The Christchurch earthquake is a forceful reminder that our lives can be turned upside down in an instant and without warning. Being well prepared for disaster greatly increases your chance of survival on all levels; physical, emotional and financial.
Those of us lucky enough to be observers of the Christchurch earthquake rather than its victims have a great opportunity to learn valuable lessons about what should be done to prepare. Stories abound of people queuing up for hours to get a bucketful of water, scrambling amongst wreckage to retrieve important documents and irreplaceable personal items and dealing with loss of income through death, injury and the destruction of businesses and jobs.
Being financially prepared before a disaster is just as important as preparing your survival kit. The most important things to consider are:
Liz Koh is an Authorised Financial Adviser. The advice given here is general and does not constitute specific advice to any person. A disclosure statement can be obtained free of charge by calling 0800 273 847. For free eBooks, go to www.moneymax.co.nz and www.moneymaxcoach.comno