In your opinion, what would happen if most people spent as much time each year planning their retirement and investments as watching football? I suspect we all have a lot more money, would be better prepared for retirement, and maybe even get tickets to the Super Bowl every year.
Steve Roberts, who has almost twenty years of experience in the financial industry, knows that most people – including himself – prefer to play or watch football than the stock market. After all, Steve himself was a three-sport letterman in high school who wrote in soccer, basketball, and baseball. He was a member of the football team at Ricks Junior College and now trains youth football. But that does not mean that he does not appreciate financial planning and recognizes its importance. That said, he had the brilliant idea of writing a book on financial planning with football metaphors to make the subject not only more interesting but also understandable for his many readers.
Steve divides his new book “Football Financial Planning” into three sections: Defense; Offense; and trainers, special teams and systems. He then discusses a valuable asset for your retirement or investment portfolio in each section and compares this investment with a player in football. For example, he compares car insurance to a defensive device and universal life insurance to an external linebacker – these are players you are defending because you need them to protect your wealth. The players on your offensive include the center (your checking account), a right tackle (fixed annuity) and a tight end (bonds). Steve is aware that you may not always need every player on your team, but he will guide you through the pros and cons of each player so you can decide who you want on your team and how you can use those players, to create the best possible game plan for you.
I’ve read several financial planning books in the past, all of which are helpful in different ways. What sets Football Financial Planning apart is not only that the football metaphor is fun, but that the way Steve divides the team makes every player or financial instrument very easy to understand. Since each player / investment product is a chapter in itself, the book is also accessible for later access to certain items and to find them.
Steve makes it easy to follow the discussion and he really made me think about the different financial options and why certain are of great benefit to my team while others don’t. In the end, he reminds us that each of us is the team owner and even the quarterback of our own team, so we have to make the decisions about the games.
As an added bonus, Steve offers playing cards for avid soccer fans so they can see how their financial offensive or defense adds up. At the end of each chapter, he also provides the reader with a short chart or worksheet to fill out, asking questions on topics such as insurance deductibles, projected cash value, or income, so that users can easily write down all of their information and keep it in one find and remember the location and evaluate the various options available for their financial game plan.
In the end, Steve’s entire system boils down to figuring out which system or philosophy is best for you, since no team will work for everyone. Steve highlights this point with the following story:
“To win a game (high investment score), it is very important to have a system (philosophy) that matches your quarterback’s skills and talents. However, a university that has produced many great college quarterbacks is Brigham Young University (BYU) Not all of BYU’s great quarterbacks have been successful in the NFL.I once heard BYU former coach Lavell Edwards say he thinks Marc Wilson, one of his great quarterbacks, is in the NFL would have been more successful if he had played in the NFL Another system, this is about ensuring that the system and philosophy that your coaches implement matches your needs and skills, there are systems that drive and sell and others that work for most people and they may work for you, but they may not be the best solution for you. Some examples of systems that people may be pushing for are buying external linebacker life insurance and the rest in mutual fund running backs. This person’s system can also include the following I tell you you should never buy a variable pension. Everyone’s situation is different, so everyone else’s team may look a little different than yours. The most important thing is to find the system and the coaches that work for you. “
Whether you love football or just want to be clear about your financial situation and are ready to get a touchdown to win the game when it’s time to retire. Football Financial Planning offers you the tools you need now to create the working investment system for you. When the game is over, you have a great nest egg that will keep you going for the rest of your life.