This content was created by Alan Akina. This content was uploaded by Alan Akina. This is a YouTube segment titled "Financial Fitness with Alan Akina - Preparing for Natural Disasters" (published August 7, 2014). It is a short conversational broadcast-style clip (Wake Up Today) in English featuring multiple hosts (labeled SPEAKER A, SPEAKER B, SPEAKER D) and Alan Akina. Alan delivers five practical financial-preparedness tips for Hurricane Iselle — keep cash on hand, photograph possessions, store important financial documents in a fire- and waterproof safe, review insurance policies, and avoid panicking or making impulsive investment moves — and the hosts respond with commentary referencing past storms (Iniki) and preparedness on Kaua'i.
Chapters
Hurricane Iselle is almost upon us. Are you ready?
Alan Akina has more on what you need to know to make it out of the storm financially.
Good morning, gang. By now, I'm sure most of you are all stocked up on food, bottled water, and toilet paper. But what can you do when it comes to protecting your financial life from natural disaster? I prepared 5 things that you can do today that will give you some financial peace of mind during the storm. Tip number 1, have some cash on hand. Cash becomes king during a disaster. The other night when I went to put gas in my car and the station would not accept credit cards. This was with the power still on. So I suggest that you have at least $50 or more per family member and $100 per vehicle. Now remember to carry small bills as you may not be able to get change in a hurry. Number 2, take pictures. According to State Farm Agent Jeremy Dunaway, the best way to document your possessions and condition of each asset is to take pictures. I suggest you get pictures of all the contents in and outside of your home, Including pictures of your cars and/or boats. Number 3, store all of your important financial documents in a fire and waterproof safe. Include your bank and credit card information, sales receipts, wills and trust documents, real property info, investment accounts, and tax documents. Number 4, review your insurance policies and contact your insurance agent to find out what else you'll need in order to file a timely claim if needed. And number 5, don't panic. You do not have to cash in all of your stocks or CDs because of the storm. Keep a cool head and make solid and wise investment decisions. For Wake Up Today, I'm Alan Akina. See you on Monday.
I like all of those, especially the last one.
I know, now I'm panicking. I'm like, oh, there's more stuff to do.
Yeah, and you see the devastation that Iniki did back in 1992. This is worst-case scenario, but Kaua'i was prepared. But Mother Nature can be very, very powerful.
Powerful, unforgiving. You just have to be prepared all the time.
Yeah. You know, we talked a little bit about— you just heard Alan Akina talking about document your things now, serial numbers, take your pictures. Makes a big difference. I know on Kauai we lost things, found things 2 miles away from our home. So it can happen. Your thoughts on that?
No, I was glad to see those 5 tips. And I think number 5 is very important. Don't panic. Because there is time. Believe me, there is time.
