A key to achieving a financial goal
It’s human nature to generalize our goals.
“I’ve got to start exercising” is a common
one. But a key to achieving a goal is to first
identify one specific step. For example,
starting to exercise becomes taking a brisk
walk every day.
The same idea applies to wealth planning goals. Say that someone’s general goal is to take their estate planning – which currently only consists of having a will – to the next level. They identify their first specific step as contacting their lawyer to get a power of attorney for property (mandate, in Quebec).