A Lesson in Preparedness

Written By Jason Williams

Updated January 10, 2024

Dear Reader,

As always, I hope this email finds you well. I’ve just got a short message for you today. But trust me when I say what it lacks in length it makes up for in poignance.

That’s because today, I’m reaching out not just as your financial adviser but as someone who recently received a stark reminder of why we tirelessly plan for the unexpected…

A Good Run of Bad Luck

Last week, while on a business trip, an unexpected call from my mechanic brought some unsettling news.

You see, my Jeep Wrangler, a vehicle I believed to be in prime condition until last week, needs extensive repairs…

We’re talking about a new engine, new rear axle, and new steering linkage here, not just a brake job.

The cost is literally almost equal to the Jeep’s value post-repair.

So, as I’m sure you can imagine, this news hit me unexpectedly, like a ton of bricks, triggering a whirlwind of emotions.

Initially, there was disbelief. How could a vehicle I had meticulously cared for demand such extensive repairs?

And how could a vehicle that costs as much as a luxury car last for less than 100,000 miles?

Then came the frustration and, if I’m being completely honest, a touch of irony…

Here I was, a financial planner, faced with the kind of unforeseen financial hurdle I often warn my clients about and implore them on a daily basis to prepare for.

But most importantly, there was a profound sense of gratitude. Gratitude for having had the foresight to prepare for such scenarios.

Do as I Say AND as I Do

Had I not been someone who practices what he preaches about expecting the unexpected, this situation would have been devastating.

Without an emergency fund, the cost of repairs would have meant dipping into savings meant for other goals, or worse, accruing debt.

And let’s be honest again, that kind of scenario is not far-fetched; it’s a sad reality for many…

In fact, a recent survey indicated that a significant portion of Americans would struggle to cover an unexpected $1,000 expense, let alone the tens of thousands it’ll cost to get that Jeep back on the road.

This lack of preparedness is alarming but, unfortunately, not surprising.

My situation is a textbook example of life’s unpredictability…

Despite taking exceptional care of my Jeep, adhering to every maintenance guideline, driving it gently and never taking it into extreme situations, it still requires costly repairs.

And this parallels our financial lives, too…

No matter how meticulously we plan, unexpected expenses can, do, and will most certainly arise.

This is where the importance of planning and an emergency fund comes into stark relief.

It’s not just to create a financial buffer; it’s to give you peace of mind, knowing all that planning will save your bacon one day when you least expect it.

A New Truck for Christmas

Thankfully, my years of disciplined saving and prudent financial planning allowed me to navigate this unforeseen expense without it derailing my financial goals.

Not only have I spent the years building a solid retirement account to rely on in my later years, but I’ve also contributed steadily to an emergency fund.

And thanks to that emergency fund and those steady savings, I’m going to be able to pay for those repairs so I can trade my Jeep in for something a little more reliable, maybe a Toyota Tacoma.

I’m also going to be able to cover the difference between that Tacoma and the value of the post-repair Wrangler without taking out a loan at today’s high interest rates.

So it also shouldn’t be a surprise to you that this experience has reinforced my commitment to financial preparedness and the importance of an emergency fund, a cornerstone of any solid financial plan.

And that brings me to an urgent call to action…

I implore you to take a moment to assess your financial preparedness like I was just forced to do.

Are you equipped to handle a sudden financial burden like the one that just hit me out of left field?

If the answer is no, it’s time to start preparing by joining our investment community, where I share practical advice and strategies that have helped me and countless others build a financial safety net.

Together, we’ll work toward not only growing your wealth, but also fortifying your financial resilience against life’s unpredictable twists.

Your financial security is too important to leave to chance.

Let’s embark on this journey of preparedness together and ensure you’re ready for whatever surprises life may have in store.

To your wealth,

jason-williams-signature-transparent

Jason Williams

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After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter; the founder of Future Giants, a nano cap investing service; and authors The Wealth Advisory income stock newsletter. He is also the managing editor of Wealth Daily. To learn more about Jason, click here.

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P.S. Remember, it’s not just about preparing for retirement, but also about being equipped for any financial hurdle along the way. Join us, and let’s build a secure financial future together through regular saving, smart investing, and steady income streams like this one that’s already paying out over $300 million a year to investors just like you.

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