There is a 100% probability that you and I are going to face death one day. Our mortality is a fact we don’t like to face, and often do little to prepare for until it’s too late. In fact, caring.com did a study in 2021 and found that 67% of American adults don’t even have a will.

Mary Beth Simon was preparing to retire from a 31 year career at Vanguard when her friend, Sue was diagnosed with pancreatic cancer. Sue asked Mary Beth to help her husband navigate the beneficiary process if she didn’t survive. Sue eventually passed away, and Mary Beth spent 3 months working with Sue’s husband to recreate their entire financial landscape. You see, Sue managed the finances and investments, not her husband. The pain of watching her friend pass on, and the pain of putting the pieces together of an entire life made Mary Beth realize that we all need to do a better job empowering our loved ones and business partners to take over for us in our absence.

Don’t miss this incredibly important interview it could save your family and your business.

TIME JUMPS FOR THE BUSY AND OVER-COMMITTED

00:00 Mark’s personal true story, why this episode is so relevant03:22 Two-thirds of all American adults don’t have a contingency plan and WHY05:16 The price of not having a contingency or estate plan05:25 What’s the price of them not doing it?06:28 The benefits of having a contingency plan08:00 The people who prepare – this is what they are like08:57 The people who prepare – this is what they all have in common09:28 The AWARE contingency planning framework for our personal lives11:00 The COPE framework for business continuity12:48 The complete everything checklist14:08 Annual reviews – when to do them14:29 Digital or physical storage17:53 The largest obstacles for getting started…and finishing19:13 The password book20:28 The second in command – What qualities should they have?22:05 The contingency plan in action – it really works23:46 Resources Mary Beth offers free and otherwise24:45 Your next three moves26:39 Speed Round31:48 The one secret of success32:23 The greatest lesson from life and business33:06 If Mary Beth could offer one bit of advice to the world33:59 Mary Beth’s final thoughts34:32 Where people can find and connect with Mary Beth online

To connect with Mary Beth:

Website: https://nichepartnershipconsulting.net LinkedIn: https://www.linkedin.com/in/mary-beth-simon-npc/Email: [email protected]

To connect with Mark Botros:

https://linktr.ee/markbotros

Music Credit(s):

Intro and Outro: “Fond Memories” – SYBS

Photo and Media Credit(s):

* Mary Beth Simon* Karolina Grabowska* Pexels* Pixabay* Freak* Pch.vector* Dooder* CityXcape* Aghyad Najar* Engin Akyurt* Olia Danilevich* Anastasia Shuraeva* Kindel Media* Yaroslav Shuraev* Roman Odintsov* Taryn Elliot* SwissHumanity* Ivan Khmelyuk* Thirdman* Mego-Studio

Attribution Links

Medical vector created by freepik – www.freepik.comPeople vector created by pch.vector – www.freepik.comBackground vector created by dooder – www.freepik.comWater photo created by mego-studio – www.freepik.com