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What do you think would happen if most people spent as much time every year planning for their retirement and investing as they do watching football? I suspect we’ll all have a lot more money, be better prepared for retirement, and maybe even buy tickets to the Super Bowl every year.
Steve Roberts, with nearly twenty years of experience in the financial industry, knows that most people – including myself – would rather watch or play football than the stock market. After all, Steve himself was a three-sport letterman in high school, lettering in football, basketball, and baseball. He was a member of Ricks’ junior college football team, and today he coaches youth football. But this does not mean that he does not value financial planning and does not understand its importance. This means that he had the brilliant idea to write a book about financial planning using football metaphors, which makes the subject not only more interesting but easier to understand for many of his readers.
Steve divides his new book, “Football Financial Planning,” into three sections: Defense; Crime; and coaches, special teams and systems. Then in each segment, he discusses a valuable asset for your retirement or investment portfolio, and he compares that investment to a player in football. For example, he compares auto insurance to a defensive tackle and universal life insurance to an outside linebacker—these are the players on your defense because you need them to protect your assets. The players in your offense include a center (your checking account), a right tackle (fixed annuity), and a tight end (bond). Steve realizes you may not always need every player on your team, but he walks you through the pros and cons of each player so you can decide who you want on your team and who you How can use those players to make the best. Possible game plan for yourself.
I’ve read many financial planning books in the past, and they’ve all been helpful in different ways. What makes Football Financial Planning stand out is not only that the football metaphor is fun, but the way Steve breaks down the teams makes it very easy to understand each player or financial tool; Because each player/investment product is a chapter in itself, the book is also accessible to refer back to later and find specific items.
Steve facilitates the discussion, and he really got me thinking about different financial options and why some people would be great assets to have on my team while others would not. Finally, 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 make the decisions on plays.
As an added bonus, Steve provides play charts for avid football fans to see how their offense or defense stacks up. At the end of each chapter, he also provides a small chart or worksheet for the reader to fill out, asking questions about things like insurance deductions, estimated cash value, or income so that people can write down all their information and add it to a Can keep in Easy to find and remember locations, as well as evaluate the different possibilities that exist for their financial planning.
In the end, Steve’s whole system boils down to determining which system or philosophy works best for you because no one team will work for everyone. Steve highlights this point with the following story:
“In order to win a game (scoring big in your investment), it is very important to have a system (philosophy) that matches your quarterback’s abilities and talents. One university that has produced many great college quarterbacks is Brigham Young University. (BYU) However, not all of BYU’s great quarterbacks have found success in the NFL. I once heard former BYU coach, LaVell Edwards, say that he believes Mark Wilson, his One of the great quarterbacks, would have been more successful in the NFL if he had played in it. A different system. The point here is that you need to make sure the system and philosophy your coach implements fits your needs and abilities. There are systems out there that are pioneering and selling that work for other people, and they may work for you, but they may not be the best fit for you. Some examples that people are stressing are buying an outside linebacker term life insurance and investing the rest in mutual funds. Investing in the account. This person’s system may also include telling you never to buy a variable annuity. Everyone’s situation is different, so everyone’s team may look a little different than yours; The important thing is to find a system and coach that works for you.”
Whether you love football or you just want to be clear about your finances and ready to score a game-winning touchdown when it’s time to retire, football financial planning can help you build an investment system that works. Can provide the necessary tools for you. Then, when the game is over, you’ll have a luxurious nest egg to last a lifetime.
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