Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
The One Thing Your Financial Plan Can't Live Without
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A good financial plan will contain many elements: a source of cash flow, assets that are matched to liabilities, tax management, and investment oversight, to name just a few. And while these are important parts of a financial plan, there is perhaps one additional component that is above all else: room for error.
In investing, as in life, there are certain scenarios that can break you - perhaps permanently. So one of the most prudent things you can do is to avoid those situations completely. When your best financial plan doesn't always go according to plan, you must have enough room for error to allow enough time to let the odds fall in your favor.
How, exactly, does that work? Learn all about it from podcast host Johnny Dean and "Professor" Rick Plum, CFP® on today's episode of Managing Your Financial Future!