In this episode of Love & other assets, Emily Luk sits down with Amanda Burr, a resilient widow who shares her extraordinary journey of rebuilding her life after the sudden loss of her husband. Amanda's story is a testament to courage, authenticity, and facing fears head-on.

Prepare to be moved as Amanda recounts the emotional roller coaster she endured. From the shock and fogginess of the immediate aftermath to the unexpected challenges of managing finances and navigating the bureaucratic labyrinth of insurance payouts, Amanda reveals the raw reality of grief and the importance of a strong support network.

Get ready for an insightful conversation about financial preparedness. Amanda shares valuable lessons about the crucial role of life insurance, the importance of a robust emergency fund, and the often-overlooked gap between death and receiving insurance benefits. She emphasizes the need to proactively plan for such unforeseen circumstances, especially when children are involved.

You'll discover a moving perspective on money and its power. Amanda's journey highlights a shift in her relationship with finances, moving from a relentless pursuit of "more" to a focus on meaningful experiences and fostering financial literacy for her children.

Prepare to be inspired by Amanda's resilience and her remarkable ability to rebuild her life. You'll hear about her blossoming new relationship and her entrepreneurial spirit, launching two businesses – a kitchen and bath remodeling company with her fiancé and a consulting business for tech companies.

What we discussed:

• Financial preparedness: Did you know there could be a gap of months before you receive life insurance payouts? Amanda shares a chilling story about the importance of being prepared for unexpected events, even when they seem unlikely.
• Strong support network: Amanda's story reveals that even in the darkest moments, a supportive community can make all the difference. Who are the people you can count on when life throws you a curveball?
• Grief and resilience: "You're never going to get over it." Amanda shares her experience with grief and how it transforms over time. What does it mean to live with loss, and how can we find strength in the face of unimaginable challenges?
• Proactive financial planning: What happens if your partner is suddenly unable to manage your finances? Amanda's journey highlights the importance of being on the same page with finances and having open conversations about money.
• Raising financially savvy children: Amanda believes in exposing children to the world of money early on. How can we empower our children to make responsible financial decisions in the future?
• Trusted financial advisor: Amanda advocates for having a financial advisor to help make sense of complex situations. Is there someone you trust to navigate your finances when you need guidance the most?

Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. 

Brought to you by Plenty. Plenty is an investment platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy.

SELECTED LINKS FROM THE EPISODE

Connect with Amanda Burr: LinkedIn |X/Twitter

Connect with Emily Luke: Website | LinkedIn | Twitter

Plenty: Website | Instagram | Facebook | YouTube | Twitter/X

PEOPLE & RESOURCES MENTIONED

Channing Allen

Stripe

Financial Advisor

Life insurance

Lego