Wealth Experience Institute

Investments

It’s the Goals Management Process, Stupid

It’s the Goals Management Process, Stupid

Most planning software does not effectively help people set financial goals, nor manage them as life unfolds. A couple of reasons why most financial planning software misses the mark is that it frames 1) goals as point estimates and 2) priorities in simple, absolute rank order terms. There is never a single number for each goal, nor a rank absolute set of priorities. In reality, people think of goals in terms of ranges and of priorities relative to progress – meaning your relative priorities change as you progress from acceptable to ideal.

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