Hope for the Best, Plan for the Worst: Keys To Riches Number Six

Published: May 1, 2016, 11:44 p.m.

The Keys To Riches™ Financial Wellness
Series is a baker’s dozen of financial concepts that
teach you how to think like the rich and be in control of your own
money. It also gives you specific techniques to create or fix your
credit, eliminate debt, save and invest, building wealth and
happiness holistically, all while transforming your current
financial habits into healthy money management skills.
Listen every Monday morning on the
Libsyn Platform where
you’ll find our featured Key for the week from
Heather’s Keys To Riches™ Financial Wellness
Series.
Tune in to this
week's Key
Number Six: Hope for the Best, Plan for the
Worst as host Heather
Wagenhals offers specific
financial techniques to help your financial habits become healthy
money management skills.
Key Statement:
While I remain optimistic about my financial future, I am keenly
aware that a catastrophic event may occur me or my family that
could materially alter my financial picture, so must be prepared
for the unknown.
Key Affirmation:
I am prepared for any financial situation that life may throw at
me.
Key Commitment:
I commit to planning for alternative scenarios that
may challenge me or my family.
Key Action Item:
Sit down with yourself and significant other, if you have one,
and list all of the worst possible outcomes that may beset your
family. Things like:

one or both of you losing your job
an unexpected pregnancy
the sudden responsibility of an indigent parent
injury or accident that may keep you from working
death of an income producing spouse
a lawsuit
a physical or mental limitation in a child or sibling that may
require additional care or treatment not covered by insurance

These are just some examples of things you can anticipate and
create plans. Having an alternate plan of action is like the
insurance policy you pay for and never use.
Tune in every week as
Heather Wagenhals, host of Unlock Your
Wealth Radio, reveals this week's Key, along with our
Key of the Week, Moolah Word of the Day, Money
Drama & more! Click HERE to listen to last
week's Key Five - Take Emotion Out of the
Picture.