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

A Time for Giving

Recently, my boyfriend and I decided to take part in our church’s Christmas donation for families in need. We picked a family number and were given a paper with a family of kids’ names, ages, gender and a couple of presents on their Christmas list.

Social Security

You’ve worked hard for your Social Security. Now, it’s important to understand how to maximize your Social Security by incorporating the correct strategy for you into your wealth plan. Check out our infographic for important facts you should consider to Maximize Your Social Security Benefit …

American and Immigrant Parents: Life Lessons about Money

Growing up in a third world country and moving to the U.S. is a dream for many immigrants. So when my mother received the Visa for my sister and I to come to the U.S., we packed our bags and were ready within the day.

Keynesian Economics

Published by Jake Bleicher When most people think about John Maynard Keynes they usually think about Keynesian economics. His work has helped to shape modern economic policy and played a monumental role in revitalizing the global economy after the Great Depression.

1 2 3 98 99 100 101 102 103

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