebtedness: How to avoid crippling debt traps before it’s too late.

✔️ S - Simplicity: Why overcomplicated finances make disaster recovery harder.

✔️ T - Transparency: The importance of clear financial records & emergency contacts.

💰 Most people fail to plan. This video gives you the tools to make sure you don’t.

📌 Watch now and bulletproof your finances before it’s too late!

Investment Concerns? Get a free portfolio review with Wealthion’s endorsed financial advisors at https://bit.ly/3CxR2X8

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