{"id":473,"date":"2023-08-14T13:34:51","date_gmt":"2023-08-14T13:34:51","guid":{"rendered":"http:\/\/www.rikardneal.com\/blog\/?p=473"},"modified":"2023-06-23T14:05:06","modified_gmt":"2023-06-23T14:05:06","slug":"what-is-your-most-valuable-asset","status":"publish","type":"post","link":"https:\/\/www.rikardneal.com\/blog\/index.php\/2023\/08\/14\/what-is-your-most-valuable-asset\/","title":{"rendered":"What Is Your Most Valuable Asset?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-475\" src=\"http:\/\/www.rikardneal.com\/blog\/wp-content\/uploads\/2023\/06\/gettyimages-1444934349-612x612-300x200.jpg\" alt=\"Busy elegant bearded adult company director, checking the company finances, at the office.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.rikardneal.com\/blog\/wp-content\/uploads\/2023\/06\/gettyimages-1444934349-612x612-300x200.jpg 300w, https:\/\/www.rikardneal.com\/blog\/wp-content\/uploads\/2023\/06\/gettyimages-1444934349-612x612.jpg 612w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Your most valuable asset isn&#8217;t your real estate or the tech stocks you bought in the 90s that have done well. It isn&#8217;t even your business per se. Your most valuable asset is you &#8212; specifically your ability to run a profitable company and make money.<\/p>\n<p>Are you protecting that asset from the risk that a disabling illness or accident might prevent you from working? If you don&#8217;t have disability income insurance, you&#8217;re not protected.<\/p>\n<p><strong>What Are the Odds?<\/strong><\/p>\n<p>People generally think the odds of becoming disabled are low. But the numbers say otherwise: More than one in four 20-year-old workers become disabled before reaching retirement age. Here&#8217;s another reality check: Serious accidents are not the leading cause of long-term disability; chronic conditions are. Muscle and bone disorders (such as a back disorder or joint or muscle pain) are responsible for more than one in four disabilities.<\/p>\n<p><strong>How Long Could You Go Without an Income?<\/strong><\/p>\n<p>Even a short period of disability could be devastating. The average group long-term disability claim lasts 2.6 years. Even if you have reserves you 3 could tap, your personal finances would take a hit. If and when you were able to start earning an income again, you might have to start all over.<\/p>\n<p><strong>What Would Happen to Your Business?<\/strong><\/p>\n<p>Your involvement is vital to your company&#8217;s financial success. If you&#8217;re unable to work, you might have to hire someone to take your place and borrow money to pay the bills until you&#8217;re back on the job. Bottom line? If you&#8217;re sidelined by a long disability, it could jeopardize the success or even the survival of your business.<\/p>\n<p><strong>What Can You Do?<\/strong><\/p>\n<p>Call your financial professional to review and discuss this important issue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your most valuable asset isn&#8217;t your real estate or the tech stocks you bought in the 90s that have done well. It isn&#8217;t even your business per se. Your most valuable asset is you &#8212; specifically your ability to run a profitable company and make money. Are you protecting that asset from the risk that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-473","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business-best-practices","7":"entry"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=473"}],"version-history":[{"count":1,"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/473\/revisions"}],"predecessor-version":[{"id":476,"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/473\/revisions\/476"}],"wp:attachment":[{"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rikardneal.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}