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Belle of the Ranch

Let's talk about why you have insurance and a savings account....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 28 April 2020

⏱️ 10 minutes

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Transcript

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0:00.0

Well, howdy there internet people, it's about again.

0:04.0

So today we're going to reframe something.

0:06.8

We're going to try to.

0:07.4

We're going to think about it in a different way,

0:09.4

because I did that two-part thing on emergency preparedness and there were two very common comments

0:17.5

in the comment section.

0:20.9

One was where are we going and we'll get to that that one's easy to explain the other one is why why should I do this

0:28.9

Part of that is the idea of

0:31.5

It's never going to happen here. Which is funny because one of the people, and I warned

0:38.4

him I was going to make fun of this, said that, you know, you seem so rational about every other topic except for this one.

0:47.0

It can happen here thinking that it can't or that you may never be faced with an emergency, that might

0:56.2

be a little irrational.

1:00.2

However, I can't say that I really blame the association of emergency preparedness and being irrational, because a large community within those who like to be prepared

1:17.0

are less than rational about some things. So it's a fair association. However, that doesn't mean that the

1:27.8

behavior itself is irrational. Taking it to an unjustified extreme is.

1:33.8

You don't have to start reading outlets that talk about the UN

1:39.4

and black helicopters if, just because you know you put back some extra food.

1:48.0

So we're gonna reframe the way we think about this.

1:50.4

Rather than thinking of it as emergency preparedness or prepping, it is insurance and a

1:56.3

savings account. You have homeowners insurance, right? If you own a home, do I would imagine. Why? Most of the things covered for the loss of your home anyway. Those are extreme scenarios.

2:13.7

They're not really that likely to happen.

2:17.0

However, it's a big loss if it does.

...

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