How to Money30 Nov 2022

Forging Financial Flexibility in an Uneasy Economy #599

Flexibility is a characteristic that will serve you well! This reminded Joel of his summer beach trip with his family to Tybee Island. Shortly after they left, there was a massive swarm of jellyfish that meant beachgoers couldn’t even get in the water. Lifeguards treated around 300 visitors for jellyfish stings in a single weekend. And while that would’ve been a bummer if you were wanting to spend some time in the ocean, it didn’t mean that you couldn’t have any fun in the sun. It just would’ve meant more time playing bocce or spikeball! And we believe the same is true when it comes to our money. Just like you might need to adapt your vacation plans if jellyfish have taken over the water, seeing the current trends can help us optimize our decisions and avoid unnecessary financial pain. And while it’s always good to strive for financial flexibility, we think this is even more important today given the incredible amount of change that we’ve seen impact markets over the past two years. So listen as we lay out some scenarios that highlight the benefits of flexibility, as well as practical steps that’ll allow you to achieve a higher degree of financial flexibility.

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