I want to tell you a quick story about a doctor.

They had this one patient who wanted to argue about which blood pressure medication they should be taking.

“But wait!” the doctor would find himself saying, again and again, “you still smoke!”

I assume you can see the problem here: There’s no point in talking about blood pressure medications until we address the underlying cause of the condition.

Similarly, it’s crazy to be worried about finding the best investment before you’ve decided where you want to go. That would be like arguing over whether we should take a plane, train, or automobile on a trip before we’ve even decided where we want to go, or asking for prescriptions before we’ve had a diagnosis!

Step number one is to have a plan. And out of that plan, a process naturally comes into focus. An investment process, a savings process, a process for making decisions about how much insurance to have. But they would all be built on the foundation of the plan.

And then, and only then, do you get to the least important step: finding specific products to implement that plan.

Most of the “news” you see on the financial pornography networks and most of the books written about finance are about this little tip of the iceberg, the product.

I’m not saying the products aren’t important. They are.

But they are the least important part.

First, have a plan, then define an investment process, then find products to populate that plan.

That is how you make smart decisions with your money.