How’s What You’re Doing, Doing?

By: Tom Kirk

We can be so busy “doing” that we don’t take the time to determine how what we are “doing” is doing.

Here’s what I mean. You’ve been saving to fund your now teenaged children’s college education. How’s that doing now that you have a better idea where they want to go and what they want to study? Or, you have been using your 401(k) plan at work to save and invest for retirement. How’s that doing considering what you are going to need in order to retire some day? Or, you are one year from retirement. How’s your portfolio construction doing in light of the reality that you will soon be living off it?

The answers to these questions are found through the periodic monitoring of your progress against the milestones you have set for yourself in your WealthPlan. There are a number of additional benefits from checking-up on your financial strategies regularly:

  • Weeding out “dead strategies” that seem to be going nowhere and better allocating your resources to more effective strategies
  • Celebrating your progress when you see that you are at, or ahead of, the milestone you set for yourself
  • Jump starting stalled strategies so they don’t fall through the cracks

For this monitoring to occur, you must have strategies and pre-determined milestones against which you can measure your progress. These milestones are connected to the amount of money it will take to achieve your tangible financial goals, when you will need it and are integral to a well-constructed WealthPlan. Without monitoring your progress in this way, it is almost impossible to determine if what you are doing is working or not.

Don’t have a WealthPlan? Don’t know if you are ahead or behind where you should be by now to create the financial future you desire? Don’t stay in this condition any longer. Download your free copy of my book “Are You Worried About Your Money” to learn the steps you can take now to improve your WealthConfidence, or call us to schedule your complementary consultation

Improved WealthConfidence could be yours today. Click HERE to score yourself in the eight mindsets that necessary to live better now.

To see if you are on track, enjoy many of the free resources available on our web site or call our wealth services firm in Satellite Beach, FL – Melbourne/Brevard area at (321) 773-7773 to schedule your complimentary consultation.

You should not assume that any discussion or information contained in this publication serves as the receipt of, or as a substitute for, personalized investment advice from FirstWave Financial. A copy of the FirstWave’s current written disclosure statement discussing our advisory services and fees is available upon request.