The importance of a plan and the dangers of the past and future outlook

Joe Soto | May 17th 2022

What domain of CORE 4 are you Stacking?

BUSINESS

Who/What are you stacking?

Planning Past Performance and Future outlook

In this moment, what Discovery has

Planning Past Performance and Future outlook

activated in you?

Most people don't understand the value of a financial plan and the importance of using a captain that is a

fiduciary

What is the story you're telling yourself about this discovery?

The Titanic was regarded as unsinkable until it sank. Having a plan evaluates the past, projections of the

future, and imminent actions we should be evaluating today.

Describe the single word feelings that arise for you when you tell yourself that story?

Awake

Aware

Conscious

Ready

Describe the specific thoughts and actions that arise for you when you tell yourself this story?

Thoughts:

The plan is the mission

The strategy are the tactics derived from the mission

In developing a mission and vision statement we should be able to study the past and from the mission

develop a vision of where we want to be in the future

Last, informed action is what drives us forward towards our goals

Action:

Talk about this in today's podcast

Talk about how in good times a plan becomes less desirable

Talk about the importance of having a plan in good and bad times

Stepping back from what you have discovered, why has this discovery been extremely positive?

A plan provides peace of mind and purpose during sunny and stormy weather

Looking at how positive this discovery trigger has been, what is the singular lesson about life you

are taking from this Stack?

The plan drives the quarterly and weekly actions. Without a plan you will be lost in the short term noise of

good/bad returns

What Category of life would you like to apply this discover?

Business

The lesson you learned was:

The plan drives the quarterly and weekly actions. Without a plan you will be lost in the short term

noise of good/bad returns

How does this lesson apply to your BUSINESS domain?

Discuss this topic in today's podcast

What is the most significant REVELATION, or INSIGHT, that you are leaving this Discover Stack

with? Why do you feel that way?

I'm happy I've adopted a planning approach because it helps me and my clients sleep at night.

No plan no peace no peace means disturbance and most people don't make good decisions while disturbed.