What do you think would happen if most people spent as much time planning for retirement and investing each year as they spend watching football? I suspect we would all have a lot more money, be better prepared for retirement, and maybe even be able to afford Super Bowl tickets every year.
Steve Roberts, with nearly twenty years of experience in the financial industry, knows that most people, himself included, would rather play or watch football than the stock market. After all, Steve himself was a three-sport letterman in high school, letterman in football, basketball, and baseball. He was a member of the Ricks Junior College soccer team and is now the youth soccer coach. But that doesn’t mean he doesn’t value financial planning and realize its importance. What it does mean is that he had the bright idea to write a book on financial planning using soccer metaphors to make the subject not only more interesting but easier to understand for his many readers.
Steve divides his new book, “Soccer Financial Planning,” into three sections: Defending; Insulted; and coaches, special teams, and systems. Then, in each section, he looks at a valuable asset for your retirement or investment portfolio, and compares that investment to a soccer player. For example, he compares auto insurance to a defensive tackle and universal life insurance to an outside linebacker: these are players on his defense because he needs them to protect his assets. The players in their offense include the center (his checking account), a right tackle (fixed annuity) and a tight end (bonuses). Steve realizes that you may not always need every player on your team, but he walks you through the benefits and drawbacks of each player so you can decide who you want on your team and how you can use those players to create what you want on your team. better. possible game plan for yourself.
I have read various financial planning books in the past and they are all helpful in various ways. What makes Football Financial Planning stand out is not only that the football metaphor is fun, but the way Steve breaks down the team makes each player or financial tool very easy to understand; Because each player/investment product is a chapter unto itself, the book can also be accessed to refer to and find specific items later on.
Steve makes the discussion easy to follow, and really got me thinking about the different financing options out there and why some would be great assets to have on my team while others would not. In the end, he reminds us that each of us is the owner of the team and even the quarterback of our own team, so we have to call the shots.
As an added bonus, Steve provides game charts for avid football fans so they can see how their financial offenses or defenses stack up. At the end of each chapter, it also provides a short chart or worksheet for the reader to fill out, asking questions about things like insurance deductibles, projected cash value, or income so people can write all their information. and keep it in one place. location easy to find and remember, as well as assess the different possibilities that exist for his financial game plan.
In the end, Steve’s entire system comes down to determining which system or philosophy works best for you because no one piece of equipment will work for everyone. Steve underscores this point with the following story:
“To win a game (score heavily on your investments), it’s very important to have a system (philosophy) that matches your quarterback’s skills and talents. One university that has produced many great college quarterbacks is Brigham University Young (BYU), however, I once heard former BYU coach Lavell Edwards say that he believes that Marc Wilson, one of their best quarterbacks, would have had more success in the NFL if he had played in a different system. The system and philosophy that your coaches implement is tailored to your needs and abilities.There are systems that others are pushing and selling that work for most people, and may work for you, but may not be the best fit for you.Some Examples of Systems that people may be pushing are to buy term life insurance for an outside linebacker and invest the rest in mutual fund brokers. This person’s ma may also include telling you to never buy a variable annuity. Everyone’s situation is different, so everyone else’s equipment may look a little different than yours; the important thing is to find the system and the trainers that work for you”.
Whether you love football or just want to clear up your financial situation and be prepared to score a game-winning touchdown when it’s time to retire, Football Financial Planning can give you the tools you need now to create the investment system that works. for you. Then, when the game is over, you’ll have a huge save that will last you the rest of your life.
