What do you think would happen if most people spent as much time planning their retirement and investments each year as they spend watching football? I suspect we’d all have a lot more money, be better prepared for retirement, and maybe even 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 tri-sport letterman in high school, lettering in football, basketball, and baseball. He was a member of the Ricks Junior College soccer team and today is a youth soccer coach. But that doesn’t mean he doesn’t value financial planning and realizes 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, “Football Financial Planning,” into three sections: Defense; Offense; and coaches, special teams and systems. Then, in each section, he looks at a valuable asset for his retirement or investment portfolio, comparing that investment to a football 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. Players on his offense include 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. better. possible game plan for yourself.
I have read several financial planning books in the past and they are all helpful in various ways. What makes Football Financial Planning stand out is not just 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 in itself, the book can also be accessed to refer to and find specific items later.
Steve makes the discussion easy to follow, and it really got me thinking about the different financial options out there and why some would be great assets to have on my team while others wouldn’t. 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 make the decisions on the plays.
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 complete, asking questions about things like insurance deductibles, projected cash value, or income so people can write down all of their information. and keep it in one place. location easy to find and remember, as well as evaluate the different possibilities that exist for his financial game plan.
In the end, Steve’s whole system comes down to determining which system or philosophy works best for you because no one team will work for everyone. Steve underscores this point with the following story:
“In order to win a game (to score high on your investments), it’s very important to have a system (philosophy) that matches your quarterback’s skills and talents. One college that has produced many great college quarterbacks is Brigham University. Young (BYU) However, not all of BYU’s great quarterbacks have had success in the NFL I once heard former BYU coach Lavell Edwards say that he believes Marc Wilson, one of his great quarterbacks field, you would have been more successful in the NFL if you had played in a different system. The point here is that you need to make sure that the system and philosophy that your coaches implement matches 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 buying term life insurance for an outside linebacker and invest the rest in mutual fund brokers. This person’s system may also include telling you to never buy a variable annuity. Everyone’s situation is different, so everyone else’s team 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 get your financial picture straight and be ready 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 will have a huge savings that will last you the rest of your life.