There’s a reason why he appears on the U.S. $100

Benjamin Franklin did more than discover electricity by standing in the rain with a kite; his prolific career transcended boundaries and helped shape a nation. Not only was he a newspaper editor in his early days, he’s also considered one of the most influential founding fathers of the United States. His experience resulted in financial wisdom that is still relevant almost 300 years later. Here are some of his insights.

1. A long-term approach is a successful approach

“Time is money.”

Although Mr. Franklin didn’t intend this as a comment on investments, nothing rings truer for managing assets. How you spend your time can impact your success. You need time to research investments in order to make prudent choices. A longer investment time horizon can be challenging to maintain but generally leads to healthier portfolios and returns. An advisor takes the time to manage investments so clients can focus on careers, family and achieving life goals, such as spending time on what’s really important.

2. Learning about investments helps you navigate the markets

“An investment in knowledge pays the best interest.”

Education in general is paramount to a successful life. Regardless of your career choices, everyone wants the most knowledgeable, capable people working with (and for) them. Taking the time to learn about how to invest helps you make sound decisions, regardless of who is managing a portfolio. If you learn how market conditions can impact your assets, and why a long-term strategic approach is beneficial, this helps you understand investment choices.

3. Everyone should plan for anything

“In this world, nothing can be said to be certain, except death and taxes.”

This is certainly still true in 2017. Political instability across the world and global tensions have blindsided some investors, particularly if they are short-term oriented. Having a disciplined financial plan that considers your complete financial situation, and how to plan for any eventuality, may help protect you from external events. It will also provide support if your life situation is upended by circumstances beyond your control, such as job loss or illness. And, yes, a financial plan helps you deal with death and taxes.

As Mr. Franklin also said, “Well done is better than well said.”

Call our office today to talk about investment goals, and together we can put a plan together to help you reach them.