Wealthy Castle!
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Piece of the Puzzle:
Ever put together a jigsaw puzzle? Have you tried your jigsaw puzzles without using the picture on the lid? Why does it make it easier when we use the picture on the lid? Because, we can see where we're going. We can see what's possible. What a powerful and useful concept for jigsaw puzzles. This is also a very powerful and useful concept in business planning and personal planning. You see, our businesses and our lives are also made up of many small pieces -- places to go, things to do, people to see, hours, minutes, months and days. The way we assemble the pieces determines our destiny.
To fee or not to fee
Over the 12 plus years that I have built my financial practice, I have lost track of how many times I've heard differing opinions on what kind of financial professional I should be. Should I be a commission based advisor or a fee based advisor?
When You Care Enough
Not long ago, I found myself sitting with my clients Frank & Jan. Sadly; we were discussing the financial ramifications of Frank's impending death. Frank had battled cancer for several years and after countless treatments and medical trials, the war was almost over.
Where It All Began
I am originally from Greene Maine and spent the first 16 years of my life in the "woods" of small town America. After a family vacation to California in 1985, my family relocated to sunny SoCal permanently.
Built Like A Bank
Building your personal financial holdings is akin to building a castle. It is important to build it in the right order and with the proper structure. If you skip steps in the process, your castle can be at risk. How does one know if they are building their castle correctly?
Choices Choices
Let's say that you wanted to invest $2000 per month and you were not sure of where to put it. I have two investment opportunities for your consideration. FYI: this might sound like a sales pitch but it is actually a great piece of investment education. In my career, this lesson was one of my biggest ah-ha moments. Let me give you some basic detail on the two choices so that you can choose for yourself which one you would put your money in. Here goes...
Susan Never Smoked
Susan experienced flu like symptoms & decided to visit her doctor. After several tests, the doctors delivered terrible news. Susan had late stage lung cancer. Despite the losing battle, Susan kept her smile. Susan's primary concern was that her husband and their children would be OK without her. Fortunately, Susan & Doug had enlisted my help putting their financial castle in order. Not having to worry about their finances and estate planning was a big relief at a difficult time. Now is a great time for a free financial check up.
Doctor Lucy
The other day, I was talking with a client (let's call her Beth) and the subject of the troubled economy came up. The stock market had dropped over 300 points on that day and most major news outlets had made it a point to report the "bleeding" on Wall Street. The conversation reminded me of something Beth and I had talked about several weeks earlier. She had indicated at a previous meeting that she wanted to introduce me to her brother.
Coordinated approach to wealth building and preservation guided by four main objectives.
- Build Wealth Efficiently
- Create the ability to take increased enjoyment from your wealth
- Ensure that wealth passes to the people and causes that you care about most
- Plans must work under most circumstances, without basing decisions on risk
Without clear objectives and a way to measure your progress, how can you know if your are on track?
Micro vs Macro
You have aligned yourself with various micro-managers to assist you with your financial decision making. These micro-managers are specialists in their particular area of expertise; however, without a macro-manager, you are left with the complex responsibility of tying all of your financial decisions together.
This presents many problems because you neither have the time nor the expertise in each area to evaluate the performance of your micro-managers. With a Macro-Manager on your team, your micro-managers are able to provide their services for you in a better and more efficient way.
In addition, our expertise in helping to maximize wealth, distribution and conservation strategies should improve the overall performance of your plan through coordination and integration.
