Have you ever been hit with some unexpected expense(s)? You know, your best laid plan for this month’s income and expenses and one more, one you had not planned, has cropped up. Maybe it was not an expense, but some income (how nice!) shows up out of no where or from something you did. How do you react?
Sometimes those decisions are critical and need to be made very quickly. You need to understand your “what if” scenario. What will you do? Are you prepared. Are you ready?
Recently, I was at a softball game that my wife was playing in. In that game the ball was hit to the pitcher with runners on second and third. The pitcher was surprised because the ball was hit so quickly that he just threw his glove towards the incoming projectile and he now had it. Like a hot potato, he was now considering what to do with the ball. All you could see on his face was a look of indecision looking back and forth around the infield. Before he knew it all runners were safe and a run was scored. Why? He did not know what he was to do with the ball – there was no “what if plan” on his mind.
The very next day I had a followup meeting with a great couple who had just experienced a very bad financial month. Their family is going through some serious issues and it was one of those months, as they described, that they did not know “who to throw the ball to”. As it ended up with no “what if” plan their finances got away from them.
Regardless of your planning, things are gong to come up and you need to be prepared on how to react.
What is your plan? How do you anticipate your next move? Regardless of they area of your life, who will you throw the ball to?