Broker Check

The Process of Planning > The Plan

| May 17, 2021
A one time financial plan is a quick fix ๐Ÿ”ง. My experience is that people want this to “say I have a plan!”

The truth is that Plan is worthless ๐Ÿ“‰ the second โฒ you walk out the door ๐Ÿšช.

Whyโ‰๏ธ
๐Ÿ“„ It was built on guesses ๐Ÿค” and assumptions.
๐Ÿ“„ The plan sits on a table or bookshelf and you don’t ๐Ÿšซ implement recommendations
๐Ÿ“„ What if after the plan you decide to retire ๐Ÿ–earlierโ”
๐Ÿ“„ Have another child ๐Ÿฃโ”
๐Ÿ“„ Get sick ๐Ÿค’โ”
๐Ÿ›‘ Then you have to redo your plan. But you probably won’t.

The ONGOING PROCESS of Planning reinforces:
๐Ÿ” Progress ๐ŸŒฑโžก๏ธ๐ŸŒณ
๐Ÿ” Adaptability ๐ŸฆŽ
๐Ÿ” Embraces change ๐Ÿ›โžก๏ธ๐Ÿฆ‹
๐Ÿ” Deepens relationship between advisor & client ๐Ÿชข
๐Ÿ” Helps hold clients accountable ๐Ÿงฎ as meetings happen regularly ๐Ÿ“†

๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž THE VALUE IS IN THE PROCESS OF PLANNING NOT THE PLAN ITSELF ๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž

โ‰๏ธIf a one time plan or an ongoing relationship cost the same, which would you chooseโ‰๏ธ

๐Ÿ‘‰ Click & Follow #YourFinancialConcierge

#mangement #personaldevelopment

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