Financial Planning’s Super Bowl

Because I’m from Pittsburgh, this year’s Super Bowl had a special meaning for me. The Steelers’ Super Bowl victory was like a bolt of lightning striking the city. Everyone is swept up in the frenzy created by our winning football team. But I don’t think I’m like any other Steeler fan. Yes, like everyone else, I yelled, jumped, and swung a Terrible Towel, but the Steelers offence reminded me of how a well-written financial plan works! Have a look at E.A. Buck Financial Services – Greenwood Village Retirement Planning Specialists for more info on this.
Because so much of what a football team’s offence does is similar to what will happen to you while managing your personal financial plan. The offense’s goal, like your financial goal, is to show progress and score on a regular basis. In football, touchdowns are referred to as scoring. That means more money in your pocket in your life! Sure, there will be setbacks, but a sound financial strategy/offense will earn far more money/yards than it loses.
The Coordinator of Offensive Operations
In football, the offensive coordinator devises a variety of strategies to help the team overcome each opponent. He then combines all of those strategies into different play packages. Each play and series of plays is designed to overcome the anticipated weaknesses of the opposing defence while also propelling the team forward. He is also responsible for collaborating with the coach to instil discipline and integrity in the players, allowing them to continue to succeed even when the practised plays fail.
Your financial plan’s offensive coordinator is you. It is your responsibility to have researched and planned for the financial problems you will face during the year. If you are sufficiently interested in your financial planning, you should have a clear idea of the expenses you will face in the coming year. Unexpected expenses will inevitably occur, but a successful coordinator will have contingency measures in place to deal with them.
In order to optimise your efforts, as the financial offensive coordinator, you will pull together the strengths of each “position” on the team. You’ll also figure out how to get past the “security,” which is designed to hold you back.
The Attorney General’s Office
The primary aim of the defence is to halt your forward progress and drive you down. A defence, like life’s unpredictable problems, will come up with surprise plays and catch you off guard if you are not prepared. Consider some of the variables that can throw your budget off. On the way to work, you find a huge pothole, which completely breaks the new tyre you just put. On Super Bowl Sunday, just before kickoff, the furnace breaks down. Groceries and gas prices rise just as your employer tells you that there will be no pay raises this year. You slip and injure yourself severely enough that you will be unable to function for the next six weeks. Unexpected incidents can occur in your life.
You may believe that there is a mysterious force out there trying to make you sweat. The truth is that you are not being singled out; “life happens” to everyone at some point. The important thing to remember is to be ready. You’ll be in a lot better place to cope with whatever life’s “safety” throws at you if every position on your financial offence is playing to their full potential.
The quarterback’s role
It is your duty as the quarterback of your financial plan to stick to the budget and guide the activities on the field of play so that positive gains are achieved and losses are kept to a minimum. Life is your playing field. As the quarterback, you’ll identify possible challenges or opportunities so that the appropriate amount of focus is given where it’s required.
The team will be led by the quarterback, who will use the ball to propel the team forward. The whole squad heads up to where the ball is spotted when the quarterback has the ball moving forward. The budget, in a way, is your football because it reflects the money you’ll use to improve your quality of life.