You don’t need a parachute to skydive; you only need a parachute if you plan to skydive twice. Likewise, you don’t need a good financial plan, you only need a good one if you plan to keep your wealth.

Wall Street can create statistical “white noise” that makes everything so complicated, when in reality, wealth management is very simple – it’s so simple as to be almost boring. Let me be clear, it isn’t easy, but it’s simple.

My job can resemble a broken record because good advice doesn’t change. Don’t pay fixed bills with variable money, establish your perpetual cash flow stream, and create a healthy “break glass in emergency” stash that can greatly reduce the stress of unexpected financial hiccups. Once this is done, you can enjoy the ride because you have the tools to survive and skydive another day.

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