Hope For the Best, Get Ready for the Worst: Better Safe than Sorry
There are a few mantras that you can depend on pretty much all of your life. Two that generally mean the same thing but are used in slightly different circumstances might be two of the most common. You will hear that you should always hope for the best but get ready for the worst.
And you will hear that it’s better to be safe than sorry. Those two concepts can be applied to nearly every aspect of your life. Are you taking advantage of those very gentle yet direct pieces of advice?
You can think of several examples where following these rules can be beneficial. You probably spend some amount of your time on the road in vehicles. It’s much better to prepare for a car accident than to not know how to handle it if it happens. The same thing might go for weather disasters.
Spend some time in preparation rather than being surprised when they occur. And the third example might be for economic consequences outside of your control. To a degree, you know what your paycheck as. But if you have investments, the financial spectrum can change very quickly to spike this money up or down. Always be prepared for that to happen.
A particularly practical example of when it’s good to hope for the best but get ready for the worst would be concerning your driving habits. Even though no one ever wants to get in a car accident, it happens. At that point, you need to call a car accident lawyer.
Are you prepared with all of the necessary data to give them? Do you know what you should be doing at the scene of the crash? Do you know how to check everyone involved in the collision for a medical issue? You can answer all these questions in advance of the accident to make sure that you are prepared if it happens.
Wouldn’t it be great to live somewhere that the weather was always amazing? There are very few places in the world there come even close to that. That’s why it’s always good to prepare for inclement weather. Prepare your home for flooding or a vicious storm outside.
Prepare for heatwaves or cold snaps. The last thing you want is to have to run around and try to gather materials to prevent damage from happening to your property. You should be prepared months if not years in advance for any possible damaging weather situation. Having an emergency plan with your family is also helpful.
Economic Consequences Outside of Your Control
What happens if the stock market crashes? Yes, you hope that your investments go up in value for the duration of your life. You hope that you have invested in something that will have an incredible return immediately and that you can retire rich right now.
However, it’s just as likely, if not more likely, that something terrible will happen in the stock market, and your financial backbone will be depleted in that arena. Make sure you never have more invested than you can afford to lose.