Common Sense Financial Podcast: Mindset & Growth

Ep 43: Kids, Puzzles and Cash Flow

Informações:

Sinopsis

When my kids were growing up, many days my wife would sit with them on the floor putting puzzles together. They would laugh and talk as they worked together arranging the pieces to create the picture on the box. When the kids were young, the puzzles consisted of 20 pieces that could be put together without much need for the picture on the box. The older the kids got, the more complex the puzzles became and the more important the picture became for them to fully study, understand and refer back to in order to complete the puzzle. The same is true for a financial plan. When someone is just getting started with his or her financial life, the process can seem rudimentary without much consideration. However, as assets are accumulated and life becomes more complex, the picture on the box becomes the most important part of assembling the puzzle.   The Importance of the Picture on the Box Think of your personal financial situation as a puzzle made up of dozens of pieces.  The pieces represent all of the products, pro