Broker Check
Will It Be Me?

Will It Be Me?

| December 19, 2019

It’s Christmas Eve night, and the location is Kings College Chapel in Cambridge, England. The Chapel Boys’ Choir has taken their spots, and the candles are lit with 370 Million television viewers waiting for that first note.

As is tradition year after year, the opening carol, “Once in Royal David’s City,” begins with one single solo voice. It’s a beautiful chance for the viewers to set their hearts to the Christmas spirit, but for the boys in the choir, it’s a terrifying moment because the boys don’t know who sings the solo until just seconds before the broadcast starts.

Every boy in the choir is thinking, “Will it be me?” then the director points one to come forward just moments before the cameras go live.

So what does a musical solo, in particular, the opening solo from the Kings College Chapel Boys’ Choir, have to do with finances and your financial future?

To start, when you’re the soloist, the pressure is on. You’re by yourself, on an island with all eyes on the single person of you, and for that moment in time, you are the show!

Just like the pressure on the soloist, an income earner bears a lot of burden to produce income with abundance and consistency. There’s only one you, and you aren’t replaceable.

Second, the boys’ choir example shows us the impact of the unknown. What do you mean? Well, it’s a huge honor to be selected for the boys’ choir in the first place, and all of them are musicians with significant talent, but only one unknown boy is chosen for the solo. If any one boy can be chosen for the solo, everyone must prepare.

Income is important, as a matter of fact, probably the most important factor in reaching financial goals. So what happens if the unknown and unexpected occurs? Would it be better to prepare for it in advance or just wing it? The boys prepare in the form of practice, practice, and even more practice, but there is no amount of practice that can make sure our income continues, so we prepare by making wise financial decisions.

When it comes to risk management and insurance, I’ve heard it said that the number one rule of insurance is to insure those things that would have the greatest impact. Is it a $40,000 car, a $350,000 house, or a full and healthy career valued in the millions that would have the greatest impact if loss occurred?

So this Christmas season, look for the Kings College Chapel Boys’ Choir on television, and when you hear that single note of the boy singing “Once In Royal David’s City,” think about how he learned just moments before that he would be the one in the spotlight. Then once you’ve filled your heart with Christmas spirit, think also about how you and your clients can take a cue from the boys’ choir and prepare thoughtfully for the unexpected.