Performing a Fire Drill on Your FinancesJanuary 14, 2016
If you’ve been working on your financial life lately, you’ve probably made progress on building a healthy emergency fund. While emergency funds are crucial in any financial plan, the problem is that we rarely create a disaster recovery plan for the event of a job loss or other event that requires us to tap into our emergency fund.
In this episode, we share a process for stress testing your financial life and developing a disaster recovery process. Think of it like a fire drill for your finances.