World

How to Avoid a Financial Fiasco After a Car Crash

Published

3 years ago

June 22, 2021

A car crash can turn your world upside down in many ways. Hopefully, you’re safe, and everyone involved is okay, but there’s so much that could go wrong after a crash. Many problems involve money. The following guideline will help prevent you from falling off a financial cliff after this event.

Getting to Work Carless

If you get in an accident and can still work, but your car is out of commission, you’re going to have to figure out how to get to work. The moment you start letting this interfere with work is the moment you’ll fall off that financial cliff, and you don’t want that. You may have to deal with a lot of expenses after an accident. This is especially true if you aren’t fully covered, which can happen. Many folks don’t have full coverage and get the short end of the stick when they get into trouble. Public transportation will be more affordable than ride-hailing services, or you can talk to a coworker to see if someone is willing to give you a ride in exchange for gas or something like that.

Second Streams of Income

Consider creating another stream of income. If you can’t work because of an injury or another reason that makes it hard to work, you need an alternative solution. Some folks mistakenly think they don’t have to worry about money because the insurance will cover their expenses. Many people wonder how long does an auto insurance claim take, and the answer is it could take a long time. It could take months, maybe even years for you to see that money. Bills won’t stop coming in. They won’t wait for you to get the money owed to you. Consider doing things like renting out your backhouse or a room in your home. You could even rent out your garage. There are many ways to make some cash.

Working With a Lawyer

You’ll want to consider working with a lawyer to make sure this goes as smoothly as possible. A lawyer who focuses on car accidents and insurance claims is going to make things easier for you. They’ll deal with the paperwork, and the loops that insurance companies may put you through that make it seem like they don’t want to give you anything. A lawyer can ensure you aren’t tricked and get your money as soon as possible. Granted, it probably won’t be overnight, but you’ll probably wait less time than if you do this on your own. Make sure you interview a few lawyers and read several reviews before you decide who to work with.

Sticking to Doctor’s Recommendations

One of the worst things you could do is avoid doing what your doctor tells you. Getting everything owed to you depends greatly on your ability to listen to everything your doctor says. If you make a mistake, insurance companies may try to deny your claim. You might be surprised by what these people are willing to do so that they don’t have to pay you. In essence, they might argue that it’s your fault that you’re dealing with health care issues. If you make a mistake with your health, you could also hurt yourself.

Preparing for the Worst

Savings are vital right now, so make sure you start working on that. You don’t know how long things will take, and you don’t know what kind of emergencies might spring up on you at this time. What’s worse is that you could end up getting a lot less by the time everything is said and done. If that’s the case, you’ll need more cash than you anticipated. It’s time to budget and work on building a big savings fund to help you out should things get a little challenging later on.

These are some things you should keep in mind after a car crash. If you can stay financially afloat, then you’ll feel a lot better about your situation.

World

Meet the Team: The Experts Driving Phoenix Capital Group’s Vision

Published

3 weeks ago

September 24, 2024

Rosario Farell

A popular saying in business is that behind every successful company stands a skilled and dedicated team of professionals working every day to achieve more. That’s the case at Phoenix Capital Group Holdings, LLC, where experts drive the company’s vision to new heights.

Thanks to the hard work and dedication of its exceptional team, Phoenix Capital Group consistently strives to deliver value and high-quality returns to individual landowners and investors in the oil and gas industry.

Here are a few of the experts leading the charge at Phoenix Capital Group.

Adam Ferrari, Chief Executive Officer

Adam Ferrari, the son of co-founders Daniel and Charlene Ferrari, serves as the CEO of Phoenix Capital Group. With nearly 20 years of experience in the oil and gas industry, Adam has been instrumental in leading the company and focusing on key initiatives that drive substantial growth.

Raised in a small farm town in Illinois, Adam learned the values of hard work, grit, and determination from an early age. He graduated magna cum laude from the University of Illinois at Urbana-Champaign with a degree in chemical engineering. Starting his career at BP in the Gulf of Mexico, Adam honed his engineering skills before moving through various leadership roles at the company and later transitioning to investment banking at Macquarie Capital.

Adam’s entrepreneurial spirit led him to found multiple oil and gas ventures throughout his career. Phoenix Capital Group is the culmination of his diverse experiences and his most significant project to date.

Adam is married to Brynn Ferrari, the CMO of Phoenix Capital Group. They have a young son and hope to expand their family in the future. Outside of work, Adam enjoys spending time with his family, exploring local cuisine with Brynn, and watching USC Trojans football.

Curtis Allen, Chief Financial Officer and Partner

Curtis Allen brings over 10 years of experience in financial services—with a strong emphasis on investment analysis—to his role as CFO and Partner at Phoenix Capital Group. A CPA, Curtis has a broad range of financial experience, from preparing private taxes to auditing billion-dollar defense contractors. He has managed investments for corporate and personal clients for over seven years and holds Series 7 and 66 licenses. He has also passed the CFA Level 1 exam.

At Phoenix Capital Group, Curtis oversees all finance and accounting functions, as well as various day-to-day operational tasks.

A family man, Curtis is married with two children. Outside of work, he enjoys outdoor activities such as playing beach volleyball with his wife and bicycling with his family.

Lindsey Wilson, Chief Operating Officer and Partner

Lindsey Wilson, COO and Partner, brings extensive practical experience to Phoenix Capital Group. She has led various diverse, multidisciplinary teams within the energy sector, and she prides herself on setting and achieving aggressive business goals while ensuring all employee needs are met.

A founding member of Phoenix Capital Group, Lindsey manages and oversees the company’s daily business operations. She works closely with all supervisors and department heads to support the day-to-day activities of all employees.

Lindsey began her career in the oil and gas industry in 2011 as a leasing agent in Fort Worth, Texas. This foundational experience served as a springboard, allowing her to transition into more advanced roles within the mineral and leasehold acquisition space.

Combining her practical oil and gas experience with skills gained in sales, marketing, and underwriting in the hospitality and banking sectors, Lindsey has successfully led Phoenix Capital Group’s multi-functional organization. She holds a BBA in Marketing from the University of Texas at Arlington.

Lindsey is married with a daughter. She enjoys spending time with her family and training for marathons.

The Entire Team at Phoenix Capital Group Contributes to Its Success

Adam, Curtis, and Lindsey have over 60 years of combined experience in the energy sector. They bring a diverse array of skills in software development, engineering, finance, and more to Phoenix Capital Group.

However, the company’s immense success would not be possible without the dedication, skills, and hard work of the entire team.

The large and diverse team at Phoenix Capital Group focuses on minerals, investments, operations, marketing, land, finance, technology, and more. Through their combined effort, they contribute to the company’s ongoing success and growth.

About Phoenix Capital Group

Founded in 2019, Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States. The family-owned company is a technology-led and client-centric focused organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.