NZ Resilient

When I drafted the table of ‘risks versus responses’, being cashflow positive was a surprise addition for me.  In hindsight, all risks/hazards have some form of financial impact, either by requiring money to prepare (e.g. civil defence supplies, home insurance) and/or to respond (e.g. paying the excess on insurance claims). Staying cashflow positive over the long-term has been a major source of my readiness/resilience – it was how I paid for all the resilience responses that I’ve got. By writing this post, I identify some of the key lessons learnt about being cashflow positive over the last 30-odd years. I do this to understand the lessons I’ll carry forward. I’m conscious that everyone’s goals and circumstances are unique, so I offer it to you as (hopefully) motivational insight, not specific financial advice. For this article, ‘cashflow positive’ means that income exceeds cost-of-living on a monthly basis and yearly basis. Or in other terms that you have something left over at ...

This post outlines how resilience fits into my wider life, the hazards/risks I manage and how I address them. This post is an overview, with more detail to follow later. Resilience As Part Of Wider Life A resilient home supports a wider and fuller life, by protecting against specific shocks in life. The way I imagine this is as: My Risk Management Process My goal is to be ready for when the risk happens. As part of this, I Understand the impact of the risk happening e.g. what does it mean if the power is cut Decide what I will do in those circumstances Prepare supplies and skills Rehearse the response, and refine it until it is 'good enough' for me.   Key Terms Risk: A 'risk' is a threat/danger.    Response: A 'response' is how I will handle the Risk.  The Risks Being Managed  Here are the risks I want to be ready for and the responses concerned. This is not intended to be a inventory of all potential life risks, just the ones I consider realistic for my ...