Skip to main content

Check out our 3Q2024 Market Review and Investment Outlook for the remainder of 2024

Senior businessman with his team at office business people group

Lifetime Planning Tools to Help Busy Execs Maximize their Time, Resources

Photo of author, David McKinley, CFP®.
David McKinley, CFP®
President and Chief Investment Officer

Success is focusing the full power of all you are on what you have a burning desire to achieve. – Wilfred Peterson

As you consider the possibilities for your life, do you aspire to the career heights of Time Magazine’s most influential and accomplished people like Brad Smith of Intuit, former President Barack Obama, Stephen Curry of the Golden State Warriors, or Mark Zuckerberg of Facebook?

These leaders achieved success in just one generation, dealing with the same human constraints we all face. Their attainment of excellence is largely due to their uncanny ability to focus – to see what is important and to eliminate distractions.

When you think about making your own impact as a corporate executive, political leader, athlete, entrepreneur, or other role, are you committed to attaining the pinnacle of your industry?

With an estimated 85 to 90 years in our lives and 40 to 45 years in our careers, we have a limited amount of time in which to make an impact and achieve a better future for ourselves and our families, our businesses and employees, and our friends and communities. To achieve success, we need to consider how we will invest our time, energy, and other resources to beat overwhelming odds and overcome the limitations that hold so many back from achieving a good life for themselves and those around them.

Regardless of your specific industry, you need to consider the resources, communication, and planning required to fulfill your intentions. With only so many hours in a day, days in a week, and weeks in a year, you must be disciplined, exercising judgment in allocating scarce resources.

To focus my own efforts, I have created a set of tools to guide my decisions and help maximize my achievements within the constraints of time and resources. I use these tools to review and, when necessary, revise my long-term outlook within various spheres of my life – entrepreneurial, political, personal – and to align my thoughts, plans, and metrics. I use them to make assessments of the present situation and to inform decisions and plans of action for the coming month, quarter, and year.


These tools help to keep me focused on what’s important and to minimize the distractions of competing demands on my finite time and resources. While I continue to work to achieve my vision for the future, I find great comfort in knowing that I am operating within an overall plan and have specific measurements of success to monitor my own performance.

Primary among my financial metrics is knowing how much I need to earn, save, and invest each year to be on track to achieve multi-generational financial independence. At some point, we all need to be able answer the simple question, “How much is enough?”

When we can assess that we’re on track, it frees us up to be able to care for other, non-financial concerns. As the adage “all work and no play makes Jack a dull boy” attests, we need to have interests outside of work. Knowing when we have earned, saved, and invested enough, allows us to reduce the intensity of our work and turn our attention to other activities that help us achieve the good life.

In addition to using these tools to inform my own professional and personal decisions, I use them to assist clients in doing the same. Through a collaborative process, we map out a plan that considers their comprehensive financial situation and minimizes the distractions along the way that may deter them from reaching their goals. In this way, we help clients focus on what they have a burning desire to achieve.


Related Insights
I Stock 2147490069

5 Actions to Finish 2024 Strong

Fall is by far my favorite season. One reason why is because it's the time of year we, at McKinley Carter, begin our budgeting and outlook planning for the upcoming year. It is a time for us to assess progress, address things that need attention, and make adjustments as needed. We use what we have learned to help make decisions that put us in the best position to succeed, so that we can continue to do the work we love with clients and our community. We have similar conversations with our clients ― talking through year-end strategies to help them finish strong and be best-prepared for the year ahead. Knowing they have a sound financial plan to act on allows our clients to spend more time focusing on the things that provide them with meaning and purpose, a real return on life. Find out what five actions we like to discuss with clients to help them finish out the year in a strong, impactful way.

Read More
Happy group of young adults isolated over a white background

Why It's Never Too Early to Start Your Retirement Saving

Is it ever TOO early to start saving for one’s retirement? The answer to that retirement planning question is a resounding “NO” and here's why.

Read More
I Stock 1362838828 JMJ blog JUN2024

Combine Hobbies, Volunteering for More Purpose in Retirement

If you're a retiree, orienting your volunteer work around the things you do best could help you find new meaning and satisfaction in your hobbies, while also creating new social connections that will deepen your retirement experience. Learn more about the types of synergies that retirees can create between what they LOVE to do and what their community needs.

Read More
Play