The "1 in 60 rule" is a navigational term from the aviation industry, and states that if a plane is off course by just 1 degree, over the course of 60 miles it will be 1 nautical mile off its intended path. Think about the impact if the lake you intended to fly over is now a mountain!
In personal finance, small errors – whether in your savings plan, spending habits or investment strategy – may appear minor in the short-term, but over the course of years or decades, can dramatically impact your financial destination.
Navigators regularly check their course to ensure they are on track. Similarly, it’s important to frequently evaluate your financial plan to determine that you are still on course. Your financial journey often evolves as you experience changes in your career, lifestyle or family structure. Consistently making informed adjustments to your financial plan can help you stay on track.
Our clients at First Western FINANCIAL are often surprised by the depth of services we offer and the personal attention we provide, including reviewing progress on your financial journey throughout the year.
The 1 in 60 rule serves as a reminder that every financial decision matters. Our First Western Financial advisors can help you craft a path to pursue your financial goals. Your journey requires careful planning, attention to detail and the willingness to adjust course when necessary, First Western Financial is here to help.
Give us a call today for a no obligation, no pressure discussion about the goals YOU want to achieve. 479-845-1230.
Investment products are not insured by the FDIC; are not deposits; and may lose value.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Western Bank and First Western Financial are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using First Western Financial, and may also be employees of First Western Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, First Western Bank or First Western Financial. Securities and insurance offered through LPL or its affiliates are:
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