Another implication of our unique time horizon defaults is that some people are more likely to be intentional about their future and some more likely to be reactive. In other words, some people let their circumstances plan their future and some are more likely to create their circumstances.
What happens beyond financial planning varies widely from organization to organization. There are at least five different planning philosophies organizations use
…. is being prepared worth the cost and effort? Does it really make sense to give attention to those rare but potentially devastating unplanned circumstances?
