5 steps to a stronger financial plan

Most people don’t know how to accurately assess probabilities and assess risks in their financial planning. As a result, their financial plan is in danger of collapsing as soon as something goes wrong. Which means almost still is collapsing, because there are a million things going on in life that we can’t foresee, that we haven’t taken into account, or that we have simply forgotten to take into account.

It’s not that planning is useless. It’s that we need to treat planning as a process, rather than a one-time event that we set and forget. We also need strategies to build stronger financial plans that can actually withstand the inevitable bad luck, bad decisions, or bad assumptions that happen along the way.

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