Amen. I think those of us who have worked our way up from relatively little find it much easier to visualize losing it all than those who were born into wealth. At least, that’s my impression after spending time with many people on both sides.
I grew up poor as a kid and had a great childhood. I know that I will be fine i f we lose all of our wealth.
Trying to figure out how to install that sense into our children now is another problem entirely. I may take your suggestion of visualization a step further and do live scenarios to see how we cope.
Happy New Year David. Thank you for all that you do.