How Financial Preparedness Helps You Plan for the Unexpected

Sage Wealth Strategy is built on four founding principles: long-term thinking, tapping into infinite knowledge, empowering others, and making a generational impact. These core principles play a significant role in everything we do and the people we serve. In this blog post, we want to talk more about empowering others. More specifically, empowering others to take financial planning one step further and begin preparing.

Planning vs. Preparing: What’s the Difference?

One of the questions we get asked a lot is, “what does a wealth strategist do?” Many people liken a wealth strategist to a financial planner. While there are some similarities, each has a different purpose and end goal in mind.

Financial Planning

A financial planner tends to focus on just that—planning. Most financial planners concentrate on helping clients achieve their retirement goals using a predetermined pool of financial products. While planning for retirement is important, there are other parts of the equation that financial planners don’t take into consideration.

Financial Preparedness

Having a financial plan is essential, but you have to put it into action. A wealth strategist helps clients prepare for their financial future using actionable strategies and tools. More importantly, we empower our clients to take control of the banking function. Having a plan is great, but if that plan is just something written on a piece of paper, you’re in trouble. You need to actively prepare for the future and any surprises that may occur.

Let’s put this into perspective, shall we?

The entire world was thrown into chaos at the beginning of the coronavirus pandemic last year. Lockdown orders shut down businesses big and small, and unemployment skyrocketed. To say many people felt financial strain is an understatement. No one really saw it coming; many people were caught unprepared and without a backup plan.

That’s where financial preparedness comes into play. It’s all about preparing for the unexpected. Creating a warehouse of wealth that you control is the best way to safeguard your future. If and when the unforeseen happens, you’ll not only be in a better position to ride it out, but you’ll also be able to pursue new wealth-building opportunities.

Taking Advantage of the Chaos

If the pandemic has taught us anything, it’s that so many things in this world are beyond our control. Being proactive and taking control of the things we can control allows us to prepare for the what-ifs in life. Having money set aside that is safe, guaranteed, and liquid protects you from the chaos that follows an unexpected event. It also gives you the ability to take advantage of the opportunities that arise from that chaos.

When we say opportunities, we mean helping someone manage the fallout from an unexpected event by giving them what they need and getting something you want in return. For example, let’s say a landowner had a financial plan but wasn’t actively prepared for chaos. Now he needs money and is looking to sell his land to get it. The problem is, he can’t find anyone in a position to buy it. Now let’s say you’ve put financial preparedness into action and are looking for real estate investment opportunities. You have the funds to purchase the land, help out the landowner, and create a potential new revenue stream. It’s a win-win.

Helping You Prepare for the Unexpected

Whether the unexpected occurs or not, it pays to be prepared. Our team at Sage Wealth Strategy wants to empower you to understand and take control of the banking function. Doing so will help you take a theoretical plan and turn it into an actionable strategy that protects you from the unknown. Tune in to The Wade Borth Podcast and listen in as he takes a deep dive into what it means to prepare for the unexpected.

To learn how Sage Wealth Strategy can help you take the theoretical and move it into the practical, get in touch with Wade at (701) 793-3471 or

Learn how time, money, and purpose is paramount in securing your financial future.