Plan For The Worst Always

With a business background and running my own company along with building a number of others from the ground up I've had a lot of unique insights that many most likely don't have. I've worked with SaaS companies, general marketing and now crypto which crypto is my main focus.

There's a core fundamental which allows a company to survive and grow. Understanding this is not only critical for a company but I believe it applies to each and everyone of us. That's planning for the worst.

What Is Planning For The Worst?

It's simply thinking of the worst case (within some reason) and making sure you, your business or goals can still hit those targets. If you can't then that should be your first goal and to shore yourself up against those possible cases because trust me one of them is going to happen at some point in your life and most likely when you least suspect it.

What Might That Look Like?

I think for many they can look back at this week or maybe this year and see if they planned for the worst. To be honest with you the crypto markets have only slowly been turning south since November of 2021 and have continued to fall with of course some of those fake our rallies. We are at a rather low point in crypto and in stocks right now with most likely a further decrease incoming.

Things will most likely get worse here over the next few weeks or even months before they start getting better again. You could look at crypto being in a bear market now for about 7 or 8 months now and the stock market about 6 months. These types of things often seem to last 12 -18 months which will put us at this time next year before things might get better. That's a long time and something you need to consider very well happening

Why Do You Plan For The Worst?

Some people might say you're such a negative thinker and you have to always has a positive outlook. I think planning for the worst is having a very positive outlook that many don't see. By planning for the worst you're making sure your set even in the worst conditions you can reasonably think of. I say reasonably because the worst of the worst would be the world gets nuked and only a few people are alive and at that point all bets are off. We are not talking about that here. We are taking about if the economy goes into a recession hell even a depression.

If you can make ends meat and even thrive during the worst cases then just imagine the position you will find yourself in when markets rally. It's the core fundamentals that make for any good business or individual in terms of finances and could also be applied outside of finances for other areas of your life such as food, water, shelter etc.

Have you planned for the worst? Or is this your wakeup call to start doing so today?

Posted Using LeoFinance ^Beta