5 Steps to a Stronger Financial Plan

Most people do not know how to accurately assess probabilities and evaluate risks in their financial planning. As a result, their financial plans are likely to fall apart when something goes wrong. Which means almost always fall apart, because there are a million things that happen in life that we cannot predict, do not account for or just forget to consider.

It’s not that planning is pointless. It’s that we need to think of planning as a process, rather than a one-time event that we set and forget. We also need a strategy to build a strong financial plan that can actually withstand the inevitable bad luck, bad decisions or bad assumptions that happen along the way.

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