Accidents will happen in life so captain your ship or at least hire one!

• "Yes", he replied, "the boat went past me first on its way towards you." "You were lucky it missed you. I wasn't so lucky." "Well," said the newcomer, "I saw that it might hit me so I moved out of the way." (01:51)
• Empty boats in the way of a job loss to a car accident to a house fire to a fall down the stairs, it can all hit us when we're unaware. (02:28)
• By planning for these occurrences though ahead of time, we can avoid our boat being wrecked, even if we can't always avoid it being hit. (02:38)

Quote for the episode: "And in all of it by having a plan we're picking up our heads and we're looking upstream and we're ready with an oar in our hand to try to get out of the way." (03:07)

Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Welcome to the Enjoy More 30s Family Finance

podcast. The only podcast dedicated to making life more

enjoyable for young families by hitting on the financial topics

that tend to weigh on us, stress us out, and distract our focus

from simply enjoying life.

Hello again, we are here on the Enjoy More 30s

Family Finance podcast talking to you about The Financial

Parables of Your Life. We're talking about stories that

you've heard before, but just an altered version of them with a

financial twist. Because you know, stories are easier to

remember so that way these things have a better chance of

sticking with you in your day to day life. As always, before I

begin, please share please like please leave reviews. I'd love

to reach and help as many young families out there that are just

like you.

So today please join me for our story, The Empty Boat. A man is

enjoying himself on a river at dusk. He sees another boat

coming down the river toward him. At first it seems so nice

to him that another boat is enjoying the river on a nice

summer evening. Then he realizes the boat is coming right towards

him. Faster and faster. He begins to yell "Hey, hey, watch

out for Pete's sake turn aside!", but the boat just comes

right at him faster and faster. By this time he is standing up

in his boat, screaming and shaking his fists. And then the

boat smashes right into him. As he recovers from the shock, he

stands up full of fury, only to look inside where he sees that

it's an empty boat. As he stood in disbelief, another boat also

from down the river came alongside him. "Did you see

that?" the furious man asked to the newcomer. "Yes", he replied,

"the boat went past me first on its way towards you." "You were

lucky it missed you. I wasn't so lucky." "Well," said the

newcomer, "I saw that it might hit me so I moved out of the

way."

In life, there are lots and lots of empty boats on our river. We

would like to think that everything is as it should be,

that all boats have responsible captains, that everything is in

control, but life if we are being honest with ourselves, we

know it doesn't work that way. Empty boats in the way of a job

loss to a car accident to a house fire to a fall down the

stairs, it can all hit us when we're unaware. By planning for

these occurrences though ahead of time, we can avoid our boat

being wrecked, even if we can't always avoid it being hit.

Proper life insurance, for example will allow your family

to carry on financially if you're not here. Proper

disability insurance will allow you to not become a burden on

those you care about most. Proper liability coverage like

through an umbrella policy won't let maybe an honest mistake turn

into financial ruin. And in all of it by having a plan we're

picking up our heads and we're looking upstream and we're ready

with an oar in our hand to try to get out of the way. Or at the

very least we're hiring maybe a captain to look upstream on our

behalf.

Thanks for tuning in today and join us for next week's story

The Master Heron. A heron is an Ygritte stork like kind of a

bird if you're wondering, I was a little bit there. So anyway, I

hope you enjoyed today's story. Please remember to review and

share for others. And if you need any help, don't hesitate in

reaching out. I probably have helped someone just like you.

Until next week. Thanks for joining me today and I look

forward to connecting with you again soon.

The conversations on this show are

Joe's opinions and provided for general information purposes

only. They do not constitute accounting, legal, tax, or other

professional advice for your specific situation. You should

always seek appropriate advice from a financial advisor,

accountant, lawyer, or other professional before acting upon

any content or information found here first. Joe is affiliated

with New Horizons Wealth Management LLC, a branch office

of TFS Securities Inc., and TFS Advisory Services an SEC

Registered Investment Advisor, Member FINRA/SIPC.