It’s a good idea to look out beyond the hour, day and week. Some people plan important events years in advance. When you plan ahead, it changes your perspective on life, time and prioritisation.
Our life insurance broker rang me today. He wanted to check that I was happy with the cover we had. Was it the right amount, coverage and term (length of time)? All seemed fine.
However, it did get us running a few scenarios. How old would we be in 10, 20 and 30 years? We also needed to calculate how old the kids would be on those dates. The other point to consider was specific life moments falling in those time periods. Big events we considered were; helping with the children’s university costs, business start up costs and/or potential wedding costs.
Planning ahead does make you confront some brutal truths. In particular, it reminds you that you will either be much older one day, or the alternative. And you should consider that ‘much older’ comes with more than simply more candles on your birthday cake. Your health and wellness is likely to change somewhat.
You plan ahead for things that you want such as holidays, concerts and sporting events. So you should also plan ahead for those events that are inevitable, like ageing and the alternative.
Do it now.
Your Thinking...