Today’s show is about prudence and preparation in all areas of life. One of the oft-ignored aspects of personal financial planning is to plan appropriately for the areas of life that can’t be solved with the purchase of a financial product. This risks can vary from the mundane, common things of daily life to the far-out, radical circumstances.
Today, I emphasize how a focus on building the character quality of prudence can really help to improve the long-term results we achieve in life. When you couple prudent thought with a willingness to “wargame” various scenarios, you’ll be able to guide yourself to shore up the areas of life in which your financial plan is weak.
Prudent, prior planning is key to long-term financial success. Consider how you can apply it in a greater and greater way.