WHEN THERE ARE SO MANY DIFFERENT FINANCIAL
PLANNING VEHICLES OUT THERE TODAY?
Because they get confused. I guess it’s the
old story about the more information you get, the easier it is for you
to mentally lock up.
When I was in college I had a Mazda 323. One day I thought I was
doing a good thing that turned out not so good ... I bought a couple
cans of Quaker State. Now, my car didn’t say it was low on oil, but
being a freshman in college and not a car guy, I figured it was better
to have too much oil in the engine than too little. So, I put oil in the
car when it didn’t need it, and guess what happened? I overloaded
the engine with oil, which is just as bad as not having enough oil,
and resulted in me needing to put a new engine in my car. Basically, it
locked up from of the excess oil I had generously force-fed the engine.
What does this have to do with the financial world, you may be
asking? Well, these days there’s way too much information available.
When it comes to planning, clients think they can do it themselves,
but then all they do is procrastinate. They simply don’t have the
knowledge necessary to complete the process of proper planning to
insure a worry-free retirement.
I have encountered some folks who did a good job building their
own plan, but it’s usually after consulting with the right financial
professionals, getting the right information and getting rid of all
the bad information that exists today. The secret is not collecting
information but whittling out the bad and/or misinformation from
It’s like planting a garden.
You could get a pack of seeds, let’s say squash seeds, because summer squash grows very easily and quickly. If you throw all the seeds
into one hole, all of them will most likely sprout. But if you don’t
WHY ARE PEOPLE MAKING