Growing up on a farm, machinery broke down. Alot.Sometimes from over use and poor crop years where you had to stretch it out until a bonanza crop next year, hopefully, when you could upgrade.
Just trotting down to the farm parts store was not always an option money wise or time wise. It's going to rain, or snow and the last of the crop is going to stay there ruined if we don't get it harvested today..in the next few hours. That makes a person realistic, aware of the weather, the stakes and odds when you survive to make a living based on the market failure somewhere else. So how does growing up being resourceful with duct tape, bailing twine and wire spill over into day to day living as Joe Realtor?
I teach my kids when mowing a lawn at a property we have for sale to make extra money for college summers, to plan on the event the mower broke, or the weather caused a delay in getting the job done.One large lawn that two of them tackled until sold this summer was one where you let them know if the machine died after a half hour of mowing, which half hour of mowing is most critical, most return for the time in appearance of the place? They start on the front lawn, not the hidden back lawn and plan on delays, setbacks going into it. NASA workers must have the same trouble shooting approach to cover the what if's rather than assume everything will go smooth as silk, easy as pie. System analysts for computer networks, communication grids have back ups, lots of them and redundancy protocol all in place before the event happens.
Do you build into your day to day contingency plans, not where you worry sick about this or that but calmly know it can happen, and if it does, what did you do just in case? Starting out in real estate in Maine back in 1980 during a time of 16% interest makes you appreciate the easy markets, and plan for the valleys. You've been thru the pattern over and over of up and down and save for those rainy days, expect them and realize how to get thru them easily without whining, groaning, stressing.