by Billy Funderburk, CFP®, MBA
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.
Have a Guide or Guide Book – One of the first things to go in a zombie apocalypse is the electricity. As such, you’ll need as many “how to books” as you can get your hands on. In the financial zombie apocalypse (FZA), you need to learn the “rules of the game” or obtain a quality guide (financial advisor) as soon as possible.
Manage Your Risk – Next, you’ll need to be able to defend yourself not just from zombies, but from the frightened people who are running from the zombies. In the FZA, a diversified portfolio will help you to control the risk in your portfolio of investments.
Take Care of the Financial Basics – You are going to need to find a secure supply of food and water as well as shelter in a zombie apocalypse. In the FZA, you need to take care of the financial basics like regular contributions to your investment accounts … and the sooner the better.
Monitor & Maintain Your Financial Health – To avoid Zombies, you’ll need to be able to run long and fast. In the FZA, financial fitness can be obtained by adopting good financial habits like avoiding excessive debt and living within your means.
Don’t Panic – Those who keep their wits have a much better chance of avoiding zombies. Likewise, those who avoid making rash decision in their portfolio during volatile markets will come out better in the FZA.
Have a Reliable Partner – No one survives a zombie apocalypse alone. In the FZA, I suggest you find your life partner, take care of one another & stick together. Nothing derails your financial plans like a divorce but nothing helps you to achieve financial security like two people working towards the same goals.
Have a Plan – All kidding aside, having a plan and sticking to it is the name of the game. A plan will be the guidebook to obtaining effective financial disciple.