Financial Plan Owners Manual

Does your financial plan come with operating instructions?  If not why not?

My father bought me a K&E slide rule when I was at university.  (I still use it when the power goes off.  🙂 )  It is a beautifully crafted instrument that really does nothing but add or subtract logarithms.  There are other ways to achieve the same outcomes.  Including the index, it came with a hard cover, 186 page, owners manual.

Everything you buy any more has a set of implementation and operating instructions.  Install safely, use safely, change the settings, trouble shooting, required maintenance, warranty if any, optional extras, pre-existing skills required to use and many more.

Your financial plan is an intensely important part of your life plan.  Succeeding here will not guarantee success in life, but failing here will make other parts much harder.

Learn some of the operating skills. Lrsrn what happens if you change the settings, learn the maintenance requirements, and especially learn to identify trouble early.

Does you financial plan have an operator’s manual?  Of course it doesn’t.  It should.  Maybe not 186 pages with a hard cover, but even a checklist would be helpful.

Don Shaughnessy is a retired partner in an international public accounting firm and is presently with The Protectors Group, a large personal insurance, employee benefits and investment agency in Peterborough Ontario. Contact:  

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