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Phase 3: Risk Management

sologuard

  • Step 5 Insurance

    You may not want to think about it but what if the unthinkable occurred, such as the passing of yourself or your spouse, or a disability resulting in unemployment?

    Could you or your family handle such a financial hit? Would your loved ones be able to cover the mortgage? Would your children still be able to pursue higher education? Such a calamity could even result in the loss of your home. Are you and your family protected with the appropriate insurance coverage? 

    You should consider at least 2 types of Financial Protection as part of your financial plan:

    1. Life Insurance - coverage as a lump-sum of funds to your beneficiary in case of your passing.

    2. Disability Insurance - coverage to replace a portion of your income if you're unable to work due to an injury or illness.

     

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    Policygenius makes it easy to compare personalized quotes and policies from top-rated insurers, along with a team of licensed experts available to answer questions, handle paperwork, and help you make decisions when you need them.

     

    GO TO POLICYGenius.com

     

     

    *For Health Insurance Plans & Pricing, visit: HealthCare.gov

    **Disclaimer : solowealth has NO affiliation or financial relationship with Policygenius. The solowealth financial plan is designed to provide you with a practical solution for each step of your financial plan, with a commitment to place your best interests as priority.

     

  • Step 6 Credit Monitoring & Identity Theft Protection

    Your personal information is susceptible to exposure and may leave you vulnerable to identity thieves. Victims of identity theft can spend years and thousands of dollars clearing their name while dealing with the chaos it can bring to their personal lives. A simple solution to this serious problem is to obtain an optimal identity theft protection plan with uncompromising quality, service and affordability. IDShield offered through LegalShield is a prime example of one such solution.

     

    I need to protect my credit

     

     

  • Step 7 Debt Management

    You can't achieve solowealth if you have mounting debt. It will never happen! The amount of money wasted on interest alone can have a "treadmill effect"- sweating it out but going nowhere! Perhaps you're in financial distress or being harassed by collection agencies; or you're having difficulty making your bill payments and are overextended or delinquent, absorbing late fees, penalties, interest and over the limit fees.

    The goal of solowealth is to help you avoid and stay clear of this trap in the first place. But in case you're already drowning in debt, then it may be time to reach out for a 'lifejacket.'

     

    CuraDebt

     

    CuraDebt has been helping individuals and small businesses for over 21 years nationwide, making them one of the most experienced debt relief organizations. They are consistently ranked high in Top Consumer Reviews and remain in good standing as members of the American Fair Credit Council - AFCC. One feature that makes them stand out among other debt relief providers is they can help with TAX DEBT as well. Debt relief services include:

    go to CUradebt

     

     

     

    The Solowealth Build/Repair Credit Strategy 

     

     

    Whether you like it or not, your credit score is an integral part of your financial status. Your credit score is like the Sun in your financial universe and your mortgage, business loans, personal loans, credit cards and credit lines revolve around it. Anytime you need financing or borrow money, your credit history is at the forefront of the approval process. Benefits of having a good credit score include:

    1. Lower interest rates and better terms on credit cards and loans
    2. Higher approval rate for loans
    3. More negotiating power
    4. Easier approval for a home or auto loan
    5. Avoid security deposits for essential services
    6. Land your dream job in case of credit checks for employment
    7. All in all, to live comfortably

    Although there are plenty of credit repair agencies available to help you repair your credit score, it is possible to easily repair your credit yourself with solowealth DIY Credit Repair. Get started today!

     

    Go to DIY Credit repair