Kate Phelan

It's not a matter of if you have a financial issue, it's kind of a matter of when.

So the sooner that you can say, you know what, sometimes things are going to go wrong.

My car's going to break down.

I'm going to get sick.

The roof is going to collapse.

The dog's going to get sick, right?

60% of Americans right now would be absolutely just taken down by a thousand dollar unexpected expense.

Everything costs a thousand dollars now.

So you have to have a little bit of money set aside

having that emergency fund, it's called an emergency fund for a reason because bad things do happen sometimes.

Don't have it be just truly insult to injury when you can't afford to face those types of things.

From a bigger picture, one of the things that we saw after the fires, regrettably, were a lot of people who were underinsured or maybe misinsured or

or didn't know what their insurance looked like.

So I think it was hopefully a good wake up call for a lot of people to get out the insurance policy, take stock of what do we have?

How do we have it insured?

Are we in a good spot?

if heaven forbid something like that were to happen.

Making those kinds of preparations, like I said, is just going to make it a little bit easier to withstand when something does go wrong.

Thank you.

I think the way that you handled it is sensational because you didn't get into credit card debt in a day.