ResilienceDevelop a PlanDon NallsPatriot InvestmentManagement
HAVE A PLAN!“We never plan to fail, we just fail to plan.” -US Army ADAGE
This exercise provides you with anopportunity to develop a plan formaintaining your own resilience in a numberof areas of your life. The skills that we havebeen talking about apply to financial crises,but they also apply to all the otherchallenges you mat face on a daily basis.
As you develop and write your plan forbuilding resilience, ask yourself the followingquestions: Howcan I strengthen and build my connection to others?A support network is critical to adapting to difficult times. What does yours look like?
How should I change my thinking? Can I become optimistic? Move into seeing things in my life as temporary, both good and bad, rather than permanent? Less into playing the blame game, blaming myself or others for adverse events while remaining accountable? How can I improve planning and decision-making skills? Do I need to work on being more decisive?
How am I taking care of myself each day? Exercise? Financial health? Getting things done today rather than putting them off to tomorrow? What can I do to feel more confident and self-assured? Self-confidence is one of the best buffers against anxiety? How can I practice flexibility on a daily basis? Flexibility, being able to try a different way, is a key element of resilience. What are my goals for the future?