
Credit to @sasha_noelle1 who commented this idea for her dead box on one of my recent posts!
If you’re not familiar yet, a dead box is a secure, centralized location with all the information your family needs to unwind your financial life. If you unexpectedly died today, would your family know where to find your investments, 401k, debts, mortgage, bills, credit cards, bank accounts, etc?! That’s what your dead box is for!
And as Sasha pointed out, it doesn’t need to be just about boring financial stuff either. I include a heartfelt and hopefully comical letter in mine. And you can include FLATTERING photos and GOOD music so you know your memorial party will be amazing. Plus it saves your family the hassle of heartache of trying to collect these things based on what they think your wishes would have been.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Jeremy