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Why Building Slack in Your Financial Life is Essential for Success and Happiness

In a world where we're constantly bombarded with messages to be more productive, achieve more, and do more, it can be easy to overlook the importance of building slack in our lives. But what exactly is slack, and why is it so essential for success and happiness?

Simply put, slack is having room for surprises, setbacks, and emergencies. It's about creating space in our financial, personal, and professional lives to allow for the unexpected and to have the flexibility to adapt to change. Whether it's having a robust emergency fund, a solid financial plan, or strong personal relationships to fall back on, building slack can help us navigate life's ups and downs with greater resilience and grace. 

In this post, we'll explore the benefits of building slack and offer practical strategies for creating it in your life. Whether you're looking to improve your financial well-being, strengthen your relationships, or increase your personal and professional resilience, this post has something for you. 

So, why is building slack so important? For starters, it helps us better prepare for the unexpected. Life is full of surprises, and having slack in our financial and personal lives can help us navigate them with greater ease. For example, having a solid emergency fund can provide a financial cushion when unexpected expenses arise, while strong personal relationships can provide emotional support when we're facing challenges. 

Building slack can also improve our financial well-being. By having a solid financial plan in place, we can better manage our money and make more informed decisions about our spending and saving. This can help us achieve our financial goals and improve our overall financial stability. 

In addition to these practical benefits, building slack can also improve our mental and emotional well-being. When we have the space to adapt to change and navigate setbacks, we're less likely to feel overwhelmed and stressed. This can help us feel more confident and in control of our lives, which can lead to greater happiness and satisfaction. 

In a world that often demands more from us, building slack can be a powerful way to increase our resilience, adaptability, and overall well-being. By creating room for surprises, setbacks, and emergencies in our financial and personal lives, we can better navigate life's ups and downs with grace and ease. So, take some time to assess where you can build slack in your life, and start taking steps today to create the space you need to thrive.

The commentary on this website reflects the personal opinions, viewpoints and analyses of the Ascend Investment Partners employees providing such comments, and should not be regarded as a description of advisory services provided by Kesler, Norman & Wride, LLC dba Ascend Investment Partners or performance returns of any Ascend Investment Partners Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Ascend Investment Partners manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. 

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