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4 Laws of Personal Financial Planning Success

4 Laws of Personal Financial Planning Success

July 26, 2019
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  1. Proper Teamwork: None of us is an expert at everything. More importantly, we often don't know what we don't know. Use experts and specialists to maximize your efforts and results. The more complex your life, the more your team should coordinate.

  2. Focus on Controllables: Don't waste time on things you can't control or predict (stock market swings, interest rates, political policy, global events)

  3. Prioritize: Put more energy and resources toward issues that have a high probability or a high impact on your life.

  4. Strive to be Simply Optimal: Avoid complexity unless there is (a) significant benefit, AND (b) you understand it.