For whatever reason, this past spring (& now summer) was full of clients reaching out because of unexpected needs for cash (medical, helping a family friend, new vehicle, home expenses, etc…).
With that I figured I’d share a few things going on in the Nielsen household over the past month.
- My wife’s car has a pretty significant rock chip in the hood that needs repainting: $600
- The torque spring broken on our garage door: $551
- Our beloved Pomeranian puppy, Princess Vivie, jumped off the back of our couch and broke two bones in her front arm requiring surgery: $6,000+
Our situation’s not unique – we’ve all been there, and I get that these are first world ‘problems’ to navigate.
However, it serves as a great reminder that we (even us financial planners) don’t get a free pass from needing a financial plan to keep us on track.
I’ll say this, on behalf of my family and all the families that we’ve helped over the years, it sure is nice to have a plan in place for when these situations arise—compounding stress (financial) on-top of already stressful moments is not ideal.
Here’s the thing we should all remember, it’s not a matter of if we’ll need to use our emergency funds, but when.
These are the exact reasons we’ve have built the account.
And for those concerned about Princess Vivie, she’s on the mend and healing well. Had to learn the expensive way that she can’t fly!
If you or someone you’re close to is a high-achieving professional that could use help aligning their finances and establishing a financial plan, please reach out to us, we’re accepting new clients and eager to help.
–Nic
