Control the Controllables of Financial Planning

When it comes to financial planning there are things you can control and there are things you cannot control. You shouldn’t give a second thought to the things you cannot control.

After all, nothing you do will ever control those situations.

Examples of things you cannot control:

• The economy
• The markets
• The weather
• Government policies (taxes, Social Security)

Did “the weather” being on that list throw you off? It shouldn’t – it’s just as fickle as the other three.

When it comes to the things you CAN control. You shouldn’t worry about those either.

After all, you CAN control them.

Examples of things you can control:

• How much you save and spend each month
• What “tax bucket” you invest in
• How much exercise you get
• How you split your investments between stocks, bonds, & cash

Did “exercise” throw you off? It shouldn’t – after all, health is wealth.

Control the controllables and forget the rest.

David Lardinois is a local financial planner with Investment Designers. He provides comprehensive financial planning services to young professional individuals and families in the Fox Valley area. He has no investment minimums and believes everybody should have equal access to quality financial advice. You can connect with Dave on LinkedIn or send him a note at david@investmentdesigners.com.