About this episode

The episode discusses the importance of prioritizing significant issues before addressing smaller ones in financial planning and strategy.

Fix the Engine Before You Wax the Hood A bite-size think about it bite. When my father worked on the family car, he never waxed the hood while the engine was still knocking. He fixed the big thing first, then worried about the shine. In Ukraine, they made a smart choice about order. Most of the supplies moving into Crimea came over land. Only a small slice, something like four or five percent, came by sea. So they went after the land routes first, the ones carrying the heavy load. Only after those were degraded did they turn to the ships. Had they hit the ships first, it would have been a minor distraction, and the rest would simply have shifted to the roads. Here is the point worth holding onto. The order you do things in can matter as much as the things themselves. A lot of people pour their energy into small financial tweaks, the equivalent of waxing the hood, while the big levers sit untouched. Handle the largest items first, the ones carrying most of the weight, and the smaller pieces tend to fall into place. Sequence is strategy. For more on this and other bite-size think about it bites and casual conversations, visit truesdellwealth.com and subscribe at no cost. Due to our…

People in this episode

Host: Paul Grant Truesdell

Topics covered

• strategy
• financial planning
• decision making
• prioritization
• efficiency

Keywords

• financial strategy
• prioritization
• decision making
• efficiency
• planning

Mentioned in this episode

Places: Ukraine, Crimea

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