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Flash Floods
Manage episode 358953990 series 3367604
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We’re more likely to face an extreme financial event than we believe.
In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we never exactly know the “what” or the “when.” Faced with this uncertainty, we’d tend to avoid thinking through different worst-case scenarios involving our money.
But as in a flash flood, relying on “higher ground” can help to minimize the disruption to our lives. And with our finances, higher ground can be found in room for error and room for disappointment. Room for error requires prudence when our financial lives feel stable. Room for disappointment, meanwhile, requires us to make financial choices that emphatically reflect our values and priorities.
Welcome to Financially Well, the finance podcast for Millennials.
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