So long as you’re earning money, you might be completely fine with your current cash flow. However, you, like many others, might be in danger as soon as there’s any interruption to those earnings. If that’s the case, living without any form of protection for your income might put you in an extremely risky position.

You never know what might take you out of work, so here are a few options you might want to consider.

What About Income Protection Insurance?

When you think about the words “income protection,” this might be your first thought. Indeed, income protection insurance is exactly as it sounds: you put money into your insurance so that if your income gets interrupted or you lose your job, you receive a payout to help you make up for it. However, insurance is a considerable expense, and insurance that is designed to cover a living wage can be especially expensive. You can look through the market with brokers like Light Blue to find the best possible deal for you, but it’s important to understand that this will take up considerable room in your budget.

Should You Have an Emergency Fund?

Aside from putting money into investments that can protect your income, one of the most frequent tips is to put together enough money to cover you through several months of unemployment when it comes. Apps like Wallet can help you save money towards an emergency fund that can cover you in those circumstances. However, for most people, keeping savings like that without any finite goal to them is not all that feasible for that reason, it’s important to make sure you have other protections while still building that emergency fund.

Stand up for Your Rights

There are some cases where an interruption of your income is by no means any fault of your own or related to your employment itself. Instead, it may be the result of an injury. If an injury takes you out of work, however, you may have a legal right to claim the money that you would miss as a result of that injury with the help of teams like the law firm of Chad Stavley. Depending on the circumstances, you could end up winning funds to pay for medical expenses, lost income, and even more.

Don’t Rely on One Income Alone

If you want to be as safe and financially secure as possible, you should be looking to become financially independent of any job. This doesn’t mean not having an income from a job, but rather making sure that you have multiple incomes so that, even if you lose one, it isn’t the end of the world. The single best way to achieve this, at the moment, is to learn how to invest and build up a portfolio over time that either pays you dividends or that you can liquidize as and when you need it.

It’s difficult to protect your income from an uncertain future. However, if you can afford any of the investments above, it’s important to make sure they’re in place.