At some point in our lives, we have all failed to research different investment or mortgage or insurance options, failed to “do something” with our debts, and failed to figure out how to best structure our affairs for tax or even estate purposes.

This type of procrastination is the number one factor that is responsible for most financial disasters.  It is easy to think that financial issues can be addressed another day or that things have gone fine so far so why rock the boat.

Many of my long term clients cannot believe that they have achieved their financial goals and, at some point in our relationship, it hits them that they achieved their goals because of the small things that they did each and every year along the way.  You see, over time it is these small steps that make all of the difference in the world.

A few dollars saved by optimizing your tax, debt and insurance produces a few more dollars growing in your retirement and savings accounts.  Appropriate investments help to grow these dollars.  A few less uninsured mishaps that are not insured also add to the pot.  

This is where financial planners come in.  Financial planners spend their days battling procrastination.  In many cases clients feel that it is not appropriate to procrastinate because someone, i.e., their financial planner, will know about the procrastination – and that is not acceptable.  In short, financial planners provide accountability.  That is the true benefit of hiring a financial planner.

If you are not working with a financial planner and you KNOW that you have not taken care of your financial issues, you MUST realize that it is in your best interest to hire someone to hold you accountable.

This is just one of those pearls of wisdom that we gain as we get older.  Take it from me and my long-term clients and hire a financial planner while you are young….

By: Robert Klein
Klein & Klien Insurance Consultants
1811 Santa Fe
Houston, Texas 77703