“Why Being ‘Less Wrong’ Might Be the Best Plan”

Ever feel like your financial plan has to be perfect?

It doesn’t. In fact, trying to make it perfect can actually hold you back.

I recently had the chance to speak with Carl Richards, author of the new book Your “Money: Reimaging Wealth in 101 Simple Sketches” — and one idea from our conversation really stood out:

“Rather than trying to be precisely correct today about the next 30 years, let’s wake up every day and be a little less wrong.”
– Carl Richards

That’s a shift in mindset that many of us need.

Carl explained that this book is the result of “two decades worth of thinking” — and more than just a collection of ideas, it’s been a way for him to spark deeper conversations. As he put it:

“I’m really viewing it as almost like a forcing function to have a bunch of really great conversations. And it’s been so rewarding and fun and gratifying.”

Carl’s visual, “A Little Less Wrong Tomorrow,” is a reminder that the future is always uncertain — whether you’re planning for retirement, your next job, or a major life transition. And while we can’t predict everything, we can stay flexible and focused.

He gave a great example:

“It’s no different than a pilot flying from Los Angeles to Boston. You start with a detailed flight plan, but you know it won’t go exactly as planned. It’s the course corrections that matter.”

That’s how I approach planning with clients. We put a smart strategy in place, and then we adjust as life happens — jobs change, markets move, goals evolve.

The key isn’t to get it perfect today. It’s to have a process that helps you make small, meaningful adjustments over time.

“We want to draw the best straight line we can, but we know it’s going to be wrong — we just don’t know how yet.”
– Carl Richards

That’s why this idea — “Be Less Wrong Tomorrow” — is one I come back to often in my work.

Here is the link to pre-order Carl’s book on Amazon.

What To Do Next

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For more information, refer to Preserving Wealth: The Next Generation – The definitive guide to protecting, investing, and transferring Wealth by Jack Lumsden, MBA, CFP® or schedule a call with Jack at 905-332-5503

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