Are you answering the right money question?

 

 

In 2009, BBC Magazine produced an article answering what they considered to be the Greatest 101 Questions of all time.

A few of the questions included were:

  • What is “OK” short for?

The most popular theory is that OK comes from “oll korrect,” a deliberately misspelled writing of ‘all correct.’

 Can you have a fish out of water?

Yes! Some fish actually breathe air and can crawl on land.

 Does chewing gum really stay inside you for years?

Nope. Your body doesn’t digest it, but it goes through the digestive system just like anything else you swallow.

  • Why do I get more carsick in the back?

Your view of the horizon is obstructed.

Interesting trivia, yet not the most important questions. The most important questions deal with you, your family, and your future.

Did you ever notice questions are more important than answers… initially?

Yet, the typical advisor begins with answers. Stock, off-the-shelf solutions.

Here’s a really important question to begin with, “If you could wave a magic wand in terms of your money, lifestyle, and financial future, what would it look like?”

Have you been asked that question before? How can anyone recommend solutions without asking that question?

Your answers will fall into two categories: your lifestyle and your legacy. Answer the question first, THEN blueprint, THEN build your lifestyle and legacy plan.

Imagine building a house without starting with a blueprint.

Is your plan building the right fiscal house?