Question

Barry gets hurt at work and must go on disabililty for 4 months. On disability, the pay that Barry receives is 60% of his normal net pay. Barry should be fine if he has a plan for _____.
a.
financing
b.
managing his investments
c.
managing his liquidity
d.
protecting his assets

Answer 1

c. managing his liquidity

He needs a plan for short-term cash flow (emergency fund, budget, accessing liquid assets) to cover expenses while his income is reduced.