Fear of Losing Everything

What Keeps You Awake at Night?

 Fear of Losing Everything

Things are never lost to you; you are lost to them. If ever in need of a Thing that has lost you, simply stop hiding from it. The abundance of gone things, it’ll bury you.

We work all of our lives to save money and to buy and accumulate things.

It is what we do. Then suddenly, one day, it hits us that  for whatever reason we can and may lose it all.

There are a variety of reasons why and how this could happen.

  • Our bank fails and our savings is wiped out. It is true that many banks are federally secured. But some are not. And even those that are have limits. And if another Great Depression occurs all bets are off.
  • Someone breaks into our home and steals our valuables. It happens quite often and is devastating. Some things don’t matter, but others have a value that cannot be replaced.
  • Our home is destroyed by a hurricane, tornado, flooding or fire. Everything is lost. Insurance may replace the physical but our life long personal valuables can never be replaced. So long to photos, special gifts or whatever is close to our hearts,

So, suddenly we are thinking about what could happen and what we can lose.

We feel powerless to stop it. We can protect only so much and even with the best protective measures, they may not be enough. Our life’s work could be gone in an instant and sometimes we feel there is little we can do to stop it.

No person ever rose to greatness without the willingness to lose it all.

Actually there are things we can do to stop it. These are:

  • Live within our means. Do not take on debt we cannot afford to repay.
  • Do not invest your hard earned dollars foolishly. Find a good, competent, trustworthy financial advisor. Find your risk level and do not go crazy over the latest hot fad.
  • Always make sure you are saving. Putting away for the future is a good thing.
  • Do not loan money out to others. But, if you do, make sure that it is repaid on a timely basis. And make sure the person you lend it to is dependable. If they got in trouble because of bad decisions, what are the chances you will ever see your money?

Granted, even by doing all of these things you may still run into an emergency that taps some of your accumulated savings. But it shouldn’t be so catastrophic that it wipes you out.

When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost.

You must remember that you got to where you are by doing some right things. You may have taken some risks that paid off, but you also were careful with what you gained. Taking risks all of the time usually goes against you and what you win you can lose just as easily.

As we get older, we tend to become more risk aversive and a bit conservative with our investing and spending.

We also  tend to seek the council of money or financial managers who can help us to protect what we have.

That is probably a good route for one to take, especially if there is a fear that we may do something rash and risk losing a lot or all of what we have worked so hard to gain.

All is indeed not lost. And certainly there are steps that one can take to ensure that we keep and maintain our savings and possessions. We also need to watch out for scam artists who prey on vulnerable individuals and give them bad advice or take advantage and possessions along with their advice. Make sure the person or persons you are dealing with are reputable and have a great track record in advising people such as yourself.

I have two great people I deal with and am happy to share who they are and their contact information if you are interested.

There are many concerns we have some of which do keep us Awake at Night. This should not be one of them. Take the proper steps, and you can rest easy.

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