Golf Magazine

How #Golf Can Improve Your Finances

By Golfforbeginners
How #Golf Can Improve Your FinancesWhat do golf, financial planning, and life, in general, have in common?
In golf, just as in wealth management, you should create a game plan, says financial advisor Altair M. Gobo in his book, "Getting to the Green." Not many of us do.
From setting realistic expectations to "risk vs. reward (or return)", the proper strategy is the first step to shooting a good score in golf and flourishing along life's bumpy road.
"People don't plan to fail, they fail to plan," mentions Gobo with regards to wealth. Although you may have heard this cliche a thousand times, golf mimics life. With reference to the 18 holes (or 9, depending on which you play that day), you have to look at both the big picture and each individual hole as a journey. 
What is your game plan?
In both your finances and in your golf game, look at where you are starting from, "where you want to be down the road (short, mid and long-term or, as in golf, hole-by-hole) and what strategies you will develop to get there."
How #Golf Can Improve Your Finances As a golfer, here are a few tips from "Getting to the Green" to help plan your path:
Know Your Strengths and Limitations - In golf, you know how far you hit the ball, and where your strengths lie. The same should happen with what you are willing to invest - set realistic expectations with the money you have.
Work with a Pro - Golf for Beginners always stresses the importance of taking lessons from qualified PGA professionals and the same goes for your wealth strategy. A financial advisor can help you "assess your situation, look at where you are today, where you want to be down the road and develop strategies that work for you."
Stay patient - Gary Player's tip? "A good golfer has the determination to win and the patience to wait for the breaks." Wait for the right opportunity to make your moves.
If you are a golfer (and you probably are if you are reading this blog), "Getting to the Green" is an enjoyable and straightforward read - the book offers financial advice to amateurs in an intelligible manner.
Comments welcomed below on this golf blog and on Twitter @Golf4Beginners.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • A Week with Foodie Explorers 15th July 2018

    Week with Foodie Explorers 15th July 2018

    24 total views, 24 views today A relatively quiet week for us Glasgow foodies.  Monday was spent chillin out enjoying the weather.  Tuesday we wandered along... Read more

    The 17 July 2018 by   Emma
    DESTINATIONS, DINING OUT, FOOD & DRINK
  • Virginia to Vegas at the 2018 Calgary Stampede

    Virginia to Vegas... to Calgary. The Toronto-based indie/pop star came to the Coca-Cola Stage at the 2018 Calgary Stampede to open for Lights on a Friday... Read more

    The 17 July 2018 by   Phjoshua
    LIFESTYLE, SELF EXPRESSION
  • Jivana Heyman Interviewed by Shelly Prosko

    Jivana Heyman Interviewed Shelly Prosko

    Have you noticed that even though our blog is based in the San Francisco Bay Area, in California, many of our contributors live in different places throughout... Read more

    The 17 July 2018 by   Ninazolotow
    FITNESS, HEALTH, HEALTHY LIVING
  • Guest Blogger: Katherine Ramsland, Ph.D.: Killer Pen Pals

    Guest Blogger: Katherine Ramsland, Ph.D.: Killer Pals

    Killer Pen Pals Whenever I give talks about my work, people sometimes ask how they can be pen pals with a serial killer. They've gotten hooked on true crime... Read more

    The 17 July 2018 by   Dplylemd
    BOOKS, CULTURE, HEALTH, MEDICINE
  • Cessna 525B CitationJet CJ3

    Cessna 525B CitationJet

    @ General William J. Fox Airfield, Lancaster, CA March 2018 Captured during the rehearsal for the Los Angeles County Airshow, this CitiationJet taxis in after... Read more

    The 17 July 2018 by   Htam
    PHOTOGRAPHY, SOCIETY
  • Prehistoric Environmentalists Kept the Mammoth Alive

    A few thousand years ago, the world was a very different place. An ice age was raging, and with it came all sorts of weird and wonderful animals; like the... Read more

    The 17 July 2018 by   Reprieve
    BIOLOGY, SCIENCE
  • Then and Now: Sailing Baja Nine Years Later

    Then Now: Sailing Baja Nine Years Later

    What’s your favorite place? We’ve heard this question a lot lately. Jamie’s current answer to the “best place” question is that he has 100 top ten favorites. Read more

    The 17 July 2018 by   Behan Gifford
    FAMILY, OUTDOORS, SEA, TRAVEL

Magazines