RHYS MARTELL  |  financial advisor

Holistic Financial Planning

Holistic financial planning is just a fancy way of describing a style of planning that looks at your whole situation, not just one area, so that you can come up with strategies that make sense across the board.

And the more developed or complex your situation, the more this matters.

Tunnel vision can be really costly.

In fact, I see this a lot with mortgages. Many people make paying down their mortgage the primary focus of their financial plan because they don’t like owing. And that’s fair, I don’t like it either.

But I also don’t like overpaying tax either. And when I put all my energy and effort into paying off a debt, where my interest rate might be around 2-5% and don’t pay any attention to the 30 or 40% I might be hemorrhaging in taxes each year, then I might end up harming my net worth a lot more than I’m helping it.

And that's the key point here. If you want to grow solid and faster, then you want to pay attention to the whole picture, not just a part of it.


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This article is for educational purposes only and is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice. Opinions expressed are those of the owners and writers only. Every effort has been made to compile this material from reliable sources, however, no warranty can be made as to its accuracy or completeness. It may also include forward looking statements concerning anticipated results, circumstances, and expectations regarding future events. Forward-looking statements require assumptions to be made and are, therefore, subject to inherent risks and uncertainties. There is significant risk that predictions and other forward looking statements will not prove to be accurate. Please consult an appropriate professional regarding your particular circumstances. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or the fund facts before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc., sponsoring mutual fund dealer. Other Products and Services are offered through Rhys Martell/Well-Built Plans Financial.

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