Your Playbook For Overcoming Uncertainty

It seems that uncertainty is the focus for this year with municipal, provincial, federal, and international changes taking place. The fact of the matter is that uncertainty is the one constant in life. Humans deal with uncertainty every single day. How surprised would you be at discovering how incredibly adaptable, resilient, and resourceful you are in overcoming uncertainty?

I remember a workshop leader explaining the game of life using the analogy of a hockey game. It’s a game designed with offensive players to score while defensive players protect. Most notably, you can’t win by playing only defense. Imagine watching a hockey game with no offense: players would just be standing there. In the words of Wayne Gretzky: You miss 100% of the shots you don’t take.

Taking this analogy into the world of business and finance and real estate investing, building and growing your wealth takes place with a combination of carefully orchestrated offensive maneuvers while mitigating as much downside through defensive strategies.

Every team has a playbook from little league to the big league, like a business plan for winning including contingency plans for both expected and unexpected losses. Playbooks are updated regularly. What worked last year may need to be revised a little or a lot. Your playbook is the guide to help you score more wins than losses.

Denzel Washington aptly states that “Dreams without goals are just dreams and they ultimately fuel disappointment” unless you have daily, monthly, yearly, simple goals. Dreams won’t move you towards your goal unless you take action.

Here are some practical resources that you can download for free to get your playbook started from a free rental property cash flow analysis template to a retirement calculator or home affordability calculator or budget calculator. Better yet, use these tools with your playmates; practice as a team to help each other build confidence, competence, and financial literacy.

Accredited investors are like professional hockey players. They’ve been practicing and honing their skills with these financial tools for a long time. More importantly, they’ve put their financial playbook into action and out of experience comes wisdom.