When to Work for Your Money and When to Make It Work for You

When your boat capsizes miles from shore, actively trying to swim to land is not always the best option. Sometimes, treading water is a more effective way to use your energy. Ducking under swells instead of swimming against them will conserve your strength even more. With a dash of intellect and a generous dose of passivity, you will stay afloat until your rescuers arrive.

The same principle applies to your financial health—it is more important to make wise choices than to actively chase every penny. As long as you are putting your money to work, you can conserve your time and energy for those aspects that require a more dynamic approach.

Financial Planning extends further than your investments; it includes the breadth of everything related to all of your financially-related decisions and actions.

Financial planning includes

Cash Flow

If your financial planning strategies were employees, cash flow management would be the lazy staff member who constantly needs supervision. Unchecked expenses are constantly trying to sneak beyond your notice. Incoming account payments are always pushing for later deadlines. Precarious seasons are always emerging. If you do not watch your targets every month, you will miss them; so your accounting should be monitored regularly and adjusted continuously.

Risk Management

Unlike cash flow, which many people tend to be too lax about, it is tempting to be too active about risk management. Your insurance policies will suffer as much as your serenity if you assess your risk too often. Yearly adjustments are generally all that is required unless new life events demand an early reassessment.

Income Tax

Tax planning obliterates your time in exchange for meager rewards, but a tax attorney or accountant may be able to uncover extra deductions. An expert will also create a tax planning strategy and annual projections so that you know what to expect when the end of tax year arrives.


The prudent approach to your investment management demands more precision than most other aspects of your finances. There is no easy answer to how often you should adjust your portfolio. If it's well diversified, it should be left to evolve based on your strategy which should include your tolerance for risk and time horizon.  The same applies if you're young (in your 20's or 30's) and have your entire future ahead of you. If you have a personal stock portfolio with diverse asset classes, more active management would be required.

If you have mutual funds, they will need regular benchmark checks against similar asset classes. Emotional investors can overcome their fear by allocating the management of their portfolios to their trusted investment advisor.


Women are unique in that they face special challenges due to career interruptions and earning less than men.  Retirement planning should be a more active pursuit than most imagine.  Because of changes in the assumptions and circumstances, your retirement plan should be reviewed every year.  Your retirement is based on the many action steps you take over the years.  Remember, retirement is not a destination, it's a journey.

Education Planning

Unlike retirement plans, university costs are usually fixed rates, so your progress can be adjusted more precisely without requiring you to revisit your strategy.

Elder Care and Estate Planning

Your success should not end when you need elder care, so your financial plan should include your desires and requirements during the latter part of your life. Estate planning requires relatively active management because laws and personal life circumstances may change frequently.

Each aspect of financial planning requires a level of involvement and action that is appropriate to your unique situation.  Every decision you make or decision you do not make has consequences.  Be timely, be intentional.

The better you plan, the more passive you can be. To overcome fearful, reactionary choices work with a financial professional to create a comprehensive financial plan that is designed to provide you clear direction, and you won't have to worry about treading the waters until rescuers arrive.



Take the first step,  let's get acquainted! I listen and inquire about your past and present experiences, family, and concerns. Tell me your story and I will design a plan based on your values, goals - what's important to you. 

Schedule your Free 30-minute Get Financially Fit Session TODAY! 

I can help you clarify your values, your individual wants and needs as I recognize each woman is unique in her style of living.  My "Life by Design" process can help you create and build the life of your choosing, to find comfort and success with your money...to live the life of your dreams!

 Contact us to schedule a complimentary 30-minute discovery session to discuss your dreams, your goals, your values, what's important to you!  I am here to help!  

PARIS Financial Planning provides successful women with conservative strategies to grow their wealth during accumulation/savings years to protect their wealth during their retirement years and tax-advantaged strategies to distribute their wealth during their life and upon their death. 

"I am on a mission to revolutionize women's relationship with their money."

 Contact us to receive the highest levels of financial advice and coaching that will lead to confidence, engagement and goal attainment. 

Learn how I help my millionaire clients secure their financial future.
Download my FREE guide. 

12 Wealth Building Habits of Financially Savvy Women