PLANNING

The difference between a good entrepreneur and a great one is that great ones know their next five moves.

Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.

The goal of money is freedom. If your financial plan doesn't increase your freedom, it's the wrong plan.

Financial planning without lifestyle planning is just math without meaning.

Most financial advice addresses 10% of the picture. The other 90% is taxes, income, insurance, and legal structures.

The 4% rule isn't a rule. It's a starting point for a much more nuanced conversation.

Most people don't have an investment problem. They have a tax problem they don't know about.

Risk is what's left over after you think you've thought of everything.

A good financial plan is one you can actually follow when things get scary. Most plans fail that test.

The best financial plan fits on a napkin. If it doesn't, it's too complicated to follow.

The real flood of dead EV batteries won't arrive until the late 2020s. We're building the infrastructure now so we're ready when it does. You don't build the recycling plant after the batteries pile up.

Athletes have a ten to fifteen year window to earn. What you do with that money determines the next fifty years.

The most important thing I learned during the financial crisis was to hope for the best and plan for the worst.

A fool with a plan can outsmart a genius with no plan.

I started my companies while still playing because I knew sports careers end. Build now.

In cricket, I had a plan for every ball. In life, you need a plan for every decade. Most people plan for today and wonder why they are poor at sixty.