This week's Morning Meeting is with SDFD Battalion Chief Alan Arrollado. He explains how in his 30+ years of fire service experience, he's seen numerous economic cycles come and go, but the thing that has remained constant is sticking with the fundamentals. Don't buy depreciating assets, build up an emergency fund for when things get tough and invest in companies that pay a dividend. Simple, but not easy...
In his career in the fire service, Chief Arrollado spent a lot of time working in the busy houses, but also served as the President of Local 145 and President of the San Diego City Employees Retirement System. Through his experience, he says the biggest eye opener for him on his path to financial independence was learning how to mitigate risk. 📉
As First Responders, we do a great job of managing risks in the calls we respond to, yet when it comes to our own financial well-being, a lot of us operate without any safety measures in place.
Chief Arrollado says make a financial plan you can stick with and avoid letting "comparison be the thief of joy" by keeping your personal finance, personal. That'll keep you on the path towards financial independence 👣👣👣 You can find more about him on Facebook and Instagram @alanarrollado
