The Importance of Goal Setting
The Planning Process Concentrate on clarifying your vision and beliefs. Identify specific strategies that will be implemented to achieve desired outcomes. Establish clear, measurable, and quantifiable three-year goals alongside one-year objectives. Identify and address high-priority obstacles and challenges that impede progress toward your objectives. Develop detailed action plans to ensure effective implementation. Setting Your Goals The Importance of Setting Goals A professional lacking defined goals resembles a...
Lender of Last Resort
by L. Carlos Lara Editor’s Note: This article was first published in July 2018, but is still relevant because “The source of inflationism can be politically varied, but certainly the mechanical instrument for setting it in motion rests solely with the Federal Reserve, the institution that controls the nation’s money. Recognizing this fact, as a starting point, is immensely important in...
In the Kingdom of the Blind, the One-Eyed Man is King
by L. Carlos Lara The average American citizen simply wants to be able to live a peaceful life, be financially secure and debt free. Why then, do so many of us fail to attain this noble goal and 98% suffer from cash flow problems till the day we die? Is it ignorance? Is it poor judgment? Is it our lack...
400k Playbook!
It is common for financial professionals to go through challenging times. I know that in my career I have had struggles with staying focused and have a clear direction. I always felt like there was a better way to do business. After becoming fascinated with documentaries of people doing extraordinary things, there was only one that really stood out...
October News Letter
New finds this week __ by Brent White “This was a very significant week, being that it was the first time our complete planning team was able to address everyone as a group. I feel like our representatives got a firsthand look at what we have really created. “ Wednesday October 20th, we had our first conference as BOSS Financial Group in...
IRS 401(k) plan fix-it guide
MistakeFind the mistakeFix the mistakeAvoid the mistake1. You haven't updated your plan document within the past few years to reflect recent law changes.For older items, review the annual cumulative list to see if the plan has all required law changes. Starting in 2016 review the annual required amendments list.Adopt amendments for missed law changes. If you missed the deadline to adopt an...
What is the “Financial four Square,” and how can it help change your business?
Currently in the financial planning space, there are many tools for individuals that want to work with a traditional Financial Advisor. I have had the pleasure of using many different versions of these tools that do a lot of different things. The issue that I have with these different software products is that none of them work well with...
Succession Planning for Family Businesses
March 6, 2024|8 min read Having a business exit strategy means planning for the unexpected – financial hardship, health challenges and even death. It also means having a plan for the transfer of ownership of your business when it comes time for you to retire. Failure to have an action plan for these events can be costly to you, your...
