A one time financial plan is a quick fix ๐ง. My experience is that people want this to “say I have a plan!”
The truth is that Plan is worthless ๐ the second โฒ you walk out the door ๐ช.
Whyโ๏ธ ๐ It was built on guesses ๐ค and assumptions. ๐ The plan sits on a table or bookshelf and you don’t ๐ซ implement recommendations ๐ What if after the plan you decide to retire ๐earlierโ ๐ Have another child ๐ฃโ ๐ Get sick ๐คโ ๐ Then you have to redo your plan. But you probably won’t.
The ONGOING PROCESS of Planning reinforces: ๐ Progress ๐ฑโก๏ธ๐ณ ๐ Adaptability ๐ฆ ๐ Embraces change ๐โก๏ธ๐ฆ ๐ Deepens relationship between advisor & client ๐ชข ๐ Helps hold clients accountable ๐งฎ as meetings happen regularly ๐
๐๐๐ THE VALUE IS IN THE PROCESS OF PLANNING NOT THE PLAN ITSELF ๐๐๐
โ๏ธIf a one time plan or an ongoing relationship cost the same, which would you chooseโ๏ธ
The truth is that Plan is worthless ๐ the second โฒ you walk out the door ๐ช.
Whyโ๏ธ
๐ It was built on guesses ๐ค and assumptions.
๐ The plan sits on a table or bookshelf and you don’t ๐ซ implement recommendations
๐ What if after the plan you decide to retire ๐earlierโ
๐ Have another child ๐ฃโ
๐ Get sick ๐คโ
๐ Then you have to redo your plan. But you probably won’t.
The ONGOING PROCESS of Planning reinforces:
๐ Progress ๐ฑโก๏ธ๐ณ
๐ Adaptability ๐ฆ
๐ Embraces change ๐โก๏ธ๐ฆ
๐ Deepens relationship between advisor & client ๐ชข
๐ Helps hold clients accountable ๐งฎ as meetings happen regularly ๐
๐๐๐ THE VALUE IS IN THE PROCESS OF PLANNING NOT THE PLAN ITSELF ๐๐๐
โ๏ธIf a one time plan or an ongoing relationship cost the same, which would you chooseโ๏ธ
๐ Click & Follow #YourFinancialConcierge
#mangement #personaldevelopment