Over the summer, my family had a chance to embark on a treehouse building project with three generations of my family. Somewhere between my son watching Treehouse Masters (thank you Pete Nelson)… expecting to have indoor plumbing and a ceiling fan and my concept of one sheet of plywood with a single 2x4 rail to keep my kids from falling off, we came up with…
I Was Reminded
There are a few things very important in building something of value. First, you need to have somebody with deep experience and knowledge, the grandpa or "pop-pop" in this situation. And secondly, the foundation is key to the success of everything you build. As you can see this foundation is solid, we hope the treehouse will last for decades.
Foundational Questions for your family
When you consider building your family's future finances, here are the questions you need to ask yourself about that foundation:
- What are our goals? …do these goals reflect what we really value long term?
- Do we have a detailed financial plan guiding us?
- What is our budget telling us about cash flow? Is our budget accurate?
- Is my insurance coverage adequate- umbrella policy for additional home and auto protection, life insurance to provide and the most overlooked insurance to protect your earnings – long term disability insurance?
- Do we have beneficiaries, a named guardian for minors, an executor of your estate and the proper legal documents drawn up to administer?
- Do we have a disciplined investment process that guides our investments?
- Does our family have a trusted and experienced team with the knowledge to guide you?
The team at Foley and Foley Wealth Strategies is always happy to assist you in answering these questions and providing solutions to benefit your family.
This is so you CAN BE CONFIDENT on your financial foundation.
Luke Fields, CFP®
Any opinions are those of Luke Fields and not necessarily those of Raymond James. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and CFP® in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.