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Executing Changes, Using Your Tools

Over the past few weeks, I’ve written about setting and adjusting your goals and how to use your tools to reach them.  This week, let’s look at how to use all of those things to build a plan.

Your goals are the most important part of your plan.  It can be easy to focus on investments- most advisors are paid on the amount of investments they manage.  There has been an increased discussion about the importance of planning, however not all advisors are interested in, or compensated for, planning.  As clients, sometimes we pull the focus away from planning -  We’re sure that if we own the right investments that provide the right rates of return, we’ll hit our goals.  Sometimes we assume our advisor knows our goals.  In a traditional advisor- client relationship, it can be hard to change focus to look purely at the planning side of things before diving into investment management.

A comprehensive, personalized plan reflects your goals back to you, and shows you a path to reach them.  Sometimes there is more than one way to arrive at your goal; when you work with the right advisor, you get the information you need to choose the best way for you and advice on how to implement the plan.  Sometimes you just need to use what you have, sometimes you need to stop a certain action to make another one happen.  Sometimes, you are likely to reach all of your goals without changing your current behaviour, but you didn’t know that until you had help with a plan.  The value of this scenario, reaching your goals with your current behaviour and tools, is the freedom to develop new goals. 

Increase your likelihood of reaching your goals in 2018 by starting now.  Spending time now to review your goals, detail your tools and work with WD Development on your plan allows you to start 2018 using small, consistent changes that will move you towards meeting your goals.  Contact Sara at 519-569-7526 or [email protected]