Ten Most Common Wealth Accumulation & Financial Planning Mistakes

Ten Most Common Wealth Accumulation & Financial Planning Mistakes

If your goal is to be financially unbreakable you want to avoid these 10 common mistakes. Procrastination. This is the biggest money mistake of all – putting off until tomorrow what should have been done yesterday. This is simply financial suicide on the installment plan. Failure to Establish an Overall Structure, Philosophy, or Process for […]

Every Takeoff is Optional, Every Landing is Mandatory – Part 1

Every takeoff is optional

Every Takeoff is Optional, Every Landing is Mandatory – Part 1

There is a saying among pilots and aviation enthusiasts: “Every takeoff is optional, every landing is mandatory.” Financial planning is no different. Every opportunity must be scrutinized but the end result – maintaining a lifestyle to which you are accustomed and that meets your basic needs — is essential.       If your portfolio […]

Volatility vs Risk: Don’t Mix Them Up!

Volatility vs Risk: Don’t Mix Them Up!

Volatility is not the same as risk. Let me be clear, volatility is not the same as risk. Financial people like to equate the two because it’s easier to sell something if you say, “It’s volatile,” vs “There is some risk.” Volatility is when the value of something fluctuates in an unpredictable way. The greater […]

Every take off is optional, every landing is mandatory – Part 2

Every take off is optional, every landing is mandatory – Part 2

Real World Financial & Risk Planning Isn’t Simple Math All financial planning is a reflection of most common real-world planning problems. It’s about the allocation of limited resources in the face of an uncertain future. Another term for this is risk management. Like all successful and sustainable systems or processes, proper financial planning is a result of dichotomous ideas […]

The Three Core Principles of Investment, Financial, & Benefit Planning

The Three Core Principles of Investment, Financial, & Benefit Planning

Begin by protecting what you most need and value: Define your “risk of ruin”. Identify the risk of ruin factors. Utilize reasonable risk containment measures. Through appropriate risk transfer planning, reduce the risk of ruin to as near 0 as possible. From now on, when making any decision regarding a product or strategy: Determine the […]

Effectiveness Vs Efficiency in Financial Planning

Effectiveness Vs Efficiency in Financial Planning

Order, sequence, precedence, priority. Whatever your discipline, whatever areas you choose to be an expert at, to ensure or maximize the chances of success there is an order of operations. Whether you are a chef, pour concrete, develop software, or fly aircraft, you know that doing things in their proper order is critical. In construction, […]

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