In his bestselling book, The 48 Laws of Power, Robert Greene’s 29th Law is “Plan all the way to the end”. What he is proposing is that as we begin any endeavour, it is prudent to plan all the way to the end, before we start.
Sadly, because personal finance has become increasingly complex, with the proliferation of various products, investments, and the like, planning without even accounting for unforseen life events is a daunting task. Adding to the complexity, the rules of this game are constantly in flux with new tax years and laws passed.
Every decision we make can have unintendied conciquencs 10, 15, 20 years or more into the future. It can take just one event to trigger a devistating result. Many people rely on the plan of the masses. They look around and say “well most people contribute to a retirement plan, I should to. Most poeple pay their home off early, I should too.”
There isn’t anything inhearntly wrong with these decisions, but they do not form a plan that goes all the way to the end. One that can account for at least some of these unintended conciquences. They don’t say “as I build money in my retirment plan, I can do x, y, and z to enjoy it” or “if this happens, I can do a, b or c” and “when I die, I want this and this to happen, to save my family from that”.
This is developing an End Game; this is planning all the way to the end. And the best way to do it, is to have a game board to run these hypothetical scenarios to see what may have the highest chances of success.
If you haven’t yet started to plan all the way to the end. Contact me today and let’s get started.
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