As a financial planner, a lot of my work for clients is centered around careful and strategic planning. I help people gain a clear perspective on where they are right now. I work to understand where they want to go in the short term (“We want to go to Paris next year.”) and in the long term (“We want to retire comfortably in Napa Valley.”). Of course, there are many variables to any financial planning effort – there’s budgeting, saving for a college fund, buying a house, putting money away for a vacation home, etc.
As part of our work, financial planners must take into account our clients tolerance for risk. Personal financial goals, risk tolerance and, a clients age, will be among some the factors that shape any plan. Along the way, a financial plan has to be reviewed and tweaked to accommodate changing conditions — as in the economic meltdown in 2008. Good, sound financial advice – whether to stay the course or to make adjustments are key to long term success.
In financial planning, as in life, some of the best laid plans have to have some built-in flexibility to meet conditions on the ground. Or, as our story will show, on the sea.
Meet Jessica Watson – Sailor, Savvy Planner, Risk Taker

When we talk about planning, tolerance for risk, adjusting to changing conditions, sheer courage, and staying the course, we could hardly find a more inspirational example than Jessica Watson, a savvy young woman from Buderim, Australia.
Jessica, at this very moment, is sailing around the world. She is alone, on a solo voyage. Her pink sailboat is named Ella’s Pink Lady. She is well over 5,000 miles into her epic journey and is about to sail straight into the fearsome Southern Ocean and the Cape of Good Hope.
Jessica is sixteen years old.
If she is successful, she will be the youngest person ever to sail around the world solo, unassisted. On her website, she lists her philosophy – “Always make the best of everything. Stay positive, ask questions, lots of questions.”
Not a bad approach for someone trying to sail around the world, or for life in general, or for someone trying to plan their financial life.
As a financial planner who focuses on women, their families and businesses, I think Jessica Watson is one savvy young woman. It’s clear from her blog and website that she is a serious planner who knows what her goals are, knows how to create a plan to achieve her goals, has the smarts and the skills to adjust as conditions change and has something that will stand her in good stead the rest of her life – courage.
Go Jessica!