Hello, everybody! Kevin Wright here from the Big Apple. I've decided to start blogging about my adventure in NYC. Now, back to the title. What does that mean? What is an "Exit Strategy?"
Simply put, an exit strategy is something in which you seek to exit the situation you're currently in. Why is an exit strategy important while planning for a move?
Firstly, you may not always move with as much money as you might need. The sweet spot it seems is to move with $10,000. I moved with only $1,000. Smart? Maybe not. But its the amount i decided i would move with. You must figure out what amount you would like to move with. $100? $500? $1000? $15,000? Figure out your desired amount and engrave that to memory.
Secondly, things may fall through. Your bank may be cleared out from an attempted hack. You could get your personal effects stolen. A backpack or a purse holds debit cards and credit cards and a split second is all someone may need to swipe your stuff.
Finally, Have a way to pull yourself out. If for whatever reason, you cant make it in the city you've moved to - in my case, New York City - I dont want to be homeless. Giant metropolises are the worst place to go homeless in. My exit strategy involves my mom buying a train ticket for me to leave the next day if something happens with the place I'm staying at now.
When planning your exit strategy, it doesnt just have to involve you. Involve anyone who wants to be involved in your move. Parents, siblings, grandparents, friends. They all truly care about you and will pull you out if need be.
The exit strategy is a last ditch effort to save yourself before you drown. Think of it as a chain connected to the cage protecting divers from sharks. If something happens they yank on the chain and pull the divers back up to safety.
You never want to enact your exit strategy and something may happen to where you never have you worry about it. But for the sake of sanity - and safety - when planning a move, always plan a way to get out of the move.
