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Are you on a financial Road to Nowhere? Thumbnail

Are you on a financial Road to Nowhere?

Kenversations

As the holidays approach and people start travelling, I'm reminded of a story I heard at a development conference a few years ago. (I will paraphrase)

A flight to Chicago is boarding at the end of the day. One man is sitting in first class, tie loosened, shoes off and drink in hand. He is so very comfortable.

During the preflight instructions from the flight attendants, the often uttered and always ignored phrase "Welcome to flight 123 bound for Chicago. If Chicago is not your final destination, not might be a good time to gather your things and depart."

Mr. Comfortable popped out of his seat, spilled his drink and hollered "I'm not going to Chicago! Don't close that door!"

Clearly, the story is much funnier when told properly, but there is a reason why I remember and use it in client meetings.

Why did Mr. Comfortable get off the plane? Because that's what you do when you discover that you are going somewhere you don't want to be.

When did he get off the plane? The SECOND he found out! Because the moment you realize the path you are on is NOT where you want to go, the only reasonable course of action is to get off that path and on the Right Path.

Sometimes in life, you are on the right path, other times, you aren't. The key is to figure out which one you are on and make the necessary changes. That's why Step 1 in Financial Planning is goal setting. How can you get on the metaphorical plane if you have no idea where you are going?

If you are not on the right path to reaching your desired destination, how long are you going to stay on the plane flying you to the wrong destination? Call our office and let us help you find the Right Path.

Kenneth Coombs CFP CHS RRC

Ken has 13 years experience in the financial services industry, is a Registered Retirement Consultant and a Certified Financial Planner. Ken has written financial planning columns and has been a guest on financial radio and podcast programs. 

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