Mental Toughness allows a competitor to better cope with challenging demands. It’s a term used a lot in sports by coaches and commentators but it also applies to business, the military, law enforcement or any demanding activity. To be mentally tough is to be more consistent and better than your opponents in remaining determined, focused, confident and in control under pressure.
Success in business and personal finance is not just about material resources; it requires psychological preparedness. Mental toughness skills are used in dealing with the stress of strong economic competition, recovering from mistakes quickly, determining strategies to face difficult situations, adjusting to changing circumstances and staying positive.
The most important aspect of mental toughness is that it is developed through consistent effort and progressive challenges. Rigorous training of the mind and body over a long period of time leads to mental toughness and success on the playing field of life. Making hard decisions, investing the resources to prepare for and facing ones inevitable death requires mental toughness. An Estate Planning War Chest is not built and filled in a day. It takes years of planning and dedication to secure preparedness for anything that might threaten your family, including unexpected death or disability.