Personal Finance

What is your ‘Plan Z’ ?

Plan_ZWe all have a plan ‘A’ for life, and maybe even a plan ‘B’. But knowing what your “Plan Z”, or last resort option, can help motivate you to go after what you really want from life.

Visualizing the negatives gives you a stronger appreciation for what you already have, such as loved ones, good health, or a home. It helps you focus on what you really want out of life.

For example, my ‘Plan Z’ would be to sell most of what I own and settle in some small costal town. Since I really, really don’t want to do this, it motivates me to save as much money as I can so I have funds to fall back on if something really bad happens with me or with my business.

With a ‘Plan Z’ in place, you’ll feel more secure in starting your own business or pivoting your career. You know you have an option you can count on if you fail.

You certainly don’t want to spend all your time thinking about negative possibilities, but a few minutes each day or a few times a week will help to make you happy for what gifts you actually have in life.


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