Let me ask you…
What would happen if you couldn’t work anymore?
Would your family and those you care about be okay financially?
And, on top of dealing with the tragic circumstances, would they also be dealing with financial pressure?
Building wealth is not just about building it, it’s also making sure that you keep it.
Sadly MOST business owners prefer to live in denial when it comes to insurance and risk mitigation.
They live with the attitude that they are bulletproof and…
“It won’t happen to me.”
A mentor of mine used to say;
“Championship teams have a strong defence.”
This is a piece of advice that has served me very well in life.
As many of you know, this topic is close to my heart as my father (a fellow business owner) had a workplace accident.
He was not properly insured and lost everything.
It was devastating for him and horrible for our family to go through.
Part of the reason I am so driven with finances is to make sure what happened to my father does not happen to me.
And hopefully, I can help many of you avoid that pain.
To help with this topic, I have brought Ray Regmi on the podcast to talk about personal insurance.
I know a part of you won’t want to listen to this episode.
As insurance is boring AF.
But, it could be the very thing that helps you the most.
Please make sure you connect with a qualified EXPERT on insurance and get the coverage.
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.
00:00 Welcome to Business & Investing
01:25 Why getting an insurance policy is essential
02:57 Common mistakes people make about
07:46 Who to look for when getting a personal insurance
09:34 Variables to consider before getting an insurance policy
14:57 Evaluating personal and financial situations
19:04 Does the super rich need personal insurance?
20:06 Reviewing your personal insurance
23:34 Getting insurance: the earlier, the better
24:22 Types of personal insurance
28:48 Receiving claims
34:33 Get in touch with financial adviser Ray Regmi
If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!
- Business & Investing website: https://businessandinvesting.com/
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ABOUT THE GUEST:
Ray Regmi is the Senior Financial Adviser and Principle of Ryker Capital.
Ryker Capital (AFSL: 243313) offers services to Australian business owners who are looking to reach financial independence and create true wealth.
With a team of degree-qualified professionals who have a collective of decades of experience, they can provide you with expertise in wealth creation, self-managed super funds, risk insurance, retirement planning and more.
To connect with Ray and the Ryker Capital team, head over to: https://businessandinvesting.com/partners/ryker-capital/
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