So how can we take this lesson learned on the fields, rinks
The first step involves setting a series of goals for ourselves. What do we want our life to look like in 10, 20 or 30 years? Do we see a cottage in that future? Would we like to retire early and travel the world? Do we see ourselves helping to pay for our children’s or grandchildren’s education?
This might sound overly simplistic, but in order to have
Now that we know where we want to go, how do we go about creating our plan? Keep in mind, there is no one-size-fits-all financial plan. Simply put, we will know we have a good plan when it puts our objectives within our reach. It should feel natural to some degree, even if it does restrict us a bit. Moreover, a financial plan need not be unerring or written in stone;
The most important element of any plan is you. Smart coaches and athletes know that a strategy is no good unless we stick with it— 90% of any good plan is in its execution. Planning helps us all to see the big picture, but we still need to follow through in our daily lives. That is why we at TMA have an annual review process with our clients so that we can track and review our clients’ progress in detail with them. Regular reviews of our short and long-term objectives, as well as a portfolio sustainability exercise, will give the feedback we require to ensure our continued personal and financial success. Moreover, it lets us know if we’ve been missing “practice” too often and whether or not we need to hit the “financial gym”.
If you think you might require a more comprehensive and formal financial or estate plan, please speak with us. We can help evaluate your situation and possibly set up an appointment for you to sit down with a licensed financial planner, Edmond Fhima