So… apparently there’s a new app call “LegalFling,” which uses blockchain technology (a non-forgeable ledger system) to create a legally-binding agreement for having… the secks.
You basically tick off a bunch of secks acts you agree to have with another person, swipe, and then meet up somewhere to do the deed.
Because nothing sayz luvin’ quite like a legal bondage — I mean binding — contract.
How could this kind metoo-approved mobile app ever backfire?
I’m glad you asked.
In many ways, it’s exactly like risk tolerance questionnaires you get before agreeing to work with an investment advisor.
You’ve probably seen ‘em before if you’ve ever invested any money with… anybody.
It’s a questionnaire containing questions (duh) about a bunch of hypothetical scenarios. Your answers to those questions are used by the investment advisor to determine whether you’re a “conservative,” “moderate,” “moderately aggressive,” or “aggressive” investor.
The problem is…
You’re answering those questions while sitting down in a relaxed environment…
In a plush leather chair…
You probably have a nice hot cup of coffee while Kenny G plays Careless Whisper over the brokerage’s sound system.
In other words, it’s a SETUP.
If you want to know how you’d REALLY react during a financial catastrophe, then jump out of a plane with no parachute.
Moving on.
Most investment advisors I know use these questionnaires to build portfolios they think the client will like and feel comfortable with but… peoples’ attitudes often change when they’re under stress.
Like… I dunno… when the market loses 40% of its value in a month or so. Or… when bonds suddenly lose value right along with stocks, destroying the “strength” of your diversified “modern” portfolio.
Going from $1 million in savings to $600,000 does crazy things to normal people.
I dunno why, but it does.
I seen it happen.
People panic. They get depressed. Some people kill themselves.
They see their once-bright future slip away, like a one night stand gone terribly, horribly, wrong.
Like, if you’re a straight male and you use that LegalFling app to agree to some secks, and… then your date shows up and it’s really a man in a woman suit.
Or if you’re a woman who agrees to have a fling with a not-crazy dood and instead A CRAZY DUDE SHOWS UP and refuses to let you call the police or… continue living.
Anywho, no one wants to be screwed out of a bunch of money because they made a bad decision while under the influence of euphoria.
Which is why insurance exists.
Life insurance provides a safety net, and… if you set your financial plan up properly, you never have to worry about the rug being yanked out from under you.
It just won’t happen.
Ever.
So if’n that sort of thing interests you, then hop on my email list to learn more.