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TruNorth Investment News
July 2020 Edition
They say time flies when you are having fun, are we all having fun yet? We are at the midpoint of 2020.
Any time you tune into the news it sounds like the entire world has gone crazy. I don't know anyone who wasn't taken by surprise by all that has happened this year. One way that I am able to reduce the stress from constant bombardment of bad news is planning and preparation.
The New Normal: Catastrophes happen. The prerequisite for a solid future means laying the groundwork today. Time to circle the wagons, catch your breath, regroup and spring into action. Read on for a sensible “to-do list” to complete before the end of 2020.
Prepare—Now is a good time to identify some items that are in your control and take the time to think about them, so you can formulate and implement courses of action.
This year has shown us how vulnerable we all are. So far in 2020 we have experienced:
Catastrophes can threaten members of your family, your home, your community, your property and your business. Natural disasters can cause sudden disruptions in your daily life. In addition, other events such as a pandemic, acts of violence, power outages, cyber-attacks and data breaches, and acts of terrorism can bring unexpected hardship — often with very little warning.
Fortunately, you can prepare ahead of time. A proactive, well thought out plan can help you navigate effectively through a crisis, get access to vital information when you need it, and afterwards help you navigate the tricky next steps so you can begin to repair damage more rapidly.
Creating contingencies to facilitate communication, compiling important information in a safe and accessible place, managing risk, and gathering necessary supplies can all help mitigate damage from an unexpected event. With these preparations made, you can focus on taking action immediately before, during and after a disaster occurs.
Over the next month we will be sending out tips and ideas to help you create your preparedness plans. Here is our Financial Preparedness To-Dos for today:
Some topics we will be expanding on are making a plan, gathering supplies, preparing your home or business, and recovering your losses.