Smart Money Strategy

CHAPTER 4Understanding the Strategy Stacking Philosophy

The concept for strategy stacking came about as a result of a conversation with one of my colleagues. We were talking about how I could explain what I do to new and potential clients. He liked my approach of stacking financial planning strategies, so it became the name we used to describe how I help clients reach their goals. The objective of strategy stacking is to put together different financial planning strategies to help my clients stack the odds in their favour and give them the greatest probability of achieving their goals.

In its simplest form, a philosophy is an attitude or theory that acts as a guide and provides wisdom. To help you make sense of my strategy stacking philosophy, let's consider a few essential questions:

• What is strategy stacking? Strategy stacking is the process of putting together different financial planning strategies to create a financial plan. The strategies you stack (or don't stack) will have an impact on your financial life. Strategy stacking is designed to help you maximise the probability of reaching your financial goals.
• Who is strategy stacking for? Strategy stacking is for people who want to improve their financial position. Most of my clients are singles or couples. But sometimes they can be joint business owners too. If people aren't engaged with their financial life, I'd argue strategy stacking is not for them.
• When should you strategy stack? As soon as you're old enough to earn ...