Plan B
Wouldn't it be great if we all had youth, talent, time, swagger and wealth on our side? These attributes would aid greatly to increase our odds for a successful lifestyle. Unfortunately, since very few folk possess Kobe's basketball bravado, Chris Brown's electric charisma, Denzel's cinematic charm, or Nasir Jones's poetic prowess, it would probably benefit us all to discover a more carefully tailored back up plan to ensure our own bright futures. From time to time, I allow my mind to drift off onto euphoric mental excursions. My imagination takes me to a place where I am 100% debt free, I own a modest single family home with an enclosed deck and home theatre... plus (just for kicks) I push the new Porsche 911 Targa 4. I envision a world that welcomes me home to a loving wife, 2.5 children and 3 exotic fish. Then just as I lean in to greet my lovely wife and kids with a kiss, my dreams are interrupted by the harsh reality of life as I know it... as many of you also know it. My life, as it stands today consists of a job and a half. Sadly enough, if my luck suddenly were to plunge for the worse and God forbid I lost my full-time job, I'm ashamed to say that I don't have a solid fall back plan.
I think it goes without saying that a brotha would get on his immediate grind with hopes of securing a replacement occupation. Truth is, if something as tragic as that were to occur in my life today, I could not comfortably afford to maintain my current lifestyle for any significant period of time. I hope for your own sake that you're not in this same category. I pray that if you are, this blog raises your awareness to the fact that now is as good a time as any to start mapping out your "plan B". Do you have any sound investments, trades that generate additional funds, 401K or retirement funds, savings accounts, or even a reliable side hustle? If you do not have one or more of the aforementioned emergency exit strategies, NOW is the time to lay the foundation that will allow you to establish a nest egg fund. Especially considering the nation's current economic outlook, it is probably not advantageous to place all of your faith in your full-time job. The Bush administration has assured us all of one thing over the past 8 years ... the U.S. giveth and the U.S. taketh away. I'm no financial advisor, but I do know that it behooves us all to establish a bit of a financial cushion. That good old fashioned "paycheck to paycheck" way of living is played out. Take the time to research alternative measures to supplement your current income stream. Mr. Kanye West said it best "having money is not everything; not having it is". Start planning today for a more comfortable tomorrow and may your proverbial "cup" runneth over in such a way that you'll have room to pour out financial blessings to others.
Corey R.
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