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What Is Contingency Planning? (And Why It’s Important!)
Manage episode 443357833 series 3585684
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In life, not everything goes according to plan. Whether you're flying a plane or managing your finances, unexpected challenges can arise at any moment. That’s why it’s so important to have a plan for when things go wrong.
In today’s episode, we’re talking about contingency planning- what it is and why it’s important for your financial life. We'll explore how being prepared for the unexpected can help you maintain control and confidence in your financial decisions. If things take an unexpected turn, will you be ready?
Here’s some of what we discuss in this episode:
0:00 – Intro
0:47 – What is contingency planning?
2:50 – The importance of contingency planning
7:42 – Your family is counting on you
Resources:
Schedule A Call with Scott: http://callosborn.com/
Scott's Book, A Pilot's Guide To Maximizing Wealth & Cashflow In Retirement: https://amzn.to/3xSn1ii
The Pilot's Planner Website: https://thepilotsplanner.com/
Watch the podcast on YouTube! https://www.youtube.com/@ThePilotsPlanner
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