Step Five: Follow the plan
Many many plans end at Step 4. Problem is, no matter how well-intentioned a plan might be, they can begin to seem less vital once all the hard work of building a plan is done.
But of course, none of this planning and thinking will mean squatooskie if there is no follow through. I’ve heard scores of people complain about heavy tome-like financial plans they paid some major brokerage house for (costing $500 or more) only to have the plan gather dust after it was delivered.
To really do personal financial planning right, you need to act. If you don't follow through, it doesn’t matter a whit how carefully the plan was prepared. A sloppy plan that is actually followed is far better than an elegant masterpiece that sits on a shelf.
Many many plans end at Step 4. Problem is, no matter how well-intentioned a plan might be, they can begin to seem less vital once all the hard work of building a plan is done.
But of course, none of this planning and thinking will mean squatooskie if there is no follow through. I’ve heard scores of people complain about heavy tome-like financial plans they paid some major brokerage house for (costing $500 or more) only to have the plan gather dust after it was delivered.
To really do personal financial planning right, you need to act. If you don't follow through, it doesn’t matter a whit how carefully the plan was prepared. A sloppy plan that is actually followed is far better than an elegant masterpiece that sits on a shelf.
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