In my career as a financial life planner, my goal was to look at client situations from various angles, applying the mantra “What could go wrong?” and addressing those potential issues as thoroughly as possible. “What If…” was central to the discussion, and this question usually produced meaningful conversations.
In Chapter X, the “what if’s” may raise their ugly heads and throw our well-considered thoughts, ideas, plans and beliefs into disarray. These unwanted situations might be financial, or they might be in the arena of our health or that of someone we love. Unexpected issues might arise with our children or grandchildren that require us to shift our thinking—or our lifestyle.
It’s easy to imagine a life of unfettered joy and satisfaction, although reality might be vastly different, risking emotional turmoil and panic. While we all want our remaining time to be the imagined ribbon of smooth pavement, potholes invariably await.
Life presents challenges, uninvited. Your job is to be as prepared for whatever comes, with all the possible ramifications. Asking yourself good questions is a good way to start.
For example:
- Will a severe and prolonged recession impact financial security?
- What will I do if I am unable to continue doing what I enjoy; what other possibilities exist?
- If illness arises, in myself or a loved one, what resources might I need to call upon?
Chew on that for a while and add to the questions as you dig deeper.
