Connecting to Planning

People dislike plans

There’s a reason of course. They accomplish nothing. The key to getting what you want involves doing something about the plan. Plans without action are a complete waste of time. They lead to delusions. I have a plan, so I need do nothing more.

Repeat. An unimplemented plan is worse than no plan.

So what to do?

Planning is a four part process.

  1. Decide who you are and what general life goals you have.
  2. Ask strategic questions to provide a template for future decisions. The “Ws” What do I want? What do I have to gt it with?. When do I need it? Who is involved? Where will we be? Why this? and Why not something else?
  3. Understand tactics. Methods if you like. The How. Tools and techniques to connect the assets, the time, the people to the what we want answers.
  4. Finally, and without which there is nothing, logistics. Or as Nike says, “Just do it”

The key to logistics

As your plan comes into view in some detail, you must begin the doing of it. Some of it can be delegated to others. Like wills and powers of attorney. Some of it requires asset consolidation and check writing. But, nothing happens until you act. There is just one key. “What’s next?”

“What’s next” creates flow. Get the one step things done. Documents, insurance applications, asset transfers, communication with other professionals. Set up a method for recurring steps. Monthly automatic bank withdrawals are a good tool. Establish review dates. They should be more frequent early. It will take a while to make the plan and its evolution a normal thing in your life. It will be challenging for a few months, but then it is just a habit.

Seek Help

In the beginning planning is hard because it is novel and it requires discipline. A simple part like a budget seems to be your enemy. Every planner needs a cheerleader. Planning by yourself is too easy to quit.

Focus on what’s next.

I help business owners, professionals, and others understand and manage risk and other financial issues. To help them achieve their goals, I use tax efficiencies and design advantages to acquire more efficient income and larger, more liquid estates.

In previous careers, I have been a partner in a large, international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business.

Please be in touch if I can help you. 705-927-4770

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