Many overweight smokers know what they need to do in order to become healthy, but do not do it. Most people that are smokers don’t suffer from a lack of knowledge that smoking is bad for them. Most people that are overweight already know that there are health risks associated with being overweight. In both of these cases, a lack of knowledge is not the issue. Similarly, beating overweight smokers over the head with information about the health risks of their lifestyle isn’t very likely to make them change. This phenomenon applies to our financial life also.
Financial emergencies are an unfortunate part of life. No matter how hard we try, it is inevitable that something will blindside us at some juncture in our life. Chances are that it will be many things blindsiding us at many points throughout the tenure of our life. The thing that is important for people to understand is that the way we address these emergencies will determine whether they become catastrophes.