Charity R. Villa - Life License Advisor

FinanceTalk Q&A

If I am self-employed and I become disabled, what will happen to my business?

Consider what you regularly pay for fixed business expenses, such as lease payments, property rent, utilities, professional fees, and business insurance. These recurring expenses don’t stop just because you aren’t able to work. As the key contributor to the success of your business, you should ensure that your expenses will continue to be covered if you are unable to generate the revenue required to pay them while you are disabled. Business Overhead Expense coverage can help with this.

An old Cherokee chief sat down to teach his grandson about life.

“There’s a fight going on inside me,” he tells the young boy, “a fight between two wolves.”

“One wolf is evil. It’s full of malice, anger, greed, self-pity, and false pride. The other is good. It’s full of peace, love, joy, kindness, and humility.”

“This same fight is going on inside you and everyone else on the face of the earth.”

The grandson was quiet, pondering this revelation momentarily before asking, “Grandfather, which wolf will win?”

The old man smiled and replied, “The one you feed.”

Moral of the story:

Good and evil exist within each of us. It’s our responsibility to own that reality and do whatever we can to nurture the good. If you want to be successful in life, stop feeding your excuses. They will eventually win and forget about your dreams. Instead, provide your mind with positive thoughts and positive actions and you will get positive results.