Teeing up your Finances

Hey guys Dougie Ergood here, former division one golfer at The University of North Carolina and now Financial Advisor at Janney. Golf season’s right around the corner, so I wanted to share some tips for you golf lovers. I’m hoping this advice can not only lower your handicap but also help you become a more prudent steward of your hard-earned wealth. Let’s get started; one of the first big lessons that I learned about competitive golf is that pressure is real. On the course, pressure can make you become more conservative in your shot selection, or it can make you more aggressive. In my competitive years, I learned that having a pre-shot routine that I could rely on under pressure got me into a mental space where I had trust and commitment going into the next shot. During my senior year in practice, I made sure to diligently rehearse my pre-shot routine on the range before events. That fall when I was coming down the stretch to win my first college golf tournament that routine was what I fell back on to over

Hey guys Dougie Ergood here, former division one golfer at The University of North Carolina and now Financial Advisor at Janney. Golf season is finally here! Today, I’m excited to share some tips for you golf lovers. I’m hoping this advice can not only lower your handicap but also help you become a more prudent steward of your hard-earned wealth. Have you ever heard the term drive for show and putt for doe? I used to think practicing how to hit 300-yard drive was what I needed to lower my handicap. And hitting it long is important, but I learned the easiest way to lower your handicap is to focus on the other parts of your game like lag putting, wedge play inside 120 yards and becoming a good pitcher of the ball. A great teacher of mine once told me that I should devote 70% of my practice time to 120 yards and in refining my short game. Like having a wide variety of shots you can play in different circumstances, having a well-diversified financial portfolio is a great way to help you achieve steadiness and consistency in achieving your financial goals. My grandfather would always tell me that slow and steady wins the race, and I have learned that when investing peoples hard earned money, creating diversification within their portfolio is a great way to create growth when the market is up and maintain protection when the markets are down. Reach out to me if you want more help reducing your handicap and creating a diversified portfolio to achieve peace of mind with your finances. Thanks for listening.

Hey guys Dougie Ergood here, former division one golfer at The University of North Carolina and now Financial Shepherd with Ergood Wealth Management at Janney. Welcome back to teeing up your finances! Today we are going to discuss how to constructively review your game and how to receive feedback in a way that will help you lower your handicaps. In college I had a few people in my corner that I knew I could rely on to watch my swing and give me the right feedback at the right time. Sometimes when they looked at my swing, they would tell me that I was on the right track and that I was about to break through and other times they would tell me that we had some work to do. This periodic feedback either gave me assurance that I was on the right track, or it gave me direction as to how to improve. This was critical in my development because without a swing coach I often found myself chasing my tail in practice or never having the trust to forget about swing technique and just go play golf. Like having a great swing coach, having the right financial advisor can be an important part to achieving your financial success. Having the right advisor to periodically review your plan can either bring you assurance that you are on the right track, or they can give you guidance as to how to improve your situation to meet the long-term goals you have. It is so important to have a swing coach who knows you deeply so they can give you the feedback you need to hear at the right time. At Ergood Wealth Management dad and I strive to be advisors our beloved clients can rely on to reach their financial goals. Are you interested in running a financial plan or needing someone to review your plan? Give us a call. We would love the opportunity to meet with you, to get to know you, and see if we can help you reach your financial goals.

Hey guys Douglass Ergood here, I am former division one golfer at The University of North Carolina and now I am a Financial Advisor with Ergood Wealth Management at Janney. Welcome back to teeing up your finances! Before I went to UNC I played in some big tournaments as a junior golfer, but I never understood the real importance of a practice round. It wasn’t until I spent a semester as a Tar Heel did, I realize how important playing a practice round was for my feeling of preparedness come tournament day. During a practice round I learned to figure out which holes I could be more aggressive off the tee, and I learned where to be more conservative. I also learned places I could miss the ball hitting an approach shot and where I didn’t want to miss. These details made the decision-making process on the golf course so much easier and efficient on tournament day. Like a practice round, periodically reviewing your portfolio before retirement will help you build conviction about your retirement plan. You will learn where you want to take risk and where you want to be more conservative. You will learn where you are doing well and where there might be areas of improvement in your planning. These reviews will help you feel more prepared come your retirement day. If you haven’t had a retirement plan done for you; we’d love to start the conversation and see if we can help you meet your retirement goals. If you have a plan already and need someone to review it for you, we’d be happy to be another set of eyes for you to help you feel confident about your plan.

Hey guys Douglass Ergood here, I am former division one golfer at The University of North Carolina and now I am a Financial Advisor with Ergood Wealth Management at Janney. Welcome back to teeing up your finances! Today we will discuss an easy mindset adjustment on the course that I hope can reduce the number of double bogeys you card. I don’t know about you but sometimes I find myself trying to take on shots that I know I shouldn’t take. This approach to the game usually leads me to getting the ball into some bad spots during a round of golf. If you’re a golfer, I am sure you know what I’m talking about. My suggestion for you today is to work on simplifying the game by playing within your ability. You can start doing this by giving yourself more margin for error when choosing a target off the tee or going into a green. For example, instead of hitting driver into the narrowest part of the fairway, try hitting a 3 iron into the widest part. Or instead of aiming a 5-iron right at a back left flag try aiming 15 feet right of the pin and just short of hole high. Watch as the double bogeys just fall off your card with this simple shift in mindset. Like playing within your ability on the course, choosing investments that fit your risk tolerance and suit your long-term goals is important in building a portfolio appropriate for you. It is very important for you and your Financial Advisor to know your risk tolerance to be able to make the best recommendations that are within your level of investment comfort. I would love to have a discussion to help you figure out what level of risk is appropriate for you. In golf, as in life, it is the follow through that makes all the difference. Thanks for listening.

Hey guys Douglass Ergood here, I am former division one golfer at The University of North Carolina and now I am a Financial Advisor with Ergood Wealth Management at Janney. Welcome back to teeing up your finances! From the perspective of someone watching golf on tv, a caddy doesn’t look all that important. But from a player’s perspective however, having a caddy they can trust under pressure can make all the difference. A good caddy helps a player to make sound decisions on the golf course. When emotions are high sometimes even the best golfers can make silly decisions when on their own. But, when a good player has a caddy who knows their personality and their strategy for each hole, they can be guided towards decisions that are in their best interests. Like having a good caddy, having a good financial advisor you can trust can make all the difference. When emotions are high and you have to make big financial decisions, having someone who knows your goals and your personality can really help you make decisions that are in your best interest. If you are looking for someone to help you in your financial journey, I would love to have a conversation to see if we would be a good fit for you. In golf, as in life, it is the follow through that can make all the difference.

Hey guys Douglass Ergood here, I’m a former division one golfer at UNC, now I’m a Financial Advisor with Ergood Wealth Management at Janney. Welcome back to teeing up your finances! The hardest thing to do in life and in golf is to let go and trust. But if you are serious about playing your best golf this year you must learn to let go of the score and trust and enjoy the round. So far in this series we covered topics like finding a good swing coach, creating a pre shot routine, focusing on your short game, playing practice rounds, finding a great caddy and playing within your ability. I hope you’ve had the chance to implement some of these ideas into your golf game and I hope they’re leading you towards playing your best golf. In connecting golf to financial planning, if you are serious about teeing up your finances, find a reputable financial advisor who is committed to getting to know you, and together create a financial plan that is in line with your long-term goals. With your trusted advisor create good diversification within your portfolio and have periodic financial planning meetings. In these meetings utilize your financial advisor to help you make good decisions in hard times and together discover your risk tolerance so you can sleep easy at night. Like golf, having these habits doesn’t always equate to immediate success, but hopefully these practices can get you on the path moving towards financial freedom and peace of mind. In golf, as in life, it is the follow through that can make all the difference. Thanks for listening.