The Importance of Doing What You Know You Should

We talk a lot here at Saving Advice about the things you “should” do. Make a will and keep it updated, keep your financial affairs in order, plan for the succession/sale of any businesses you might own, get life insurance, arrange for your healthcare in the event you’re incapacitated, and generally plan for the future so that you, your loved ones, and your assets are protected in the event something happens to you. These are things we all “should” do.

Yet few of us actually do these things. We live in a constant state of denial that bad things can happen to us. We think we have plenty of time to make up that will, to handle our business affairs, or draw up that

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8 Responses to The Importance of Doing What You Know You Should

  1. Sammy says:

    Everything you wrote is so true. It usually takes a disaster to open our eyes.

  2. Miranda says:

    Great post. I compelling reminder that TODAY is the day. I think it’s time for my husband and I to make our will…

  3. Alain Theriault says:

    Great post. I posted something similar the other day. I think you should enjoy life without going in debts of course.

    Here’s the link to the article.
    http://moneysharp.blogspot.com/2008/11/saving-is-good-but-what-about-spending.html

    The harsh truth is that more and more people die of cancer. Plus you’re starting to see it more when people are in their 50′s to 60′s.

  4. Estate planing is easy to put off. First, it’s depressing to contemplate your own death. I think most people are conscious of that hindrance. But the second reason is that you won’t be around to deal with it (that’s probably not something we’d admit to being aware of, but it is real).
    If you really want to prevent disaster for your family, there never is a better day than today. I know I slept better, for pretty short money and limited time, getting this together for my family.

  5. Aviator says:

    OK, I’m going to go out on a limb and express an opinion that may not be well suited to a financial blog.

    My belief is that our health, above everything else, determines the quality of our life and that of our loved ones. While financial planning is important, planning for good health is even more important. I have to ask if Mark, the 46 year old who died of heart attack, had regular checkups and whether he heeded the advice of his physicians.

    I’m very cognizant of uncontrollable sickness, disease that can strike and kill even the healthiest of the healthy. But Americans in general are not healthy as we could be, and much of that can be traced to lifestyle.

    Death is inevitable and I do believe in proper planning. But sometimes, I think, not enough emphasis is placed on remaining healthy for as long as possible.

  6. My father had always made it clear what circumstances he did not want to live under. Still, he put a living will in place before a minor heart procedure, so when he had a stroke three years later, we were not faced with any doubt. The supervising physician was grateful for the clarity and very supportive. He wrote my mother a letter a month after my father died – apparently he himself was dying of cancer and told us that he hoped he was leaving his family in the same state of agreement and understanding as my father had left us.

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