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

College Hockey Inc., Episode #105

Today’s guest is Mike Snee, the Executive Director of College Hockey Inc. He is a talented hockey executive with experience in amateur hockey and the NHL. Mike is College Hockey, Inc.’s Executive Director and guides their marketing efforts to promote men’s college hockey and its …

Unclaimed Funds

  Have you ever moved? Misplaced a check? Forgot to close a bank account? Many reasons would cause funds to escheat to the state and have them added to the running total of unclaimed funds in the United States.  According to a Forbes article in 2020, there was over $49 Billion in uncla …

Considering Tax Loss Harvesting? What You Need to Know First

Kevin Oleszewski, CFP® Senior Wealth Planner As the tax year draws to a close, many high-income investors will look to reposition their portfolios to intentionally generate losses as a way to offset gains — an investment strategy known as tax loss harvesting.

WhiskyCast, Episode #104

Mark Gillespie is the host and executive producer of WhiskyCast and founding partner of CaskStrength Media. Now in its 17th year, WhiskyCast is the world’s longest-running whiskey podcast series, enjoyed by listeners in over 180 countries. Mark has developed WhiskyCast into a worldwide onli …

1 2 3 4 5 129 130 131

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