7 Planning Benefits

Key Takeaways

  • Whether we’re talking about money or other aspects of life, not everyone likes to plan carefully—but good planning always pays off in the long run.
  • A well-thought-out plan prevents you from spinning your wheels and gives you confidence, focus and peace of mind.
  • A good plan will also help you overcome obstacles and uncover opportunities that you never would have seen otherwise.

*** If you have close friends or relatives who are unsure about their financial plans, please tell them about our complimentary Second Opinion Service.

Remember Colonel Hannibal Smith from the 1980s TV show The A-Team? One of his classic lines, delivered with a cigar dangling from his mouth, was “I love it when a plan comes together!” I always think of Hannibal when doing my own planning. As some of you know, I served in the military, so I’ve always been big on planning, and the benefits have been huge for us here.

I realize that some of you hate talking about planning, but it really pays off in at least seven key ways:

  1. Planning provides you with focus. You’re covering who, what, when, where and why. It forces you to become really clear about your goals and your direction so you can make progress.
  2. Planning helps you think about your thinking. Our lives are busy and often chaotic. You’ve got responsibilities and a lot of disjointed thoughts in your head, and it’s easy to feel overwhelmed. Often, you spin your wheels because you’re going in too many directions at once. Planning coalesces your thinking so that you can be very clear about your priorities and what you’re going to tackle next.
  3. Planning reveals obstacles. Whenever you try to accomplish something new, there are bound to be obstacles. Whether you go around, over or under those obstacles, you need to find a way to overcome them. A good strategy will help you overcome those obstacles.
  4. Planning uncovers great opportunities—things you might not have even known existed before you started your plan.
  5. Planning emphasizes your strengths. Everybody’s got different strengths, and if you’re going to execute your own plan, it’s got to be on your terms, playing to your strengths.
  6. Planning coordinates efforts. Once you get through the planning process, you will realize your gaps. Planning helps you identify the kinds of people you need to help you, and the tools, resources and money you need to get to the next level.
  7. Planning builds your confidence, since you’ve reviewed everything clearly and have put all the pieces of the puzzle in place. Planning makes it easier to see your whole situation so you can readily see the opportunities and obstacles you face and how to use your strengths to your advantage. You’ll start your next stage of life on a high plateau and keep moving upward.

Speaking of planning, we have a complimentary Second Opinion Service at our firm. If someone you care about could use a free expert second opinion about his or her financial life, we’d be happy to help. Contact us at 800-480-7913 or coyle@coylefinancial.com to set up an appointment.

Until next time, enjoy. Gary

www.coylefinancial.com
800-480-7913 | coyle@coylefinancial.com

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