Not Saving Could Cost You Your Life

irma

I am glued to my screen, just like every other American, watching in horror as disaster after disaster ravage the Caribbean and southern states. As I see the images unfold, I watch with sadness but also with frustration as news networks routinely interview people who refuse to refuse to evacuate.

While I understand that some are not leaving because of pride and in part because they may believe that the media is overplaying the seriousness of the storm, I’m also starting to realize that some people are not leaving because they simply cannot afford to. They don’t have the extra funds to cover hotels, gas, and food on the road. While that is not an adequate excuse given that shelters are free, it doesn’t change the fact that shelters do have capacity limits and there will always be a significant number of people who have to pay for a hotel out of pocket.

Despite the glamour of South Beach, the city of Miami which is projected to be one of the most affected parts of the state has its underclass. With Florida having a sizable senior population on fixed income, the fact that it is a red state where wages are lower and the fact that there is a large immigrant population all mean that many of those in the affected areas do not have a lot of disposable income. That usually means that people are not saving like they should be. I am certain I have said this in the past, but if I have not, let me say it now: in a capitalist society, a lack of resources can be dangerous if not downright fatal. Even when hotels are $50/night, that seemingly bargain basement price can seem like an insurmountable sum for someone who is in the red every month.

This storm was announced 2 weeks ago and some people still couldn’t make it happen. The very nature of an emergency is that it is unexpected. We can’t possibly know when every tragedy is going to happen. The best we can do is to be prepared to minimize its impact. Stay out of debt, save and have a plan that fits with the risks of your specific region. Government resources are limited and we cannot anticipate that we will always get help in a timely fashion or that assistance will come at all. Stay ready so you don’t have to get ready. Let this be your wake up call.

My thoughts and prayers are with everyone affected by our recent natural disasters, including the recent earthquake in Mexico. If you are in a position to donate, do so at your local level so most of your funds can actually do some good rather than getting eaten up by large overhead at giant corporations. If you can’t afford to donate, volunteer your time. If you’re too far, please remember people always get hurt in these tragedies and you can give blood no matter where you are in the country.

Advertisements

Too Many Plans

business-plan-no-watermark-small

Does anyone like plans as much as I do? I love plans! I think a solid plan is a foundation for success. “I’ll just wing it”, says no successful person, ever. It helps you stay organized, it gives you something to look forward to and it helps reduce uncertainties. Sure, things will always come up, but better spend time managing the unpredictable rather than spending your time trying to guess the things you could have planned for. At the same time, I do think there is such a thing as making too many plans. I mean, it’s no coincidence that people who say they want to be doctors become doctors, but those who say they want to be president/truck driving end up having to pick just one…

Anyhow… from my experience, I do better when I have a short list of plans.  The longer my list of plans or things to do, the less likely I am to do anything on the list, let alone achieve them all. The failures I encountered trying to do too many things at once have taught me to tackle one thing at a time, and truth be told, I have never been this successful and happy in my entire life. I don’t want to solely attribute that to my great planning skills. Because some of it also has to do with age, as we learn to get more established in our careers and become more content with ourselves.

While my mental state and level of satisfaction with my life are a matter of  opinion, my milestones are not. I want to say this as the holiday season approaches, because I know many people will be tempted to have an endless New Year’s resolution list. I want you to know that you’re more likely to do well when you set realistic goals and just a couple of them. You don’t want to be slowed down or discouraged by your own ambitions. Take a look below at how realistic, achievable and specific goal setting changed my life.

Here is my list of goals around the time I finished undergrad:

  1. Get a job
  2. Go out all summer (I live in a cold climate so summer is prime socializing season)
  3. Get promoted
  4. Get a boyfriend
  5. Get my own place
  6. Travel the world
  7. Get a new car
  8. Blog

The only thing I managed to do was get a job, which I hated.

Here’s my list of goals a few years a later:

  1. Get a job I like. I will take my time to interview with different places. I have a job right now and I am not desperate. There’s no need to jump at the first offer. I will assess the organization, their values and the entire package, not just the pay. Because no matter how much money I make or how easy the work is, being miserable somewhere I spend 40 hours a week makes no sense.
  2. Go to grad school. I’ll study for the GMAT and apply to a couple of different schools. I will take it seriously and will do research to know what to expect in interviews and essays. Because my job will pay for it, so there’s no sense in leaving free education on the table when it makes me more marketable .
  3. Meet my future husband. I will invest no time into men or relationships that will lead nowhere. My time is precious and a finite resource. Once invested, I can’t get it back. I will not settle, because consequences can last a lifetime.
  4. Buy a house. I will save for a 20% down payment. That will ensure the best rate and it will ensure I get a place I can afford the monthly payments. Because if I get it in a good location, it could be a lifetime investment.

Can you tell the differences between the first 2 lists? I don’t know if you can pick up on them, but I’ll say that everything on list #2 has been accomplished. I like my job, I graduated with my MBA in May, I’m married and I bought a house (not in that order ;P).

What’s your trick for keeping your eye on the ball?