Sailing and embarking on a financial plan are more correlated than you initially thought - the voyage won't always go to plan and there'll be rough seas, but those who are prepared, flexible, patient and well-advised greatly increase the odds of reaching their destinations.
If we relate a sailor to an individual, couple or family you can begin to draw comparisons.
A mistake many sailors make is not having a plan at all. They embark without a clear sense of their destination. And once they do decide, they often find themselves lost at sea in the wrong boat with inadequate provisions.
Likewise, in planning a financial expedition, you need to decide on your goals. A first step might be to consider whether your goals are realistic and achievable. For instance, while you may long to retire in the south of France, you may not be prepared to sacrifice your needs today to satisfy that distant desire.
Once you are set on a realistic destination, you need to ensure you have the right tools and strategies in place to get you there. Have you planned for multiple contingencies? What degree of "bad weather" can your plan withstand along the way?
Key to a successful voyage is a good navigator. A trusted advisor is like that, regularly taking coordinates and making adjustments, if necessary. If your circumstances change, the advisor may suggest you replot your course.
It's critical that we are prepared for our journeys in the right vessel, that we keep our destinations in mind, that we stick with the plans, and that we have a trusted navigator to chart our courses and keep us on target.