If you’re into mountain biking, you know that before you even think about hitting the trail, there’s a routine: check your tyres, tighten your brakes, maybe give that chain some love. You wouldn’t dream of taking on a big climb or a rocky downhill without a solid prep session. And yet, when it comes to our finances, we often just… jump on, hang on and hope for the best.
Getting your finances trail-ready isn’t so different. With just a little planning and perhaps some help from a pro, giving your approach a regular bike check allows you to keep climbing towards your goals, no matter what life puts in your path.
Start with a solid once-over
Before a big race, cyclists do a full inspection, looking for worn parts or small cracks that could become big problems later. In the same way, a financial “once-over” means checking your budget, assessing your debt, and making sure your emergency fund is healthy. These basics are like your bike’s frame: they hold everything together and give you a stable ride.
Strap on your protective gear
Helmets or gloves… you might not plan to fall, but you’re ready just in case. In the financial world, that protection comes in the form of risk cover, like life and disability insurance. Think about it: your ability to earn an income is what keeps your entire life moving forward. An unexpected illness or accident could throw you off course fast. That’s why including risk cover in your plan isn’t about expecting the worst, but about making sure you and your loved ones can stay upright, even if you hit a bump.
Old Mutual’s range of risk solutions can be tailored to your unique journey. Whether you need a lump sum payout to cover big expenses or a monthly income to keep daily life on track, having the right protection means you can focus on enjoying the ride instead of worrying about what could go wrong.
Plan your route with a pro
A smart cyclist doesn’t just point their wheels toward the horizon and hope for the best. They study the route, know where the tough climbs are, and understand where they need to prepare for hazards. A financial adviser does exactly that when it comes to protecting your income and your future. They help you identify the risks that could derail your progress, like illness, injury, or loss of income, and help ensure that you’ve got the right financial safety nets in place.
With an expert by your side, you can adjust your plan as life changes – whether that’s taking on more responsibilities, dealing with setbacks, or getting back on track after a fall. Just like stopping at a water point during a race, regular check-ins help you reset, refuel, and keep your momentum, giving you the peace of mind that you’re protected, no matter what’s ahead.
Ready to enjoy the ride?
With a well-prepped financial plan, the right protection, and a clear roadmap to get where you want to go, you’ll have the confidence to tackle whatever terrain comes your way. Find and speak with one of our licensed financial advisers to get started.
While you’re online, don’t forget to read more about this year’s Old Mutual go2berg race.
____________________________________
Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and Life Insurer.
