Invest With A Plan
The Invest With A PlanSM process is grounded in the core philosophy that we should make investment and general financial decisions within the context of an overall plan. The idea is similar to a GPS mapping system; you tell the system where you want to go and it will figure out a route to get you there. This analogy highlights something very important - you have to know where you are headed. You have to have goals that you can articulate.
"If you don't know where you are going, any road will get you there" -Lewis Carroll
The first goals everyone should strive for are my Three Foundational Rules. Once you have those under control, then you can move to other life goals such as saving for retirement, college, etc.
As we begin to work together, there are three core steps to the Invest With A PlanSM process:
- Learning - I have to learn about your situation and goals; and you have to learn the process
- Planning - We work together to articulate your goals and model them in eMoney
- Implementing - We use the plan to guide our discussions and unique decisions around the 8 Point Tax-Smart Framework
Just like a GPS, sometimes unexpected events happen and the system says "Rerouting..."; the same thing happens here. No plan is ever 100% right. Since we are planning for the future, we have to make a lot of assumptions and some of them are bound to be wrong. We must continually adapt to changes in your situation, goals, the markets and our assumptions. We start every meeting with a review of the plan to make sure the target we are working toward is still our desired destination.
The Invest With A PlanSM process helps to make sure that there is a direct link between your goals and your investment and planning strategies.