PODCAST: Asset Protection 101

The road to financial freedom can be perilous and is certainly paved with many risks. When a risk materializes into an actual loss, the result can be devastating to us and to our finances. In this first of three installments dedicated to Level Two of our powerful “Five Levels of Financial Freedom”, economist Jerry Robinson teaches us how to prepare for potential hazards by adequately protecting our assets.

• Build your moat before you build your castle!
• There are no “do overs” in Level Two: You must get this right
• Your insurance protection is your solid defense
• What exactly is an asset?
• Most people are woefully under-insured
• Auto Insurance: Are you adequately covered?
• Home Insurance: The vital importance of replacement value
• Liability Insurance (an “umbrella” policy) for peace of mind

Jerry closes out today’s show with an intriguing observation from a famous author regarding “luck” vs. planning.