By Scott Spann
During the past year I’ve had the pleasure to get to know some amazing people who got punched in the mouth by life events in 2016. They shared one essential trait to help them persevere – resilience. Resilience is the ability to “roll with the punches” and deal with life events. From a personal finance perspective, here are a few key indicators that you have the resilience to prepare for the four-letter word “life” in 2017:
You have a financial life plan
The process of creating resolutions for change is very popular in the month of January, but it seldom results in lasting change. However, there is a big difference between a resolution and an authentic plan. As far as our personal finances are concerned, it takes more than strong resolve to navigate important decisions related to our money. You should never underestimate the importance of goal setting. Financially resilient people use goals to stay focused on what matters the most while preparing for the things that could potentially throw those plans off track.
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