Weekend Reading: Are You Prepared For Your Financial Failure?

This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend reading preparing for financial failure Weekend reading preparing for financial failure

Weekend Reading

Did you know envisioning negative outcomes can actually pave the way for success and resilience?

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It's a counterintuitive but powerful strategy for both personal growth and financial planning.

The idea is to mentally rehearse your biggest fears – like a market crash decimating your retirement savings, or a difficult conversation with a loved one going poorly. By facing the worst-case scenario head-on, you can prepare for potential setbacks, make better decisions under pressure, and ultimately achieve your goals.

This approach applies to investing, personal relationships, career challenges, and even preparing for the unexpected in life.