If you read the media and industry headlines, you'll read that thousands of financial advisers are currently running for the door.
Over regulation, increasing costs, loss of income, increased education standards and ongoing negative sentiment headwinds from the wider public and media.
Let’s not sugar coat the facts.
Now is a very difficult time for the financial planning industry.
I regularly hear stories of advisers who have taken their own lives, lost their homes, their livelihood's and families; at the same time of their career many others would consider thinking of retirement rather than going back to university or a change of career.
Indeed the industry is at a turning point.
The question we all need to be asking ourselves is, "What do we all i.e. consumers, regulators, suppliers (financial product manufacturers) and advisers, want from our financial service providers and how much are we prepared to pay for it?"
Maybe this tongue in cheek approach is the answer?
Our services are Good, Fast, & Cheap......Please pick two.
All bad jokes aside, I continue to see the following universal law of money being applied i.e. Money always flows to where it’s most valued.
Call me a sadomasochist, crazy or simply plain arse dumb for choosing this path however I believe the outcome will result in something better for us all as the financial planning community and industry transitions into a profession.
So as for me, I’m not quitting. In fact I’m very excited and looking forward to sticking around.
So without further ado the following are my top ten reasons I’m sticking around as a financial planner for the long term.
Just as much as we get a dopamine hit when we eat food, have sex, embark on a new adventure and find acceptance. We experience this same natural drug and feeling when we move from certainty from our initial feeling of uncertainty.
In situations of uncertainty we experience a rush of adrenaline, anxiety, an increase of heart rate, confusion and a racing mind for answers. This too is our bodies physical and an emotional response to a threat i.e. getting us into a state of preparedness and fight or flight for our own survival.
We are all naturally addicted to dopamine. Its function is to both reward us and too keep us alive.
Did you know neuroscientists and researchers have discovered and know can evidence that our brains are determinists?
This means that while sometimes we make decisions consciously more often we make them unconsciously due to our habits, environment, ego and sense of self i.e. we make our choices reactively rather than proactively.
One of my many ongoing activities is to help clients proactively match their comfort and certainty with their investments and expectations, while balancing this with their ever-changing personal circumstances.
I regularly remind them “money flows to where it is most valued” because being humans we value certainty. In money markets certainty has a price. The more certain the return, the lower the expected return.
When it comes to investing this is what bankers, market commentators and economists call “the risk premium” of an investment. i.e. How much more risk are you prepared to expose your investment in order to achieve a higher return?
As investors we experience an adrenaline hit as we buy something and a dopamine hit after we have bought something and we see the value increase i.e. we see our financial position being more certain. A secondary dopamine hit comes from our ability to have predicted something and then have it evidenced back to us that our predictions were correct, resulting in a positive feeling.
Beyond investing, this is also why we feel good after completing a task, passing an exam etc. and provide us an explanation as to why we feel anxious and uncomfortable if we have had poor previous experiences making choices, doing specific tasks or sitting exams.
Why would anyone consider financial planning as a profession?
Even before you begin the rallying cry of others intent on undermining trust in an adviser is deafening.
Media articles splash scandals and opinion pieces. Industry fund run blitz propaganda campaigns implying advisors will erode your retirement returns. Authors of general advice = all care no responsibility, promote manta’s that it’s better to do it yourself, ‘if only you buy their book’. Get rich spruikers lord their conflicted schemes while dispiriting the need for any other advice and lastly the well-intended opinion and concern of friend or relative who believe they know better and should be more trusted because <insert ego driven reasons>.
Cutting through all this negativity, let’s say someone still considers contacting you.
Personal communication skills aside and regardless of how empowered you make your enquirer feel, they are still required to reveal to you; a stranger all their personal information, read pages of legal documents, signing authority requests and be judged.
We all judge each other. We judge if we/they are worth the risk. We judge if we/they are worth our time and we/the judge if the relationship is worth the emotional investment. That’s enough to raise anxiety levels in everybody.
You may have a generous spirit. You may have a desire to help your client and make the world a better place. The reality is that we live in a litigious world and other professionals’ existence is reliant on finding fault and gaining compensation.
The reality is that in the eyes of prosecutors, your well thought and researched strategies and recommendations are viewed as potential risk and liabilities. Not a benefit. If your client is better off, if your client achieves their goals and your clients are happy with your services; prosecutors have no case and no work.
So good intentions aside, how defendable are your files? How defendable is your research, comparisons, recommendations, projections and the delivery of your promises? You must be able to evidence all this on request. Be it requested by your client, your professional standards team, industry association, an array of regulators, insurers and now with the introduction of new standards, your peers too.
Many of us assume there is a silver bullet formula to attain happiness in our pursuit of personal growth and a higher quality of life. Better education, our career advancement, improved family harmony, more money, material assets and healthier etc.
However the paradox is that happiness in itself is not in having these ingredients of happiness but in fact the pursuit of these ingredients we have the opportunity to experience the lasting satisfaction if done authentically.
For example. We all know having more money does not mean you are happier. Money is needed to fund a level of quality of life, however beyond this, studies confirm the amount of happiness attained is a diminishing return on effort.
Those who continue to pursue excessive wealth often find themselves with less health (mental, emotional, spiritual and physical), greater worries, and finding less and less fulfilment even when they have achieved herculean levels of greater wealth.
The same applies to studies, our careers, health and any other ingredient of our lives that we feel compelled to need to have in order for us to experience more happiness.
As a financial planner for the last 20 years, planning is now well and truly part of my DNA.
And between you and me, once you know the core fundamentals about money planning; working with numbers, projections, legislations and financial product features all day can at times get a bit dry and dull.
So given that today is a Friday, I’m in Cairns and the weekend is just ahead, I thought I’d take a break from the daily grind (while still firmly in my roll of planning) and research the following juicy question.
How to take more time off and still be paid for it?
What I discovered is that with a bit of planning, getting your holiday requests in early (before other staff) and a flexible boss. You can easily extend your 20 days annual leave all the way out to 52 days a year, or a 260% increase in leisure time.
The following maximising you leave and holidays is based on for Queensland Australia public holidays.If you are in another state please check your relevant state holidays there as they may differ slightly i.e. different Labour Day, Queens Birthday, Show Day dates.
Note. For completeness calculations begin from 1st Jan 2020 which is a Tuesday however if you drew on annual leave on the 31st December the first holiday would extend an additional 3 days for a total of 9 instead of 6.
Additional note. If you also took Friday the 27th December off (leave without pay) this could extend the Christmas break length of holidays from 6 days to 9 days (inclusive of weekends, two days annual leave and a day leave without pay).
So let’s begin!
First let’s be clear. We do not live on tins of baked beans or substitute gravel for toilet paper. Ouch!
Secondly the $50,000 in additional savings we are accumulating is not from any increase in income or side gigs.
Our savings are purely from implementing smarter ways and choices to legally keep more money in our pockets instead of others.
Thirdly, we’re not special.
We have the same amount of time and days in a week to do everything we need to do just like you.
Lastly we also each have average incomes. Disclosure we pay ourselves $73,060 (after tax) or $100,000 gross annually.
So how did we do it? How have we found these additional $50,000 in savings annually without cutting back on our necessities and quality of life?
More importantly, can you too achieve these levels of savings or more?
The short answer is “Yes you can".
You simply need to decide on what you want, identify the price, and decide if you are willing to pay and if so pay the price. Then get on with it.
It's common knowledge that debt and financial problems are the number one cause for stress and worry in our lives.
Recently I met with "Frank and Ernest" who had amassed combined total debts of $127,000 across their credit cards, home loan and personal loans.
Frank told me that they expected to be debt free in fifteen years (based on his mortgage etc).
"How does being debt free within the next five years sound?' I asked.
Part of my day to day routine is meeting with BDM’s (business development managers). As you can imagine like any meetings some are zzzzz! and some are great.
One of the best questions a BDM has ever asked me was, “If You Were a Listed on the Share Market, Would You Buy Your Stock?”
I remember staring back blankly as I began imagining a bunch of long faced sceptical analysists pouring over my life, benchmarking me as a business, my personal and financial growth, pulling out a slide rule to measure my routines, efficiencies, asking about my life’s back up plans, satisfaction and plans for growth.
“Sure I would” I replied but the question was so great that I continued to ponder it throughout the rest of the meeting.
I owe, I owe. So it's off to work I go.
Have you ever wondered how to get a better deal from your bank?
In this blog we discover some simple and easy ways to both save bank fees and get a lower interest rate on your personal, home and investment loans.
Twenty one years, three months and a few days ago I looked up into a star filled night sky and I was overcome by feelings of regret, fear, loss and embarrassment.
I didn’t like where I was, what I had become and what the future would hold if I was to continue down the same path I was on. I also remember thinking massive change only comes from massive action.
And so on my 25th birthday I decided, committed and began down my own "road less travelled".
Today I'm a few decades further down my road as I continue on life's journey and with the luxury of hindsight and experiences can now reflect back upon and share with you what worked what didn’t and the “one-two thing” to do every day.
Only Three Ingredients Needed for Your Success
Just like when my personal computers freeze because I have too many programs open so to my decision making freezes when I have so many competing important matters in my life.
This got me thinking about how to solve life’s problems from the perspective of an IT help desk.
Life has taught me when I choose to neglect a problem so too does my probability of an epic crash increase. When talking with others about my problems I’ve also found that most of us share similar if not the same problems and fears. Most importantly our problems are not unsolvable.
Often I've experienced many of my life’s problems solved simply by updating an old program or as I call it my daily routine. If this update doesn’t work then I research better programs to do the job and install this new program i.e. daily routine into my life.
This blog is not based on new theories, new ideas or new philosophies; it‘s simply a collection of experiences, insights and discoveries on a journey to financial independence over the last twenty years. As such the blog hasn’t just happened it’s evolved.
On the journey to financial independence we've read a lot of financial books and information. Most of such assumes financial success determines our quality of life and experiences. While on the surface this sounds logical, real life experience has taught us otherwise.
For example our decision to either save, borrow, buy, invest or sell is not in fact to make more money; but to experience an emotionally inspired feeling and certainty of security, freedom, choice, independence, deeper relationships, increased stature and happiness. All which directly enhance our quality of life.
Early into this journey of financial independence I (Peter) found myself quickly out of my depth and questioning my own abilities be them emotionally, financially and my courage to commit.
Making better financial choices is the key to unlocking higher returns.
So why is creating wealth counter intuitive?
Simply because the more we touch our money, the less it grows.
The following are five age old and proven ways to help you accelerate our wealth, keep it longer and enjoy it more.
“The middle is messy but that’s where the magic happens” Brene Brown
I love ice cream any time of the day and I especially love an ice-cream on a hot summer day.
Today is one of those days, 31c with 95% humidity, so it feels very hot.
As I sit back and enjoying this simple pleasure of eating an ice-cream my mind wanders back to happy childhood memories and dreaming about what I wanted to be when I grew up. I remember liking trucks; wanting to be rich and become someone important.
Like most people I had no idea what this meant or what I really wanted to do.
We all make choices, but in the end our choices make us
Or put another way;
Our success is dependent on our decision to choose the activities that will propel us towards our goals compared to those that will hinder us.
When I first began savings I set myself a challenge to have a money free weekend once a month. In fact I found the challenge so addictive and fun I'm still doing it twenty two years later.
Remember the media, marketers and advertises all want one thing. Our money! They do this by selling the perception that you buying what they’re selling will equal’s happiness for you.
The following is a list of activities that require no money to participate in; however they all provide the foundation to experience a higher quality of life; for you and those important to you.
$10,000 Money Saving Ideas:
- Instead of buying books join a library. Libraries today are more than books; they have DVD’s, newspapers, free internet, books of course. Free. Savings estimated $250 pa+
- Make lunch with from previous dinner and bring to work. Savings estimated $2,500 pa+
- If you live close enough to walk/run/ride to work or public transport, only use the car on weekends or alternatively car share. Savings estimated $1,000 pa+
- Ensure bank accounts, credit cards have no annual fees or ATM withdrawal fees, only withdraw from Banks ATM or affiliates so not to attract transaction fees. Savings estimated $250 pa+
- If possible choose public transport over taxi. Savings estimated $500 pa+
- Wash own car & iron clothes instead of car wash or cleaner. Savings estimated $500 pa+
- Review/shop insurance premiums annually for savings. Savings estimated $500 pa+
- Meal coupons, shows, vouchers etc... (dining out regularly). Savings estimated $2,500 pa+
- Hold off expensive purchase/gifts until sale time and/or shop at outlet or online so to minimise risk of overspending and of unnecessary compulsive purchases Savings estimated $1,000 pa+
- Buy in bulk cleaning, personal care, staple goods when on sale. Savings estimated $1,000 pa+
$10,000+ Money Making Ideas
- If you don’t mind branding your car as a moving billboard you can earn approx $5,000 pa
- In your spare time become a mystery shopper/write product reviews/research market group earn approx $2,500 annually in addition to receiving free products.
- Start a business aligned to your passion online/markets etc...It’s a great way to meet people of similar interests, make some extra cash, potential tax deductions and learn about biz.
- While it’s not a guarantee becoming more qualified in your profession. Higher earnings have research to be linked to higher qualification of approx 15%-25%+ more than unskilled roles.
- Consider ways to maximize your rental return if you have an investment property. Properties furnished white good properties can increase weekly rentals by an additional $50 pw or $2,500 pa and are deductible items for tax.
- Become an extra for movies, television, commercials and earn up to $500-$1,000 per day.
21 Free Positive Experiences & Activities Challenge
- Get creative. Write poem, a short story, a song, your memoir, blog, a diary, draw etc
- Learn a new & interesting skill. An entertaining magic trick, a new language, astronomy etc...
- Walking tour around your city, learning history and famous historical landmarks and markets
- Visit parks, forests, gardens, beach get out doors... maybe have a picnic there too.
- Exercise. Getting fit doesn’t require a gym. Go for a run, bike ride, free weights, yoga etc.
- Spring clean and sort/donate your old clothes/items. One part chore another you will feel great and de-clutter you environment.
- Maintain your stuff. Sharpen your knives, weed garden, wash vehicles and fix small things etc before they become bigger problems. Feel great and proud you take care of your things.
- Get sexy. Candles, flower petals, bath, massage with a partner...
- Sort your old photo album and label where, when and your feeling at the time.
- Try solving a crossword puzzle, Sudoku, What’s different in these two pictures? etc...
- Visit the library, an art gallery, museum in your city. Most, if not all are free entry.
- Find an inspiring interesting book at the library you would like to read and read it.
- Grow something from seed. Feel great that with your care, you are encouraging life to grow!
- Volunteer for a cause you are passionate about or offer to help out a friend or neighbor. Meet other like minded people, do something nice for someone else and feel great.
- Get your finances in order, accounts, check correct payments, receipts for tax, write a will, do some goals planning you will fill more confident and have greater peace of mind.
- Attend a free community class, or concert, a free intro offer class, or religious service.
- Play a game with family and/or friends, Sherade’s (sounds like?), hangman or a board game/card you have.
- Catch up with family or old friends for a chat, if they are far away write a letter, card or email
- Have a nap. Life can get hectic so remember to take care of yourself too, i.e. rest & recovery
- Mentor someone and be mentored by someone. We stop growing we go backwards in life.
- Schedule your life and stick to it. Allocating me time (reflection), exercise time, relationship time, career time, self development time, home chores, preparation for next day, and fun experience time. This will help you stay on track with self accountability and the small goal you achieve for yourself will build your confidence to take on bigger goals.
If you are stuck in a funk or you’re lost in a cloud of complexity feel free to contact me. Most often in life we just need someone to talk things through and to lighten our load a little. The following article may also be of help.
Are you in the way of your own success?
Financial independence made simple
From little tings big things grow
The story of 4 horses
Live your ideal life without financial concern
This post was written by Peter Horsfield, as such they are his personal views.
About Peter Horsfield
Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.
Successful people have this over their rivals; they know why, where and how to reach their goals sooner.
- Are you on track?
- How much do you need?
- How long will it take?
- What are my risks?
Because action beats intention every time!
Venue: In Person or online
Duration: 60 minutes.
Our Guarantee: If you don't experience greater clarity, confidence & certainty about your money and what to do, you wont pay us a cent.
Warren Buffett was famously quoted “Only when the tide goes out do you discover who's been swimming naked”. And I’m sure you would agree with me that the tide has now definitely gone out!
So who’s been swimming naked and what does it mean to you?
Hint? They’re endorsed by “the barefoot investor”.
Back in March 2019 Sam Sicilia Hostplus’ CIO (Chief Investment Officer) was interviewed by Bloomberg. Saying and I hope this was a miss quote
“Hostplus has held no cash since at least 2011 and bonds in its portfolios were effectively zero over the past three years, according to Hostplus. The firm prefers stakes in office buildings, pipelines and emerging technology”.
Fact since March 2020 (12 months after that interview) Australian and Global shares have lost over 30% of their value.
What about unlisted assets?
24th March 2020 Mark Delaney CIO at Australian Super (Australia’s largest superannuation fund) reported Investment magazine “the market downturn triggered from the outbreak of the coronavirus had seen the value of its unlisted assets fall by 7.5 per cent on average”. On the 25th March 2020 Unisuper have also reported cutting their onlisted infastructure by 6% and unlisted property holdings by 10%
Hostplus are yet to report any decline in value to their unlisted assets but one would expect they may also decide to do so and revalue down their unlisted assets as other industry funds are doing so too.
But what’s concerning me more is….
What does a stock market correction really look like?
Over the past 31 years, the S&P 500 has undergone three corrections that turned into bear markets, where the S&P 500 lost 20% or more of its value.
What's more interesting than just the sheer number of corrections is how long they tend to last?
Of the three bear markets, which resulted in respective declines of 33.5%, 49.1%, and 56.8%, took 101 days, 929 days, and 517 days to go from peak to trough.
Two things you absolutely should do during a stock market correction
First, don't panic.
In 35 out of 35 instances since 1950, the S&P 500 (America’s version of our ASX 200) has erased any stock market corrections totaling 10% or higher at some point in the future. That's a 100% success rate over nearly three dozen data points.
So buying any major dip is about as close to a guarantee as you're going to get when it comes to investing in the stock market.
It also means that if you already hold shares in profitable companies, chances are that your original investment theses for the stocks you own still holds true, even if they've followed the stock market lower.
That said anytime is a good time to review why you bought the stocks you own and ensure that thesis still holds water, a correction is an even more in-your-face reminder to do so. Only when there's been a material change in the business and/or your investment thesis does it make sense to sell a stock.
Remember, with the exception of the most recent correction, bull markets have erased each and every correction and bear market in the ASX200, DOW and S&P 500 since their inception.
Great businesses tend to increase in value over time, which is a great incentive to buy and hang on over the long run.
Secondly.Buying and holding is truly the most effective strategy.
You might be wondering why you can't just dive in and out of a share markets at the first hints of stock market trouble and then jump right back in after an official correction of 10% has been reached.
The answer is pretty simple: Timing the market with any long-term accuracy isn't possible.
Researchers from Vanguard undertook the following test.
While share market corrections are scary, they are in fact normal and welcomed by long term savvy investors. I also understand that if you are highly leveraged and investing in high risk speculative shares you probably won't share my optimism. The same too for those fully invested and rely on their investments to generate an income however a well diversified asset allocation is designed specifically to dampen the volatility of single asset classes i.e. weather the storm.
The following are my 10 reasons why and how share market corrections are good for everyone especially investors.
- Many discretionary items will be cheaper i.e. travel, cars and electronics. Why? Because sellers need to sell to survive and they will discount stock to maintain volume in trying to ride out the consumer pull back in spending.
- If you have shares and a dividend reinvestment plan your dividends will be reinvesting/ buying you shares at a lower price i.e. buying more for your dollar. Often a correction is a discount of share price, not a drop in dividends.
- As a dividend return on investment investors dividend returns will increase. If a company’s dividend remains unchanged at $0.50 and the share price drops from $10.00 down to $5.00. Buying the share at $5.00 the dividend return will have increased from 5% to 10%.
- Your regular contributions into your super i.e. SGC (Super Guarantee Contribution) and Salary Sacrifice will buy more for your contribution dollar. So with more shares and when the share market rises in the future (as it always has) you will have more shares and they will be worth more.
- To stimulate economies and keep money circulating in the economy governments and central banks often lower interest rates and provide fiscal stimulus to the markets. i.e. they provide a capital injection to support business and slow further downside.
- It sorts out the pack. As they say a rising tide lifts all boats however when the tide goes out it reveals who’s not wearing bathers. Good quality companies, with good management and good process not only survive corrections, they go on to thrive post the correction because of less competition.
- You may have the opportunity to minimize tax. If you unfortunately do realize a loss, this loss may be carried forward to offset future capital gains and minimize your future capital gains tax.
- Nearly everything on the share market is sold down. This opens up asset miss pricing and the opportunity for investors to buy great companies at discounted prices.
- If we observe historical share market charts most gains in share prices and markets occur within the first six to twelve months post a correction while longer term valuations are factored back into share prices and market valuations.
- The last reason is increased investment confidence. Generally speaking if you are investing into a good company (increasing ROI- Return on Investment, good management, competitive advantage, low debt etc.) and the share price has come down significantly. The probability of the share price going down significantly further is often less than the probability of the share price increasing in value i.e. capital loss downside is less.
General Advice Disclosure
Sources of this information are considered to be reliable but are not guaranteed. Information published in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this document is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs.
About Peter Horsfield
Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523
Well friends, 2019 is now dry cement.
However before we embark on our plans for 2020 I’d like to share the ups and downs, successes and failures of the 2019 that was.
I do this to keep myself accountable and inspired on this journey called life. As a reference point click the 2017 Benchmarking Success link here.
The past maybe dry cement, but I believe it’s also important to also celebrate how far we’ve come, reflect on where we could have done better and put myself out there publicly as a form of motivation to do the work I need to do in making my plans a reality.
I hope that you find my wins, stumbles, and insights help you on your own journey to getting the most out of your life.
Each year I ask and I answer three basic questions.
- What went well?
- What didn’t go well?
- What to do better?
Feel free to apply a similar format and use for your own journal.
What went well in 2019?
As I like to begin on a positive let’s cover the wins of 2019. Here’s what went well in the year that was.
Our first encounter was at was at a training event. In truth a non-event would have been a better description.
Our second encounter was in an elevator. And my unplanned elevator pitch “Do you work here?” was to become my one liner, because by the time we were outside the building I had discovered this goddess standing in front of me had recently returned from overseas, was also a financial planner, just moved to Kirribilli and like me also loved to travel.
Jump forward 3 months on a semi daily basis we were working together i.e. I was a junior adviser and she a senior advisor. Meaning in the hierarchy of banking, I was to refer larger investing customers to a more senior staff
Twelve months later we were married and jumping forward another ten years I'm now running my own financial planning business and in need of a qualified, committed employee whom I could whole heartedly trust, Who could fill such a position and expectations? I know.... my wife.
Many of you would advise me against my decision, along with giving me many valid reasons. Others would congratulate both my wife and I, while in the same breath ask us “how on earth we do it?” Our answer always the same “You just do!”
If you have your own business you're already well aware of the many risks and benefits of working with your spouse.
With this in mind and with the clarity of hindsight (approaching twenty years of marriage and eight years working together) the following is my Good, Bad and Ugly list of what us brave souls who work with their spouses will most probably experience.
The good news is…..
- You’re in this together. Meaning that together you will live and breathe your goals, your hopes, struggles and success together, in both life and business. Just as in marriage you are in business together. For richer, poorer, in sickness and in health, you are not alone, your spouse will be right there beside you. For anyone in business just knowing you have this level of support is often what gets you through the dark times.
It’s interesting to note that successful business also have exactly the same ingredients and characteristics as successful marriages. They have trust, appreciation, acknowledgement, pleasant surprises and the sacrificing of ones ego for the benefit of the other. Implement these ingredients in business and so too will your relationships by their very nature be enhanced along with experiencing something more enriching than just tasting success on its own.
- Your business is transparent. The truth is results always require action. “An inch of action always goes further than a mile of good intentions”. The good news is working with your spouse will be held accountable to your actions, in business and at home 24/7 and 365 days a year. You each have a very good idea of what each other is doing, or not doing.and by knowing so you will be more motivated to do the work required i.e. action!
Strengths, weaknesses, outstanding and completed tasks quickly become apparent and allow each spouse to contribute to the solution and again by doing so, deliver a better outcome for all. As we both like to say “so nothing falls through the cracks”. It is this doing, reviewing, doing again and holding each other accountable along the way that we have come to have greater confidence to achieve both our businesses and personal goals, on time, on budget while staying on track.
The bad news is……