How to: Cover and Move (Financially!)

Posted on Posted in Personal Financial Planning

Cover and move is critical to a well-maneuvered military operation. Cover and move means teamwork. One member of the team lays down cover fire. This cover fire puts the enemy on the defensive, allowing the other person to move. Next, the roles are reversed: the person who moved lays down cover fire while the other teammate moves towards the objective.

Fortunately, this lesson applies beyond the battlefield. Every financial decision is a conflict. Take an aggressive stance and apply this law of combat to your everyday finances!

Below is a graphic on how to cover and move at every stage of your financial life. In general, cash flow management, insurance, and estate planning will act as your cover fire, while goals, savings, and investments will be your moving soldiers.

Feel free to reach out with any questions – I’m here to help!

I learned Cover and Move (and many other excellent principles!) from Jocko Willink and Leif Babin’s book Extreme Ownership.

Disclosures:
This bulletin expresses the views of the author as the date indicated and such views are subject to change without notice. It is important to understand investing in general involves risk of loss that you should be prepared to bear. Please refer to our Firm’s Form ADV Part 2 Disclosure Brochure for more information regarding the risks of the investments held in your account. Our calculated perceived value is an opinion based on the information we have at the time of our forecast.  The risk assumed is that the market will fail to reach expectations of perceived value. Our opinions, forecasts or predictions of future events, returns or results are subject to change and are not guarantees of future events, returns or results. This communication is intended to be distributed to current clients and certain interested parties only. This communication should not be construed as an advertisement offering our firm’s investment advisory services.