What Is Your Financial Future?

June 9, 2010

Interview with Saly Glassman, author of the book It’s About More Than The Money

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Mike Carruthers:
Planning out your financial future, some people are very good at it but a lot of us don’t really have a detailed plan – we just kind of hope for the best.

Saly Glassman:
Well that’s one strategy, put your head in the sand and what you don’t know won’t hurt you and that’s all fine – but that’s very “disempowering”.
 

Financial advisor, Saly Glassman, author of the book It’s About More Than the Money…

And sometimes there just isn’t any substitute for legitimate hard work.

Too often our financial goals are very vague and general.

For example; “Well I want to retire comfortably”. Well what does that mean? So you might say, well I really want to live in say a resort. I want to know that my kids are successfully through college. I have hobbies that are very important to me, I want to make sure I can pursue them in retirement. WE need to put a price tag on all of these things. Add it all up and look at whether it’s even a reasonable expectation with the resources we have and the time we have.

You don’t have to do this all yourself, says Saly, there are plenty of good financial advisors. But you do have to have a basic understanding of where you’re headed.

So that you can then hire someone who will communicate with you and whom you can have confidence. There’s nothing wrong with delegating the administering of your finances – but that is not an abdication of all involvement.

To hear the complete unedited interview, click here