Plan 2 Prosper

One page summary of investment markets for client distribution.

Investment and Economic Outlook

I recently received an email from one of the various subscriptions I have. At first I thought … Here we go, another feel good lift me up blah blah. It must have been one of those days.

To cut a long story short, I followed a link to a clip which changed my attitude to the week that had just been.

Facing the Giants !!

“People need to live their values, and let their kids see them doing so” … observed Elisabeth Guthrie author of ‘The Trouble with Perfect’.

When children are trying to decide whether to spend their entire allowance like their friend do, a money values vocabulary can help them resist peer pressure. They can say to themselves, “I believe in saving at least some of my money for more iportant things in the future, so it doesn’t make sense to spend it all each week on these games.” (more…)

The key to the success of any succession plan is ensuring that the value of your business is maximised when you are ready to sell. This succession planning takes time; it cannot be done overnight and it cannot be done without proper planning. Too many people in business have made (and continue to make) the grave mistake of failing to plan their exit from the day they start their business. What many business owners fail to understand is that succession planning is not simply an exit strategy. It’s also an entry strategy for those assuming responsibility – whether family, employees or an external buyer. Good succession means smoothly transitioning the ownership of your business.

For a combination of personal and business reasons, Mike Walter of Garvan Financial Planning (trading out of Yeppoon) was ready to find someone to continue his life’s work of the past 25 years. In 10 years time I am sure Friday, March 16th 2007 will be looked back upon with many fond memories. 

After many months hard work, our planned acquisition of Mike Walters Yeppoon based Garvan Financial Planning business will be progressing another step further. Cindy and I look forward to the challenge of helping our many ‘new’ clients plan to prosper.

At the end of 2006 I received a book from a friend which was quite challenging and thought provoking. Thank you to that friend.

Tipping points are a reaffirmation of the potential for change and the power of intelligent action. Look at the world around you. It may seem like an immovable, implacable place. It is not. With the slightest push – in just the right place – it can be tipped. 

Parallels can be drawns to the many situations we face in life.

What is your tipping point?

I agree wholeheartedly with the comment attributed in the front cover of the book to the Sunday Telegraph:

… The point of the book is to try and analyse the seemingly magical processes by which some products, ideas an ways of behaving cross a threshold or ‘tip’ and take off, and, conversely, why so many fail … its account of the pivotal role that identifiable individuals play in the spread of ideas, information and trends is fascinating. It is also heartening: individual men and women can really make a difference.

The book was called “The Tipping Point” and was written by Malcolm Gladwell.

Have you read anything recently, which has challenged your thoughts and changed your thinking?

Some pertinent comment made available by MLC Financial Planning regarding the Australian & Global Economy. A one page document for easy reading.  Investment Review and Outlook Feb 2007