Predicting the financial future is exceedingly difficult. Many complex, contingent factors and possibilities come into play, so that your picture of what may be ahead is bound to be adjusted by events you may never contemplate or imagine.
Only politicians are certain they can foresee and plan the future. We know how successful they are if we have our eyes open.
The solution? Be flexible. Prepare for various possibilities. Human economists are often wrong and are susceptible to extremes of optimism and pessimism. Flexibility enables you to make necessary changes to suit events as they occur.
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