How to Prepare for Uncertain Times

COVID-19 is causing lots of uncertainty for all of us. We don’t know what’s coming and how things will be different when we wake up the next day - limited movement of people, show cancellations, travel restrictions, reduced working hours, layoffs and economic crisis. In the Philippines, COVID cases already reached 32,295 as of June 24, 2020. Indeed, we are living in a stressful time. That’s why we need to be ready, not only for the present but for the future as well, so we can face disruptions positively. 

As the popular Chinese proverb states, “The best time to plant a tree was 20 years ago. The second best time is now”. This means that if we want to succeed in the future we should do our act now. Filipinos are known to rise above any challenges which make us different and resilient.. We just have to stay focused and not to waste any chance. Here are some of the things that you can do to prepare and future-proof yourself. 

Learn, earn and save - Complacency is your biggest enemy, thus we cannot remain at ease during tough times. You should level up your skills and learn new things in order to be more valuable and versatile. You can always check the web for free online training or videos about starting a business or about any new things you want to learn or venture in. Whether your company is at risk or not, having other streams of income is always an advantage. Make use of this down time to explore and discover the things you are good at and be an expert in more than one skill. 

Spread your business through social media and your network. If you have established good relationships with the people you have known for a while, your new business will bring remarkable success in no time. Remember, people buy from who they know and trust. 

Once you start getting extra income, make sure to save. Whether it's a big or small amount, it doesn’t matter as long as you're consistent and disciplined, that small amount will come in handy one day. Just make sure to manage your finances well. 

Plan, prepare and protect - You may be feeling some added pressure these days, but don’t let the situation discourage you. Instead, let this motivate you to prepare even more knowing that unexpected circumstances like this do happen and being caught unprepared can have a significant impact in your life and your finances. Think about protection especially when you are a breadwinner. You may have saved a decent amount in your bank account, but that wouldn’t suffice your family’s day to day expenses, pay existing debts or even fund your children’s education. So, make sure there’s Plan B. 

Paramount Direct is here to help make ends meet and ensure that your family is taken care of. Our affordable life insurance product called Guaranteed Life Plan, is for ages 40 to 75 years old and has a monthly premium of at least Php151* and provides coverage until your age 100. 

Guaranteed Life Plan covers COVID-19 cases. This product also provides your loved ones with life and accidental death benefits plus an additional terminal illness benefit. Receive a maximum life benefit of up to Php1.5M and accidental death benefit up to Php3M. There are various plans to choose from, specifically designed for your needs. 

It’s never too early or too late to sign-up for life protection. Visit www.paramountdirect.com for more information. 

May this pandemic be a lesson for everyone. Preparedness is key. So, don’t just talk about your plans. Start taking steps and make them happen.