The decision that surprised me.

The Federal Budget has created some important conversations.

Over the past couple of months, I’ve had many discussions with clients and investors about what the proposed and legislated changes may mean for their financial decisions.

People are asking whether they should change their investment approach, move towards more income-producing investments, or review the structures they use to hold their wealth.

These are important questions.

Recently, I was at my son’s soccer training when a conversation caught my attention.

A few parents were discussing the Federal Budget changes and what they may mean for investors.

During the conversation, one parent said:
“I’ve already restructured.”

I have to admit, I was surprised.

Not because being proactive is a bad thing. In fact, being proactive is one of the qualities I see in many successful families.

They stay informed, ask questions, and take action when change is needed.

What made me pause was how quickly the decision had moved from consideration to action.

Because when it comes to important financial decisions:
The quality of the decision matters more than the speed of the decision.

The biggest financial mistakes are rarely caused by a lack of information.

They are often caused by making decisions before fully understanding the consequences.

This is why I openly share that I have a financial adviser within my team who reviews my personal affairs.

Not because I don’t understand finance.

Because I know I have blind spots.
Everyone does.

A framework I often come back to is the OODA loop, developed by US Air Force Colonel John Boyd after studying combat decision-making during the Korean War.

Observe. Orient. Decide. Act.

The mistake many people make is moving straight from observation to action.
They see something change and immediately feel they need to respond.

A better process is to first understand what has changed, consider what it means in the context of your own circumstances, decide whether action is actually required, and then act with confidence.

The Federal Budget matters.
The changes matter.
But the decisions we make in response matter even more.

I’d love to hear your thoughts.

Has the Federal Budget caused you to rethink any part of your financial decisions, investments, or wealth plans?

Have a great week,

John Cachia
Founder & CEO of Thriving Wealth™