Mastering Risk

The Purpose of Preparedness


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There are a range of preparedness specific goals and missions. From those who ascribe to cataclysmic societal outcomes requiring a considerable investment of resources, or those who simply seek a slightly more favourable insurance coverage, we are executing in the preparedness space. Your purchase of coverage against hazards in the form of disability, life, automobile, tenant, fire, and contents insurance are all preparedness measures. The budget allocation of an emergency fund of several months expenses and continuing your education while employed are both notable preparedness actions. The former protects against immediate pain and the later prepares you to pivot to an alternate line of employment.

Preparedness is not a mystical activity for doomsday, but an active ongoing consideration for everyone.

An approach I champion is to frame your preparedness strategy as the insurance plan for your goals and dreams. If you clearly articulate what it is you’d like to achieve, in specifics, that facilitates the strategic roadmap. This is the plan you create to get from here to your goal. while simplistic in nature, many fester at this point, they can express what they desire, but the pathway to reach it is unclear. By creating a plan to achieve your strategy, to reach your goal, you’ve delineated what must be protected.

Then all that remains is a series of questions on what might derail this idea and what must I do to mitigate against that event’s ability to alter my plan to reach my goal. Those actions derived from these questions in your preparedness strategy. Go forth and get your piece of the pie, wrapped in a blanket of preparedness insulation.

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Mastering RiskBy Dr. Jeff Donaldson, CD


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