Are you an optimist or a pessimist? Traditional wisdom says it’s healthier to focus on the positive, but there are times when pessimism can be useful.
These days, it’s tempting to get caught up in the negative: war, inflation, interest rate increases, and the like, but taking some time to seriously focus on the worst-case scenario can actually help you feel more optimistic about the future.
Let’s take some time to run a scenario analysis of your financial situation to help build confidence that you are still on the path to pursuing your goals, even in light of these pessimistic times. That may help you feel a bit more optimistic.
Here are some of the best articles circulating this week with information that can help you in your planning. Enjoy them and feel free to share with anyone you think could benefit. Let’s connect. I’d love to hear from you.
Tax Day Is Coming. Here’s How to Cope With the IRS.
March 25, 2022
There’s a massive backlog of letters and returns, phone lines are flooded, and online systems are…
How To Create Your Worst-Case Scenario Budget
March 23, 2022
The pandemic taught us all many things. It has especially taught us how quickly life can change…
Millennials Are Running Out of Time to Build Wealth
March 24, 2022
The oldest members of the Millennial generation turned 40 last year. They’re only 80% as wealthy…
How to Build Wealth When You Don’t Come From Money
March 28, 2022
The first step to attaining wealth — at least for people who are not born into it — is much more…
Time to Stop Overanalyzing and Start Making Decisions
March 29, 2022
In itself, the fear of failure isn’t a bad thing. Most people are familiar with the feeling, but we all have different ways of coping with it.