Tag Archives: critical care plan

A Bridge Over Troubled Financial Waters

Risk Protection, , , , , , , ,

Life is like a box of chocolates, as actor Tom Hanks memorably said in the movie Forrest Gump; you can never be certain what types you’re going to get until you open the box. Life can indeed be full of surprises, but unlike a package of sweets, not all of the components may be pleasant.

To live to the fullest, the irony is that you must accept the various risks which life can bring. Risk is simply the possibility that your plans may not turn out in the way you hoped. Instead of obtaining the positive results that you expect from your efforts, you can actually receive a negative outcome.

To be financially secure, you must find ways of spreading the risks that life may bring so that you don’t have to absorb them all by yourself. To do this, you need to put in place certain strategies which will prevent you from having to deal with the full financial cost of undesirable life events. Continue reading A Bridge Over Troubled Financial Waters →

Maintaining your health

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Last week we looked at the connection between wealth and wellness, noting that ill health can jeopardise your finances. Sickness can decrease your work output, deplete your savings and destroy your plans for the future. You need to have good health to pursue great wealth.

Since wealth can be defined as a “plentiful source of a particular desirable thing”, you could say that good health is a form of prosperity in itself. Whether you have an income shortfall or you have significant net worth, you must preserve your health if you want to be truly financially secure.

Very often, persons will explain that a shortage of time and/or money hinders them from pursuing healthy lifestyles. Let’s look at some of the common excuses and outline some strategies that can help you to find the right balance between managing your wealth and maintaining your health. Continue reading Maintaining your health →

Money Mayday

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Historically, the first day of May was celebrated around the world with activities, including the crowning of the May Queen and dancing around a maypole. In modern times, the May Day festival has been merged with the Easter holidays, and it is no longer popular in most countries.

Apart from its association with ancient celebrations, the term ‘mayday’ has a less pleasant meaning. Mayday is used as a signal to indicate that a vessel such as a boat or aeroplane is facing a serious emergency. It was coined because it sounded like the French expression, ‘m’aider,’ which means ‘help me.’

When sudden disaster strikes

Two recent tragic events affecting air and sea travel made me reflect on the mayday distress signal. The mysterious disappearance of Malaysian Air Flight 370, with hundreds of passengers onboard, and the sinking of the South Korean ferry demonstrated how a routine journey can quickly turn into disaster.

Although we may not like to think about it, in the twinkling of an eye our lives can go into a negative tailspin from which it can be very difficult to recover. Just like those persons who embark on a voyage, we need to make adequate preparations to protect ourselves from the uncertainties that surround us. Continue reading Money Mayday →

Expect the Best, Prepare for the Worst

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For many people, thinking about the subject of money brings on negative emotions ranging from mild confusion, constant frustration, sheer anxiety to full-blown panic. It’s unfortunate that such an essential part of our lives can sometimes cause us to experience so much mental pain.

Very often, persons will create their own money misery with their poor financial habits. Splurging in excess of their income, not planning for upcoming expenses, ignoring the need to save, and not making efforts to earn part-time income are some of the practices that can cause distress.

While careless spending and budget shortfalls are the usual suspects for money worries, sometimes a lack of organisation in your financial affairs can bring unwarranted concern. Uncertainty about the true state of your finances can lead you to be overly fearful about your financial future. Continue reading Expect the Best, Prepare for the Worst →