The “Perfect” Financial Plan

NYTimes Chocolate Chip CookiesBaking chocolate chip cookies is one of my favorite things to do and I have become an expert at it! I have been making the same cookies for the past forty years and the recipe has stayed the same.

I have taught my daughters how to make these delicious cookies, but for some reason when they attempt to make a batch, they inevitably look and taste different.

How can the same recipe yield different results?

There are certain tricks to making a perfect batch – the butter needs to be a little bit soft, but not too much, the oven rack needs to be on the highest level, the trays need to be rotated half way through the cooking time. But I have shared these “secrets” with my daughters as we have baked together.

So, what is the answer?

Like many things in life, it all comes down to patience and discipline. My experience in making thousands of chocolate chip cookies has enabled me to know the correct mixing and timing to achieve the perfect dark brown chewy cookie.  You can not rush perfection and it is SO worth the extra effort to ensure a perfect cookie.

Just like a batch of cookies, the “secret” to achieving positive results with your financial plan also comes down to patience and discipline.

When looking for an expert in the financial industry, Warren Buffet’s name is usually the first to be mentioned. In the attached article below by Jim Parker of Dimensional Fund Advisors (DFA), he discusses the media and the subject of beating the market through astute stock picking and what the legendary investor, Warren Buffet, actually says about the smart way to invest. We are fee-only DFA advisers.

In the article, Warren Buffet advocates that the right approach for most people is to let the market do all the work and worrying for them. “The goal of the non-professional should not be to pick winners,” Buffet wrote in his annual letter.” The ‘know–nothing’ investor who both diversifies and keeps his costs minimal is virtually certain to get satisfactory results.”

A diversified portfolio with patience and discipline is surely the right recipe for your financial plan.  Work with an financial advisor who will help you have the patience and discipline required to achieve your desired success.

For Jim Parker’s full article, click here:     Jim Parker – “Not Rocket Science” Article

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About Maureen Crimmins

Maureen Crimmins is co-founder of Crimmins Wealth Management and a fee-only independent financial advisor. Have a financial question? ASK MAUREEN

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