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No matter how daunting a project may seem,
at some point you just have to dive in.
Putting together a financial
plan for your
retirement may look like a mountain of a project,
but
we just take it one step at a time.
--
Michael Lauer
A few years ago, my wife and I decided to remodel
our home. From this experience we learned two important lessons
that also pertain to financial planning: the first is that you have
to start. No matter how daunting a project may seem, you eventually
have to pick a point to dive in. After a long staring match with the
old kitchen it finally hit me that the reason I was so intimidated
by the project was that I was looking at it as one giant project that
seemed unmanageable. I
actually had a series of several smaller projects that were well within
my abilities. All we had to do was pick a small project and dive in.
The
second lesson we learned was that sometimes you simply have to consult
a professional. We doubt an electrician would have cost ½ as much
as we ended up spending on a new television and VCR (among other things)
that we destroyed by incorrectly wiring a portion of the house. A specialist
in a field has in-depth knowledge, tools, and experience that cannot
be duplicated or overcome by dabbling. He or she also knows about precautionary
measures such as unplugging appliances before starting an electrical
project. Consulting a professional is a lot less expensive than the price
of humility!
Michael has an MBA and holds FINRA
series 7 and 63 licenses. He is a Registered Representative of CapitalQuest
Securities, Inc.