Resilience is The New Black

Author: Vanessa Stoykov
Category: Financial Freedom

It seems every month when I stop and pause to think what I would like to share, the landscape has shifted so abruptly, that I better it get it out there fast before something else comes up! Since I last wrote about moving past the pandemic, we have grappled with the floods and the war in Ukraine. By the time many of you are reading it, we may well be dealing with something else. We are all resigned to uncertainty now, and perhaps it was a certainty that has always been an illusion.

One thing is for certain, when it comes to our coping with our lives, and our money, resilience is going to be a key factor when it comes to success. Without it, life will become harder and harder to navigate.

So what is resilience to you? Is it getting through having covid and getting on with it? Bouncing back from rejection? Coping with an unexpected bill? Finding a solution to someone else’s problem? Whatever it is for each of us, it means having guts, and the mental fortitude and strength to hang in there, and not give up, even when the going is tougher than tough.

No doubt baby boomers learned a thing or two about resilience from their parents about coping after war. We are seeing remarkable cases of resilience and human decency all over the globe on social media as people help other people. Sometimes complete strangers. And I can’t help but think, perhaps all this hardship will help to bring us closer together. Both in our own communities and as a global community as well. These displays of strength and resilience are both inspiring and serve as a reminder of how precious human life is, and how we should take care of it.

So when I extend my theme of resilience out to money, it works the same way. How can you personally plan to make sure your finances are resilient? Are you rebuilding your savings if you have had to spend them in covid? Have you thought about getting a will, or updating yours? Have you looked at your insurance policies? Are they what you need? Yes, I know this sounds boring.

However, this kind of focus on your finances, even one thing, will help you build a financial resilience to shocks down the track – because who knows what else is coming.

So think about your own resilience. Celebrate what you have dealt with so far, and think about who you have helped. As humans, we all need to make human connections and know we are making a difference to people.

It’s been tough and it may get tougher, but knowing we are strong enough to face whatever it is that comes next, is a good place to be. And making a continued effort, even after taking a hit, to reinforce your wall of resilience around money, no matter if it is one brick at a time.

While we are all in this together, more than ever life has shown us that we also have to take care of ourselves and our own families.

Make sure you feel comfortable with your plan B.

Until next time,

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Each day I wake up excited to inspire everyday people to open up and take control of their money, regardless of their history, goals, or savings amount. About Vanessa >>

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Authors

Vanessa Stoykov

Vanessa has been passionate about writing and storytelling since her days of hiding under the doona with her torch to read after bedtime.
Kathy Skantzos

Kathy is a yoga-loving world traveller who also happens to moonlight as a business journalist and writer. She was the finance editor of news.com.au and the Managing Editor of CEO Magazine (Asia) before joining Vanessa and the evo squad.
Shayne Sommer

Shayne is second dan black belt in karate, and a budding romance writer with a difference. Why? Because she writes romance stories that always have a money lesson.
Antoinette Colbran

Specialising in stories for 50+ women, Antoinette draws from her own experiences to help other women avoid the pitfalls and see the benefits of understanding their money situation.
Michael Crooks

Michael Crooks is a more than 20 year writer and documentary maker who has worked with Time Inc and the BBC, who wants to expose the truth from real victims of financial crime to help others avoid their mistakes.
Kim Payne

Kim Payne has spent the past three decades as a speaker, trainer, business coach, and consultant in financial services. She has worked with and transformed hundreds of brilliant, educated, high achievers who are chronically under-living.
Rebecca Pritchard

Rebecca Pritchard is on a mission to help men and women achieve equality when growing a family.
Antony Perring

Ant is a writer, designer and business builder with a love of food, design and good living. He writes on food and money in an easy to do way.
Julie Hyde

Julie Hyde is a leader of leaders. A disruptor and a powerful people enabler who empowers leaders to make big things happen.
Joshua Pennell

As a Dad to four kids and a business owner, Josh is passionate about family and finances and is known as The Family Finance Guy.
Sid Lal

Sid is a serial entrepreneur who set up his first business when he was still in University. Since 2009 he has been heading Bruce Clay, first in India & more recently in Australia.
Lou Johnson

Lou Johnson believes in the power of sharing stories to build empathy, understanding and connection. Growing up surrounded by books and storytelling, alongside her drive to make a difference led her to a highly successful career in book publishing.
David Rae

Dave is a CERTIFIED FINANCIAL PLANNER® professional and has been a financial adviser since 2003. He works with a range of clients and has a strong focus on ethical and sustainable investing.
Natallia Smith

Natallia specializes in assisting pre-retiree single women—whether they are never married, widowed, separated, or divorced—understanding deeply the importance of financial stability during life's pivotal moments such as separation, divorce, retirement, and the loss of a loved one.
Mark Hoy

With over 15 years of experience in financial services, Mark established Wollemi Wealth Management in 2013. His business is built almost entirely on referrals and word of mouth — a testament to the trust, integrity, and long-term relationships he forms with his clients.
Derek Gascoigne

Derek Gascoigne is the State Manager for UniSuper Advice in Victoria and Tasmania. Derek has been with UniSuper for over 15 years, and his career in superannuation and financial services spans 27 years and counting.
Annika Bradley

Annika Bradley is Head of Advice Strategy, Research & Technical at UniSuper. She brings over 20 years of experience across investments and wealth management in both the public and private sectors.
Wayne Leggett

Wayne has been a recipient of numerous industry awards and was one of the first to qualify as a Certified Financial Planner (CFP). He has been heavily involved in industry affairs at the highest level, including serving as national president of the Association of Financial Advisers (now FAAA).
Conrad Francis

Conrad Francis is the Founding Director of Inspired Money, a Perth-based financial coaching and financial planning, mortgage broking and money coaching firm he established in 2011.
Andrew Beks

Andrew Beks is a Chartered Accountant and the founder of Simplified Business and Accounting.