Archives For Financial Planning

Getting Started Todd Burkhalter

 

It is often said, all is well that ends well. Or you may have heard the phrase, Finish Strong. If you are a Georgia Bulldog fan you will recognize, Finish the Drill. Each of these sayings are focused on the importance of finishing. Finishing well is absolutely important. I have seen a number of times when businesses or people get started and have no follow through or patience to see it through, resulting in failure. I agree that finishing well is important but you can’t finish well if you never get started.

 

John Maxwell says that Getting Started is the main step to Success. If this is the main step in the success process why do so many people struggle with getting started? Here are a few reasons why:

  • Complacency
  • Fear
  • Not knowing enough details
  • Lack of Focus
  • Lack of Clarity
  • Focused solely on small details
  • Lack of funding
  • Lack of Vision

I want to encourage you to get started on your dream and living the life that God desires for you. This certainly isn’t a permission slip for irresponsibility, however a nudge towards making that decision that you know is the right one. Formulate a big vision, a clear plan and surround yourself with the proper people and get started. These steps will alleviate the most problematic items from the list above allowing you to begin and finish well. Author of Intentional Living, Michael Hyatt, is one of my favorite leadership experts. I quote Michael often by stating, with action comes clarity. This statement has proven true many times on projects and business ventures in which I have been involved. Once you begin you start finding your way.

 

 

Hyatt quote

 

 

What is your desire? Tell us on Facebook, twitter or LinkedIn about the dream that you want to begin living. Let me know if we can assist you in the planning or execution of your dream.

 

Are You Ready Name and logo ad

 

 

Ready for what you may ask……

 

The short answer is for whatever comes next. Regardless if it is positive or negative, do you have your house in order? Recent events both globally and locally have emphasized the harsh truth that most people do not. For most of us the busy nature of life seems to be a roadblock standing in the way of preparation. A lack of money is often used as an excuse for not taking care of the items which we know to be important. So, what are these items which are so important to have in place?

 

When tragedy strikes it typically exacerbates when someone is ill prepared. However, there are times when positive events can occur and we are totally caught off guard. For example, I have seen small companies get approached by larger corporations to be purchased. As much as that sounds like a dream come true for a business owner; the smaller company, with poorly organized records and bookkeeping, wasn’t prepared to demonstrate their value. In this example being ill prepared resulted in a missed opportunity.

 

On a smaller scale, I have seen opportunities missed to invest, take a fun trip, take advantage of a good which have been missed due to a lack of liquid money available. Placing your savings or investments into plans which are restrictive can sometimes result in missed opportunities. Obviously NOT saving at all will likely create a poor result as well.

 

Upon the death of Prince many people have begun to speculate about the value of his estate and how it will be distributed. Early indication/speculation is that like so many celebrities there were no definitive plans in place. According to LexisNexis, 55 % of adults in America do not have a will. So, while Prince was an exceptional artist he was totally normal as it relates to his efforts in planning.  Being prepared is something that you address now. Age isn’t a determining factor regarding preparation. Recently, I have personally experienced several deaths close to me of which the oldest was 41 years of age. Clearly money in Prince’s case wasn’t the driving factor, so it must have simply been a feeling of I’ll get to it later.

 

The last 20 years of my career has been dedicated to assisting individuals and businesses with their preparedness. Being Ready brings a great sense of relief to you and your family. It isn’t only about preparing for the worst, it is also preparing for the best times.

 

 

 

are you ready tweet 2

 

 

Here is a list of the items we assist with to help our clients Be Ready:

 

Areas to Plan DP

 

We have the tools in place to ensure that You Are Ready. Our clients enjoy The Protection Savings and Growth Model and The Drive Planning Financial Dashboard. Take two minutes to view our short Video, Life In A Box, which explains The Financial Dashboard.

 

Whatever you do…. take the time to Be Ready! If you have any comments or questions please reach out to me directly or connect on-line via Facebook, LinkedIn or twitter.

 

 

 

Golf RE 10 questions blog

Are you considering purchasing golf real estate?

It is easy to be lured into the sales center of an upscale golf development. So be careful of the trappings that these lifestyle communities lay out. All of the warning signs may not be present to the real estate consumer. There have been numerous developments that have struggled through some of the past difficult economic times leaving behind a wake of unhappy landholders and hackers. A recent Linksliving magazine article suggested 10 Questions to ask if you are considering purchasing golf real estate. I have modified the questions from my experience and included my list below:

 

1)      Why do I want to buy golf real estate?

 

2)      Where is the developer’s money coming from and what is his debt ratio?

 

3)      What is the developer’s track record?

 

4)      How many sales has the community made this year?

 

5)      What is the community going to be like in a year? Five years?

 

6)      What happens if the community changes hands or files for bankruptcy?

 

7)      What do the employees and residents think?

 

8)      How much will golf cost? For me and my guests.

 

9)      How much will my property taxes increase?

 

10)   What are the demographics of the membership?

 

PSSSS ….. As a BONUS secret: Ask for more freebies…… they will provide them!

 

If this decision to purchase golf real estate is simply an investment there may be other investment alternatives to consider. However, if this is a choice that you are making to enhance your lifestyle then by all means “play through!” I would just encourage you to proceed with caution and make sure it is a good fit for your family.

 

Have you had a good experience with golf real estate? Tell me about it… 

 

What are additional questions that someone should consider before signing? If you have additional thoughts connect with me on Facebook or twitter to continue the discussion.