DR Podcast 297: The Blue Binder – How to Create a Financial Binder

Where in the world is Rob?

Though he’s been absent for a short while, Rob is back to tell you about his recent adventures and some exciting news.

In this episode you’ll learn how to create a financial binder and why it’s important. But first, he asks: What would happen if I got hit by a truck?

Thankfully, that did not happen. But, I suppose it could happen to any one of us and if it did, how would our loved ones move forward financially?

In Rob’s case, he has a blue binder. It’s an organized collection of his family finances, accounts, instructions and resources that his wife and children will need to refer to should something happen to him. If you don’t have something similar already, you should start one now and in this episode, you’ll learn more details about what to include and how often you should review and revise it.

Putting this information together in one place is no small task and a reason why you should think about simplifying and consolidating your finances. Rob has learned a few lessons along the way and he’s eager to share them with you. Some may surprise you, for instance, getting rid of his life insurance. Find out why Rob made this decision and if you should also consider it.

Think about all the time and energy you’ve spent building your investments and setting your family up for a secure financial future. Without this binder, it could be easy to miss accounts, mismanage funds and leave your loved ones in turmoil. Instead, allow us to walk you through building your binder and remember to look both ways before crossing the street. Trucks are dangerous. Let’s roll!

Topics: Podcast

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