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Today: Jun 14, 2024

Learn financial planning through the fierce game of pickleball.

1 min read

TLDR: Pickleball is a popular sport that can teach us valuable lessons about financial planning. Pickleball Rule No. 1 is to know your risks. Just as injuries can occur in pickleball, not fully understanding your financial risks can be dangerous. It’s important to have a comprehensive understanding of your insurance coverage and ensure you have adequate protection for unforeseen events. Pickleball Rule No. 2 is to talk to your partner. This applies to couples discussing their finances and creating a strategy together. Open communication is key to avoiding money conflicts and planning for the future. Pickleball Rule No. 3 is to stretch. In financial planning, this means being mindful of your financial goals and considering potential risks and rewards. Stretching can be an opportunity to invest in assets that have a higher potential return. However, stretching should be a conscious and planned decision, not an excuse for reckless spending.