5 Steps to a Stronger Financial Plan

5 Steps to a Stronger Financial Plan

Most people do not know how to accurately assess probabilities and evaluate risk in their financial planning. As a result, their financial plan is likely to fall apart the moment something goes wrong. Which means it almost always falls apart, because there are a million things that happen in life that we can’t predict, didn’t account for or simply forgot to consider.

It’s not that planning is pointless. It’s that we need to treat planning as a process, rather than a one-time event that we set and forget. We also need strategies for building stronger financial plans that can actually withstand the inevitable bad luck, bad decisions or bad assumptions that happen along the way.

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