ENOUGH(sm) Jewish Personal Financial Planning©: A Chiropractic Process of RE-aligning Means with Meaning

ENOUGH(sm) Jewish Personal Financial Planning©:

A Chiropractic Process of RE-aligning Means with Meaning

Number Cruncher or Goal Cruncher & Adjuster?

Personal financial planning is first & foremost managing goals. Financial planning, in contrast & in the disguise of personal financial planning is foremost managing assets for More, More, More (2)

The ‘Planner’s Role in ENOUGH: Jewish Personal Financial Planning is Chiropractic: (re-aligning means with meaning IN one’s life INside out) i.e. via fiscal adjustments for life and spiritual values & mission (assignment)

The role of the financial planner is evolving (actually being forced) to change due to demographic shifts and the compression of the assets under management compensation model. To fend off additional commodization of the compression of the traditional 1% of assets under management many planners (1) (really asset managers in personal financial planner clothing) are turning to ‘life planning’ and ‘financial therapy.’

This life & financial therapy planning, at best, is playing Mr. Rogers ‘can’t we be friends’ to minimize fee compression via ‘value added.’ The re-alignment of means – financial resources – and meaning (goals, objectives, mission – meaning) is done within empirical – actionable context – rather than ‘I feel your pain…can’t we be friends.’ (Note any planner doing ‘life planning and financial therapy’ ask for their financial plan (if they have one) and don’t accept ‘it’s in my head, now let’s talk about you.’

For real personal financial planning chiropractic re-alignment of means with meaning (putting the person back in personal financial planning) with output – see my Soul Resume: After Life Insurance and the Personal Prospectus in the 2^nd edition of Enough.

1.- by the robo planners etc (notice I don’t use the term personal in this financial planning as it is typically just financial techniques applied to personal assets not personal financial planning)

2.- more, more, more – what are we all more-ticians – e.e. cummings. More, better, now has a habit of becoming ‘less, worse, later’ - schwartz