CNBC’s senior private finance correspondent Sharon Epperson spoke to lecturers just lately about how preparation and resilience can help within the restoration of your monetary well being when confronted with sudden, surprising challenges.
On the Council for Financial Schooling’s annual Monetary Literacy and Financial Schooling Convention on Sept. 30, Epperson shared her private story of resilience after struggling a stroke attributable to a ruptured mind aneurysm 4 years in the past.
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She outlined methods she used to handle and defend her household’s funds throughout an surprising disaster, reminiscent of automating invoice funds and counting on people named in her estate-planning paperwork to assist make health-care and monetary selections when she was unable to take action. Epperson additionally pressured the significance of getting incapacity insurance coverage in place earlier than tragedy strikes.
In the course of the Covid-19 pandemic, Epperson mentioned, monetary schooling lecturers ought to talk how necessary it’s to plan forward for tough occasions to their college students with classes on saving, investing and defending your cash.
Disclosure: NBCUniversal and Comcast Ventures are buyers in Acorns.