The Rock Financial Life University of the Rock Church will hold a financial webinar on Jan. 5, 2023, via Zoom from 6:30 p.m. to 7:30 p.m.
The church’s website announced that the webinar would help members have the “Best Year Ever” in 2023.
About Financial Webinar
They explained that they would have the opportunity to share how becoming a faithful steward relates to the primary aspect of life.
The areas of life include spiritual, financial, personal, relational, professional, and physical, as further mentioned on the website. The church added that participants would learn a framework for setting achievable goals in each aspect.
In addition, after attending the webinar, participants would be able to know their top priorities in 2023. They said they could trach their plan to attain their targets through faith as their guide.
Rock Church encouraged its members to attend the motivational program and start their New Year with a purpose.
Preparation for New Year
According to the Wise Advisor website, it is essential to spend time and prepare for the next year despite the festivities at the end of the year. They emphasized that the new year is an excellent opportunity to plan liabilities and find ways to lessen them.
In addition, some people may need to check their retirement contributions and make changes. They said that 2023 could be challenging because of the economic situation leading to the recession.
Besides, they emphasized that the global economy has been unpredictable since the war between Ukraine and Russia. The website stressed that people should focus on preparing financially for a recession.
Moreover, the website stated that inflation had affected the world, indicating a tremendous obstacle for most income groups. They added that people should assure to be financially prepared amidst all challenges.
More importantly, the Wise Advisor website stated that if people need guidance on preparing for their 2023 finances, they could consider talking with a professional financial advisor.
Emergency Fund
On the same website, they highlighted that one of the most vital things to prioritize is having an emergency fund. They explained that many professionals and statistics had reported a hundred percent chance of a recession in the U.S. in the next 12 months.
They noted that according to the Fitch Ratings, the U.S. would experience a recession from the second quarter of 2023. They emphasized that it would be essential to have cash or liquidity to prepare for this situation.
In addition, numerous layoffs have occurred across the market, as revealed on the website. They mentioned that HP has stated that they would cut down on 4,000 to 6,000 occupations over the following years.
The website emphasized that this news could be alarming, so it is vital to have emergency fun and be prepared for any uncertainties in the next few years.
More importantly, the website explained that people should have an emergency fund for at least six to eight months of their monthly income. These savings could give them peace and lessen the chances of taking on debt, as further mentioned on the website.
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