What do you think would happen if most people spent as much time planning their retirement and investments each year as they did watching soccer? I suspect we would all have a lot more money, be better prepared for retirement, and maybe even buy Super Bowl tickets every year.
Steve Roberts, with nearly twenty years of experience in the financial industry, knows that most people, including himself, would rather play or watch soccer than the stock market. After all, Steve himself was a three-sport scholar in high school, letters in soccer, basketball, and baseball. He was a member of the Ricks Junior College football team and today is a youth soccer coach. But that doesn’t mean you don’t value financial planning and realize its importance. What it does mean is that he had the brilliant idea to write a book on financial planning using football metaphors to make the subject not only more interesting but easier for his many readers to understand.
Steve divides his new book, “Football Financial Planning,” into three sections: Defense; Insulted; and coaches, special equipment and systems. Then, in each section, you look at a valuable asset for your retirement or investment portfolio, and compare that investment to that of a soccer player. For example, compare car insurance to a defensive tackle and universal life insurance to an outside linebacker – these are players in your defense because you need them to protect your assets. Players on his offense include the center (his checking account), a right tackle (fixed annuity) and a tight end (bonuses). Steve realizes that you may not always need all the players on your team, but he explains the benefits and drawbacks of each player so you can decide who you want on your team and how you can use those players to create your own. top. possible game plan for you.
I have read several financial planning books in the past and they are all helpful in various ways. What makes Football Financial Planning stand out is not only that the football metaphor is fun, but the way Steve analyzes the team makes each player or financial tool very easy to understand; Because each player / investment product is a chapter unto itself, the book is also accessible to refer to and find specific items later.
Steve makes the discussion easy to follow, and it really got me thinking about the different financial options out there and why some would be great assets to have on my team while others would not. In the end, it reminds us that each of us is the owner of the team and even the quarterback of our own team, so we have to make the decisions on the plays.
As an added bonus, Steve provides gameplay graphics for avid soccer fans so they can see how their offense or financial defense adds up. At the end of each chapter, it also provides a short table or worksheet for the reader to fill out, asking questions about things like insurance deductibles, projected cash value, or income so that people can write down all of their information and save it in a . easy to find and remember location, as well as evaluate the different possibilities that exist for your financial game plan.
In the end, Steve’s whole system comes down to determining which system or philosophy works best for you because no one team will work for everyone. Steve highlights this point with the following story:
“To win a game (get great scores on your investments), it is very important to have a system (philosophy) that matches the skills and talents of your quarterback. One university that has produced many great college quarterbacks is the University. Brigham Young (BYU); however, not all BYU great quarterbacks have been successful in the NFL. I once heard former BYU coach Lavell Edwards say that he believes that Marc Wilson, one of their great quarterbacks from the field, I would have been more successful in the NFL if I had played in a different system. The point here is that you need to make sure that the system and philosophy that your coaches implement matches your needs and abilities. There are systems that others are pushing and selling that work for most people, and may work for you, but may not be the right fit for you. Some examples of systems that people can use The driving forces are buying term life insurance for outside supporters and investing the rest in mutual funds. This person’s system may also include telling you never to buy a variable annuity. Everyone’s situation is different, so everyone else’s team may look a little different than yours; the important thing is to find the system and the trainers that work for you. “
Whether you love soccer or you just want to clarify your financial situation and be prepared to score a touchdown to win the game when it’s time to retire, Football Financial Planning can give you the tools you need now to create the investment system that works. . for you. Then when the game is over, you will have a huge savings for the rest of your life.