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How Much Weight Does That Bungee Cord Hold?

How Much Weight Does That Bungee Cord Hold?

February 11, 2022
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Have you ever been bungee jumping, or have you ever considered it?  When I was in College, I went to Panama City with friends for Spring Break and one day, the crew was on a mission to find an adventure.

I was a bit nervous as I am not a small individual and have never been one to take many risks but I didn't want to be the "party pooper," so I agreed to come along.  It was a beautiful day and we were young and carefree so I figured I would get over my fears and give it a go.

When we arrived at the site, the fact that we had to sign multiple documents waiving the adventure company of any liability did not help to ease my anxiety.  Before committing, I asked the instructor what the weight capacity was for the cords that they were using.  He replied, "these should be good for people under 300 pounds."  His response certainly gave me pause as I am 6'5" and at the time was weighing in at a "healthy" 285 pounds.  When I asked him to define "should," he told me that the heaviest person he had seen come through was about 250 pounds but that I need not be worried.  After hearing that, I opted to pass on the opportunity and decided that I would be the videographer for my buddies as they took the plunge.  My friends were all telling me things like "come on man" and "you only live once" but I wasn't having any part of it!

One by one, they made their jumps as I watched.  While I was happy for them and captured every moment on camera as they laughed and celebrated, I couldn't help but feel sorry for myself.  Afterwards, I remember thinking, "If only there would have been extra cords or safety measures available for an additional purchase so that I could have joined in on the experience."

Have you ever felt the kind of anxiety that I did on that day and has it prevented you from living the life that you desire?  Whether it be adventure activities, sports, travel, flying, etc.?

What about as it pertains to your financial world?

The idea of retiring one day is exciting but it can also be terrifying at the same time.  Do you ever ask yourself these questions?

  • Will I have enough money to meet my needs when the time comes?
  • Will Social Security cover my needed income?
  • My parents and grandparents retired with a Pension...if I don't have one, how will I get by?
  • How long will I live?
  • The stock market can be extremely volatile, will I retire at the "right" time?
  • What about healthcare related expenses?

What if you don't make it to retirement?  

Ben Franklin once said that "In this world, nothing can be said to be certain except death and taxes."  While we don't like to think about it, all of us will make an exit one day.  

Most of us file our taxes on time every year but let's not forget about the other sure thing.

If you have a spouse, partner, family or business who depend on you....

  • If you (and your income) were gone tomorrow, who would that affect the most and how would they be impacted financially?
  • How would your income be replaced?
  • If you have a mortgage, how would your remaining payments be covered?
  • Would your loved ones be able to keep the home?

While these concerns are quite valid and justified, fortunately you are not alone when it comes to addressing these potential pitfalls (and others).  When developing a financial plan, it is vitally important that you not just focus on investing and building a nest egg but that you prepare for the unknown.  

My professional practice is centered around helping people address these concerns.  After spending 25 Years on the corporate side of the insurance industry, I decided to branch out on my own to start an independent agency dedicated to helping individuals, families and small businesses understand and protect their income, asset and legacy needs.  If you are already working with a financial advisor or insurance professional, please consider your needs and ask about the various risk transfer strategies that may be available.  If I can ever be of service, please do not hesitate to reach out.

About Jamie

The Long Run - Women & Retirement

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