An interesting fact is that high net worth clients own assets just for the sake of having more assets which could be fun for itself but not very productive.
Most of the high net worth clients I have met did not have the slightest clue of how much assets will they need in order to meet their family financial goals and as it seems they did not care – and so does the ostrich.
The gap between the assets I have and the assets I need in order to meet the financial goals might leave the family asset less much sooner than they expected.
The first step of financial planning is to understand the gap and make a business plan to deal with it.
