11: Imagining Your Worst-Case Scenario

How much wisdom is in the old saying, “plan for the worst, but hope for best”? In this episode, Julien and Kiersten Saunders (@richandregular) argue against our cultural staple of indefinite optimism. There is now enough data to suggest that most working-age American’s financial forecast should include plans for a sudden job loss or significant disruption income. Nobody likes to imagine the worst case scenario, but it may be the key to building financial resilience.

We cover:

• Income volatility and the probability working-age American’s income is likely to be disrupted
• The most vulnerable demographic groups for wage stagnation
• What the ‘Two Income Trap’ is
• How to practice pessimism in the short-term and the long-term

Full show notes and resources can be found here: www.richandregular.com/listen

Connect with us in the Success Achievers Community where we host monthly training on a range of topics! It’s completely free to join and there are opportunities for networking, courses and special events. Visit: www.richandregular.com/achievers

This episode is sponsored by BELAY. Text the word SUCCESS to 55123 for your free download from BELAY or visit belaysolutions.com/success

See omnystudio.com/listener for privacy information.

Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.
Join our email list to get updates from us, opportunities for discounts, freebies and a quick rundown on the relevant financial and career news impacting your life.

Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes
If you would like to learn more about investing, check out our newest class, Making Money Grow