This isn't like cancer, where we don't know the solution. Financial planning is math. We have the answers, yet it's this huge cause of stress.
Sentiment: NEGATIVE
Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future.
Even the securest financial plan and the finest health coverage aren't enough to hold us steady when the challenges come... We need something more, something deeper and unshakeable, something that will see us through life's hard times.
Here's how I look at it: Life is full of challenges. Everybody has them. For some, it's health or family crises. I had a financial challenge.
We now have poured in an enormous amount of resources into cancer. The National Cancer Institute Project, you know, runs about $5 billion a year. That's a large amount of money, but let's not be grandiose about the amount of money we're actually spending on a problem that is attacking us at the most fundamental level of the human species.
We are paying the price for living longer, collecting degenerative diseases along the way. Cancer is only one. Others are heart and brain diseases like Alzheimer's and Parkinsons.
The biggest financial pitfall in life is divorce. And the biggest reason for divorce is marriage.
When I was dealing with cancer, I was working on a book about finances. I realized that the same methodology that the doctors were using to cure me, you could use to cure your finances. Health and wealth are so linked, it's amazing.
The future is all about leading a stress-free life and having all the solutions for all problems at hand.
If someone said, 'Jon, we need $250 million a year from now and we can make a dramatic breakthrough for ovarian cancer,' I'd have $250 million in two months. You just work day and night if the cause in your heart is justified.
Thoughtful financial planning can easily take a backseat to daily life.