Football and Finance: The Secret Sauce to Success

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Welcome to fall, almost everyone’s favorite time of the year. School starts up, the colors change, and football at all levels kicks into high gear. Growing up in the Midwest, and having been both a high school and college football coach in the past, I see a very distinct similarity between football and finances.

If you look at the game of football, it’s divided into three phases: offense, defense, and special teams. The execution of each is paramount to the overall record of the team. In the world of finance, you have investments, risk management/insurance, and tax planning working together to provide financial confidence for individuals throughout their lifetime. The secret sauce that determines success or failure in either football or finance is simply this: The formulation and implementation of a solid game plan.

Let’s take a moment to explore this theory in more detail.

I firmly believe offense sells tickets and defense wins championships. Think about it, the offense is on the field to score points, while your investment portfolio is designed to grow as much as possible. The defense concentrates on just the opposite – minimize points scored by the opponent, and when necessary, take appropriate risk in doing so. Finally, special teams is where many huge plays can occur that may “flip the field,” both in good and bad ways. And, we haven’t even touched on the effects of turnovers, penalties, injuries, taxes, market corrections, and death or disability, as they pertain to both football and finance.

My advice is for you to seek out a financial professional – one who is a fiduciary – that will put your interests ahead of theirs. Work with them to develop a financial game plan to help give you the best chance at winning a financial championship.

 

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Why You Should Embrace Change

Life is full of change, it is a constant. Some of these changes are expected and planned for and others are unexpected, and sometimes come out of the blue. When you read the true definition of change there is no mention as to whether change is bad or good, so why do many link change …

The Bridge Between Suicide & Life, Episode #99

Sergeant Kevin Briggs is the founder and CEO of Pivotal Points. Kevin is a retired highway patrol sergeant who spent many years patrolling the Golden Gate bridge. He encountered numerous individuals clinging to life by a thread. These individuals had lost hope and couldn’t see a way out of …

Finding A Reason To Live, Episode #98

Finding A Reason To Live, Episode #98 Kevin Berthia is a suicide survivor and prevention advocate who was born with a genetic depression disorder. At age 22, he attempted to take his life by jumping from the golden gate bridge. It wasn’t until 8 years later at the American Foundation for Su …

Claiming Your Social Security Benefits Early: When It May Not Pay to Wait

Ryan Yamada, CFP®, Senior Wealth Planner We’ve all heard the conventional wisdom when it comes to claiming Social Security: you should wait as long as you can before claiming benefits. Wait right up to age 70, if possible. After all, that’s when you would get the greatest monthly benefit.

1 2 3 123 124 125

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation

TweetsFollow Us