Let’s talk for a minute about the different approaches to your savings. I would like you to think about how you came to the decision or if you haven’t yet put together a plan, where you go for advice?
I started thinking about this issue this morning after hearing about a client that passed away suddenly. We had put together the outline of what he was going to do but had not yet completed all the initial steps. This is not my first experience with this and I’m sure every financial person has a similar story. The point is…. until you have your foundation and frame built, you are running the risk of leaving those you care about with limited options.
The foundation and frame of your house (savings plan) is the essential part and needs to be established so you can finish your house with all the bells and whistles you can imagine. Think of it like this. The frame is the risk products (insurance) and what you fill your house with are all the other investment choices available to you. Yeah, the fun and sexy part of finance are the investments. But without a solid and concrete foundation, what good are the furnishings? If something were to throw you off, in other words, life happens, are you prepared?
This is part of our mission. To plan around life today and prepare for what tomorrow might bring. When we talk about lifestyle and financial planning, we are saying we need to look at the emotions and beliefs, some good and some bad. But when you can see clearly and understand why you are doing the things you do; a lot can be accomplished!
So, browse through our website, ask questions, and most importantly, take that first step – request a brief conversation. Don’t let another day go by and say to yourself “Yeah, sounds good, I’ll look into this soon.” Do it for yourself or more importantly, the loved ones around you!