No one ever wants to think about their plumbing.
Picture it: all those pipes inside and beneath your house, criss-crossing like a maze of tunnels. Rattling whenever you flush the toilet or run the dish washer. Rusting as they get old. Freezing every winter.
Now ponder the incredible load those pipes must bear. Gallons of water and waste every day, all so you can enjoy potable water, warm showers, and a sanitary home.
It’s no wonder people rarely think about their plumbing. Most pipes are out of sight and out of mind – and no one wants to imagine a world without them. No, it’s only when the plumbing breaks that people think about it. Only when your laundry room is flooded, or your toilet backs up. Only when you’re forced to call a plumber at midnight and pay the hefty bill.
As a financial advisor, you can probably guess where I’m going with this. In my experience…
…no one ever wants to consider their financial plumbing either.
What is financial plumbing, you ask?
It’s all the financial areas in your life you’d rather not think about.
Like taxes.
Or long-term care insurance for your parents.
It’s examining the mix of investments in your 401(k).
It’s paying attention to recurring expenses.
Examining your spending habits.
Looking at old investments you made that you never got a second opinion on.
It’s your financial preparations for a natural – or economic – disaster.
You get the picture. If you imagine your entire financial situation as a house, then areas like your income, primary investment portfolio, and debt are your kitchen, bedroom, and living room respectively. They’re where you spend the most time.
But there are so many other financial areas most people just don’t think about. They’re areas that support the rest of your financial life. If they’re in good working order, it’s much easier to enjoy your ideal lifestyle, maximize your wealth, and meet your goals. But if any of them break, they can be a real drain on your finances.
That’s why, as a financial advisor, I want to help get your financial plumbing in order before anything breaks.
You may save money by having your pipes checked before there’s a problem. The same is true for your finances.
Last week you may have received a questionnaire in the mail regarding your financial plumbing. If you did not, CLICK HERE to see what areas of your financial plumbing may need repair or tweeking.
Ask yourself: would you rather examine your financial plumbing now…or later, when there’s a flood in the basement? Even a slow drip over years can be a disaster!
After reviewing the different areas of financial plumbing, give me a call and we can set up a time to discuss.
