The Three Keys | Wisdom, Wealth, and Wellness
The Three Keys | Wisdom, Wealth, and Wellness
Jonathan Satovsky shares the three essential keys to successful financial planning. By mastering these principles, you can navigate the complexities of saving and investing with confidence, ensuring long-term success and resilience.
Three keys to successful planning.
The three keys are:
Discipline. You need a disciplined strategy where you are saving regularly in the accumulation years and spending in a disciplined fashion in the decumulation years.
Number two is stamina. You need a tremendous amount of stamina because whatever you’re doing is not going to work every day, every week, every year. Even the best, to give you a baseball analogy, the Hall of Fame hitters hit 300. In the investing parlance, financial markets make money two out of three years, so a third of the time, you’re going to lose money. But you need a lot of stamina and endurance to be able to keep it going.
The third is humility. And why do you need humility? You need humility because you have to be careful with predictions. Everyone wants to make predictions about what they think they know. I’m telling you, automating your behavior that gets people off track in the accumulation and decumulation of money, is the most important thing for sustainable success.
Think about these three things, and you will be immensely successful. And if you need a guide, your Satovsky team is here to help.
Have a great day.
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Disclosures
This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.
Further Reading
Jonathan Satovsky Interviews Rabbi Simon Jacobson
Always on the run
Learning something new
