Reported about 9 hours ago
Jill Williams, a private wealth adviser at Ameriprise Financial, shares essential strategies for financial preparedness in the event of unexpected challenges. She emphasizes the importance of knowing your 'burn rate'—the monthly expenses necessary for maintaining your lifestyle—and recommends saving enough to cover 6-12 months of fixed costs. Williams advises individuals to plan for the worst while hoping for the best, highlighting the need for a financial safety net in case of job loss.
Source: YAHOO