We have taken you through "The Emotional Plan" and "The Economic Plan." From my conversations with several clients, it seems the Emotional Plan is the most difficult. Stay with it -it will eventually become clear. Remember - keep it flexible.
Next - The End Plan
At the "end of the day," what do you want this to look like. We have heard, "I want my last two pennies to hold my eyelids down in the coffin" to " I never want any of my family to worry about money for education" - all very interesting and well thought out. We never know when that "end of the day" will come so it is like hitting a moving target.
When you go to the cemetery and look at the headstones you see three things under the name
1. The date of birth
2. The date of death
3. The dash which represents your life
The End Plan should be a summary of you and your life. We see too many
people living below their "possible economic life style" because they are concerned about running out of money. This is a valid concern. However, it stifles your "dash." A well thought out plan will give you clarity.
The Emotional Economic and End Plan make the "life adjustment" much more easy and fun. If you move into this with your health and some wealth you will have the time of your life.
Let's get together and discuss.
You will be the same person 10 years from now except for the people you meet and the books you read.
Basic Economics by Thomas Sowell -- In this time of very confusing noise it is hard to hear the signal.
Linchpin by Seth Godin -- What makes you valuable to the economy.
Securities offered through Triad Advisors Member FINRA/SIPC. Advisory Services offered through Meyer Wealth Advisors. Meyer Wealth Advisors is not affiliated with Triad Advisors.