Broker Check

Video: Financial Planning Problems Aren't Always Financial

March 08, 2022

Financial problems manifest themselves in two ways: quantitatively and qualitatively. Quantitative problems can be defined objectively with numbers—e.g., paying more in taxes than necessary or investment performance falling short of a benchmark. Qualitative problems are the realm of emotions and, as such, are defined by your opinion. Specifically, it would be your opinion of the life you are currently experiencing or the life for which you are aiming. Therefore, if your plan does not include your opinion, then a substantial part of what should be in your plan is missing—this is a problem that materializes far too often.

This video deals with qualitative problems and introduces the three most consistent ways in which we have observed clients dealing these problems via three characters: The Conservator, The Game Changer, and The Dedicated Worker.