SOWBO Magazine 2nd Edition
About Our Magazine Society of Women Business Owners is an organization that brings together women business owners and women aspiring to become entrepreneurs. We have more than 15 years of experience in the industry. Our organization consists of professionals who are well rounded in different industries and businesses.SOWBO Magazine is the publication and news extension of our organization. The magazine uses a holistic focus (mind, body, spiritual, and financial) to reach women worldwide.
About Our Magazine
Society of Women Business Owners is an organization that brings together women business owners and women aspiring to become entrepreneurs. We have more than 15 years of experience in the industry. Our organization consists of professionals who are well rounded in different industries and businesses.SOWBO Magazine is the publication and news extension of our organization. The magazine uses a holistic focus (mind, body, spiritual, and financial) to reach women worldwide.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Do You Need Disabilit y Insurance?<br />
More than seven out of 10 working Americans believe<br />
that most people need disability insurance, yet only one<br />
out of three actually has disability insurance protection.<br />
1 This disconnect suggests the importance of assessing<br />
your own situation and determining whether you have<br />
appropriate financial backup in the event that you<br />
cannot work due to a disability or injury.<br />
Preparing for an Emergency<br />
Only 63% of U.S. households report having enough<br />
emergency savings to cover unexpected expenses such<br />
as a car repair or medical bill. 2 But even if you do,<br />
consider whether you have enough resources to<br />
weather months or even years of lost income. Statistics<br />
indicate that the average worker has a 30% chance of a<br />
job loss due to a disability lasting 90 days or longer. 3<br />
Your ability to earn an income may be your most<br />
valuable asset. A 35-year- old worker who earns$60,000<br />
a year could potentially lose $300,000 in wages during a<br />
five-year disability and $1.5 million or more if<br />
permanently disabled. Workers with higher salaries not<br />
only stand to lose much more but often have higher<br />
living expenses. How long could you and your family live<br />
comfortably without your income?<br />
STEPHEN H. GOLDSTEIN<br />
7
Change language