top of page

Make Better Financial Decisions - (1 of 9) Introduction

 Better Financial Decisions with planassist in winter garden,Florida

A frustrating point for many is that income and net worth do not always correlate. Making more money seems to align with spending more money. At some point, we realize there is a critical distinction often overlooked between individuals with high incomes and those with substantial wealth. The distinction lies in the different financial decisions they make. Understanding this difference and the approach taken by the latter can offer valuable insights to guide our own financial decisions.

We delve into practical strategies frequently employed by those with significant assets to manage. Whether making decisions independently or with professional guidance, the aim is to reduce anxiety, boost confidence, and avoid common pitfalls that can undermine financial well-being.

At its core, this book is grounded in two key philosophies:

  • Financial success is not an event, it is the accumulation of financial decisions made over decades.

  • We must understand the advice before we will accept or implement it.


PlanAssist® summarizes three common financial planning strategies and attempts to simplify financial decision-making. It is the result of years of personally implementing these strategies and experience assisting clients with them, as well as across areas like investing, retirement planning, and debt management. The uniqueness is not in the individual strategies themselves, but in the combination and prioritization of how they help us with making our financial decisions.

The first two are commonly used and objective in nature, which you likely know but may not be doing. The third is more subjective and much more difficult to do because it involves people, psychology, and, unfortunately, our pride.

What You'll Discover

  • A plan with strategy makes financial decisions simpler.

  • Diversification based on time and purpose lowers anxiety and conflict.

  • Seeking counsel, both formal and informal, helps us avoid mistakes.

Get Our Professional Help

Frequently Asked Questions(FAQ)

1. According to the article, What is the critical difference between high income and substantial wealth?

- The key difference lies in the financial decisions made over time. High income doesn't necessarily equate to substantial wealth; prudent financial choices and strategies build lasting wealth.

2. Can you explain the core philosophies behind the financial strategies discussed?

- Yes, there are two core philosophies: Financial success results from cumulative financial decisions made over decades, not a single event. Second, understanding and accepting financial advice is crucial before implementing it.

3. What is the purpose of PlanAssist® as mentioned in the article?

- PlanAssist® aims to simplify financial decision-making by summarizing three common financial planning strategies. It combines years of practical implementation and client assistance in investing, retirement planning, and debt management.

4. What are the typical financial planning strategies PlanAssist® focuses on?

- The strategies include making informed decisions with or without professional guidance, understanding the importance of diversification, and the value of seeking both formal and informal counsel to avoid common financial mistakes.

5. How does PlanAssist® differ from other financial planning tools?

- Its uniqueness lies not in the individual strategies themselves but in the combination and prioritization of these strategies to assist in making better financial decisions.

6. Can PlanAssist® help me if I'm not making a high income but want to build wealth?

- Absolutely. PlanAssist® is designed to offer valuable insights and strategies for anyone looking to make smart financial decisions, regardless of their current income level, by focusing on wealth accumulation over time.

7. What does the article say about the role of psychology and pride in financial decision-making?

- It acknowledges that financial decision-making involves understanding people and psychology and overcoming pride, which can often hinder our ability to make objective and beneficial financial choices.

8. How can PlanAssist® reduce financial anxiety?

- By providing a clear plan and strategy for financial decisions, emphasizing diversification, and encouraging seeking counsel, PlanAssist® aims to lower anxiety and conflict surrounding financial matters.

9. What can I expect to discover from PlanAssist®?

- You'll discover a more straightforward approach to financial decisions, the importance of diversification, and the benefits of seeking counsel. The aim is to equip you with the knowledge to avoid common pitfalls and confidently manage your finances.

DISCLOSURE - All written content on this article is for information purposes only. We used AI and Chat GPT, Gork, etc. Opinions expressed herein are solely those of Core Wealth Consultants. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. Core Wealth Consultants, LLC a Registered Investment Advisor in the States of Florida, Indiana and Michigan. You should always consult an attorney or tax professional regarding your specific legal or tax situation. Diversification and asset allocation does not assure or guarantee better performance and cannot eliminate the risk of investment loss.

16 views0 comments


התגובות הושבתו לפוסט הזה.
bottom of page