2/14/2024 0 Comments Download financial planning![]() ![]() Life is filled with unexpected changes, and with that top of mind, always consider the “what-if” scenarios. As a result, he did not have the savings or investments to support himself later in life, which left him to struggle financially.įor Financial Planning Success Now, Start by Looking at the Past He enjoyed life to its fullest and was known for his generosity, but he did not consider the long-term consequences of his spending. Instead of saving, my father-in-law splurged on luxuries like cars and entertainment. He worked in the entertainment industry and lived large without worrying about the future. On the other hand, my father-in-law lived in the moment. And while my father had a substantial nest egg to fall back on in his retirement, he was never able to enjoy it. His attitude toward financial planning was one of caution, built upon his worry about the future. He worked hard, lived modestly and always worried about putting away a portion of his income for a rainy day. My father was a surgeon whose analytical mind would lead to overthinking situations, resulting in no action or a very conservative approach when it came to his financial decisions. In Financial Planning, Consider Your ‘Fuel Tank of Capability’īoth men were highly successful at what they did for a living.
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