When you become injured and are unable to work, the stress of your bills and financial obligations may begin to build. The loss of a steady income can take a toll on your bank account, and if you have extensive medical bills due to your injury, you may find yourself wondering how you’ll make ends meet. Don’t avoid seeking medical treatment or fall behind on your bills because your income has stalled. Here are some steps to take in order to keep your finances on track during difficult times.
Find the Right Attorney
If you’re the victim of a personal injury, accident, on-the-job injury, or medical malpractice and become unable to work, you may be entitled to a settlement for punitive damages. This settlement can be exactly what you need to supplement your missing income during this time. As the injured party and plaintiff, you’re facing the insurance companies and negligent party in your lawsuit, and you’ll want a strong personal injury attorney to take your case and get you fair compensation. A quick Google search of lawyers in your area such as “personal injury lawyer Raleigh NC” will give you a list of firms that can help you with your case. Firms like Bishop Law Firm have professional injury lawyers with years of legal experience in their practice area as well as the expertise you need in your personal injury case representation.
Under North Carolina law, victims of a serious injury are entitled to legal settlements that cover all the medical expenses of their medical treatment as well as monetary compensation to cover lost wages and punitive damages (pain and suffering). Bishop Law Firm also offers accident victims a free consultation and injury case evaluation. Potential clients can receive free legal advice on their personal injury claim so that the law firm’s team can determine if the accident victim has a viable legal case. The Bishop Law Firm doesn’t claim any attorney fees unless they win your personal injury or wrongful death case. As a plaintiff and accident victim who is potentially facing mounting medical bills and high fees from your insurance company, it’s essential to have a personal injury attorney that will fight for your case but won’t claim compensation for their legal service if your case is lost. If the verdict of your personal injury case doesn’t come back in your favor, you won’t have additional attorney fees on top of your other expenses.
Practices like Bishop Law Firm’s personal injury lawyers are committed to getting their injured clients the fair compensation they desire. Oftentimes insurance companies will either try to delay your case or force you to settle before you’re finished with medical treatment. Bishop Law Firm’s personal injury lawyers are dedicated to fighting this behavior exhibited by insurance companies and speeding up the legal process when necessary to get you a legal settlement that covers all of your expenses.
Let your money work for you.
As you’re awaiting your legal settlement, your bills are still waiting. Instead of staying stagnant and watching your bank account slowly dwindle, you should consider looking into possible investment options. Oftentimes people are hesitant to pursue traditional investment options that revolve around the stock market. This is because the stock market can be very volatile, and although they can result in high yields and high returns, they also come with a very high risk. They can also require an upfront minimum investment amount that is higher than what you can afford.
This is why some people seek out a different type of investment that is a better fit for their annual income. Alternative assets and investment options are becoming more and more popular for this very reason. Companies like Yieldstreet are an investment platform that specializes in alternative assets. A Yieldstreet investment in the asset class of your choice always has a low correlation to the stock market, making it much less volatile than traditional investment offerings. But is Yieldstreet legit? While it’s always important to do your own due diligence, Yieldstreet reviews reveal the low stock market correlation, tangible asset, and investment opportunities that they offer which help many people fix their financial situations.
Users of Yieldstreet review different products and offers before choosing an asset class for their alternative investing. The Yieldstreet platform offers investment opportunities and individual offerings such as real estate, marine finance, fine art collectors and art dealers, consumer finance, litigation finance, settlement financing, vessel acquisition, and commercial finance. Yieldstreet’s investment platform allows users to reinvest their outstanding interest earnings across multiple industries. Therefore, reducing their risk of default. Also, every investor’s Yieldstreet wallet is insured by the Federal Deposit Insurance Corporation (FDIC). Yieldstreet works to change your passive income from interest payments into a full-time income that can fund your bills, your life, your dreams, and even your retirement.