Podcast: Play in new window | Download
Subscribe: RSS
There is a 100% probability that you and I are going to face death one day. Our mortality is a fact we don’t like to face, and often do little to prepare for until it’s too late. In fact, caring.com did a study in 2021 and found that 67% of American adults don’t even have a will.
Mary Beth Simon was preparing to retire from a 31 year career at Vanguard when her friend, Sue was diagnosed with pancreatic cancer. Sue asked Mary Beth to help her husband navigate the beneficiary process if she didn’t survive. Sue eventually passed away, and Mary Beth spent 3 months working with Sue’s husband to recreate their entire financial landscape. You see, Sue managed the finances and investments, not her husband. The pain of watching her friend pass on, and the pain of putting the pieces together of an entire life made Mary Beth realize that we all need to do a better job empowering our loved ones and business partners to take over for us in our absence.
Don’t miss this incredibly important interview it could save your family and your business.
TIME JUMPS FOR THE BUSY AND OVER-COMMITTED
00:00 Mark’s personal true story, why this episode is so relevant
03:22 Two-thirds of all American adults don’t have a contingency plan and WHY
05:16 The price of not having a contingency or estate plan
05:25 What’s the price of them not doing it?
06:28 The benefits of having a contingency plan
08:00 The people who prepare – this is what they are like
08:57 The people who prepare – this is what they all have in common
09:28 The AWARE contingency planning framework for our personal lives
11:00 The COPE framework for business continuity
12:48 The complete everything checklist
14:08 Annual reviews – when to do them
14:29 Digital or physical storage
17:53 The largest obstacles for getting started…and finishing
19:13 The password book
20:28 The second in command – What qualities should they have?
22:05 The contingency plan in action – it really works
23:46 Resources Mary Beth offers free and otherwise
24:45 Your next three moves
26:39 Speed Round
31:48 The one secret of success
32:23 The greatest lesson from life and business
33:06 If Mary Beth could offer one bit of advice to the world
33:59 Mary Beth’s final thoughts
34:32 Where people can find and connect with Mary Beth online
To connect with Mary Beth:
Website: https://nichepartnershipconsulting.net
LinkedIn: https://www.linkedin.com/in/mary-beth-simon-npc/
Email: mbs@nichepartnershipconsulting.net
To connect with Mark Botros:
Music Credit(s):
Intro and Outro: “Fond Memories” – SYBS
Photo and Media Credit(s):
- Mary Beth Simon
- Karolina Grabowska
- Pexels
- Pixabay
- Freak
- Pch.vector
- Dooder
- CityXcape
- Aghyad Najar
- Engin Akyurt
- Olia Danilevich
- Anastasia Shuraeva
- Kindel Media
- Yaroslav Shuraev
- Roman Odintsov
- Taryn Elliot
- SwissHumanity
- Ivan Khmelyuk
- Thirdman
- Mego-Studio
Attribution Links
Medical vector created by freepik – www.freepik.com
People vector created by pch.vector – www.freepik.com
Background vector created by dooder – www.freepik.com
Water photo created by mego-studio – www.freepik.com