Thomas Quinn’s Post

Since August is Golf Month, we have been thinking about how peaceful and beautiful golf courses are and how much we enjoy the quality time they allow us to spend with friends and family. Golf Month also made us think about what it takes to consistently score well—there are definitely some parallels between the sport and personal finance. ⛳ Like preparing your shots on the course, creating financial strategies requires a defined approach and a long-term vision for your goals. ⛳ Avoiding hazards on a golf course is similar to managing financial risks and navigating market fluctuations. ⛳ Both golf and finance require patience as you pursue your goals. ⛳ The game of golf, like the financial landscape, is constantly evolving. Continuous learning and adaptation are the keys to success in both. Metaphors aside, what we like most about golf is the opportunity to spend quality time with people we enjoy—whether they are young or old. Help us add to our bucket list! What golf courses should we visit? Pictured: AFG's Director of Operations, Chelsey Fuhrman's son and pup. #GolfMonth #Golf #FinancialStrategy #Investing #Retirement

PGA of America plain and simple, you must figure out a way to get more of the profits from the PGA Championship and Ryder Cup directly into the hands of PGA of America Members. Stop with taking care of PGA of America Officials, Administrators and Staff like royalty. Stop taking care of financially healthy amateurs by conducting events for them with PGA of America Members money. (If you must conduct amateur events pair PGA of America Members with each amateur or each foursome or each team.) Stop using PGA of America Members money for programs that are already provided by other companies. Many professions do not educate their professionals. Why does the PGA of America feel the need to educate their professionals. Provide certification tests and that's it. The benefits are multiple and obvious. Many PGA of America Members live paycheck to paycheck. It's time to put them first by giving them direct financial support.

Just like any business, the top clubs must plan for life after their hall of fame coach (key employee) leaves. We consult with clients regularly on planning for and implementing succession plans for the next generation of owners. Thinking about the next steps early and putting the plan in place before key personnel and owners leave or retire is crucial for a smooth transition and to maximize value. https://lnkd.in/eNXqVbwt

⚽ 💰 Another #premierleague Profit and Sustainability story hits the headlines ⚽ 💰 Both 🔴 Nottingham Forest and 🔵 Everton have been charged with breaching financial rules following the completion of their accounts for 2022/23. For long standing Premier League clubs such as Everton, clubs can make maximum adjusted losses of £105m over 3 seasons. For Forest, who instead spent two of the three seasons in question in the Championship, their limit was £61m. Perhaps the most interesting thing being reported on this is Forest's potential defence. Reports suggest that they accept that they did exceed the £61m of losses allowed - but it hinges around the sale of one player - Brennan Johnson. Johnson is a product of Forests academy, meaning the proceeds of his sale would be 'pure profit,' and therefore make a large difference to their profit and loss calculations. It's reported that Brentford offered £35m for Johnson in June 2023 - a sale which would have brought Forest back within the £61m loss threshold. However, Forest held out and received an eventual £47.5m from Tottenham. Crucially, this was a couple of months later, and so beyond the 3 year reporting period in question. This presents a real test of the rules. Forest will argue that their decision was made in the spirit of the rules since, arguably, their decision put the club in a better financial position. On the flip side, the rules are the rules - what is the point in having a 3 year reporting period rule if clubs will argue over things that happen either side of it? I suspect the strength of this defence will lay in how much evidence Forest had that they knew they were in breach of the rules, and that they were always going to sell Johnson in the 2023 summer transfer window in order to balance the books. If this defence is successful though, it raises a question about the next three year reporting period - does Johnsons transfer fee count within that too? Interesting times ahead. #footballfinance #footballbusiness

The Open and investing: embracing uncertainty and the power of time... As we gear up for this year's Open at Royal Troon, it's a fitting moment to reflect on the history of this prestigious tournament and its unpredictable nature. In 1984, Seve Ballesteros claimed victory at St. Andrews. A decade later, Nick Price triumphed at Turnberry. In 2004, Todd Hamilton emerged victorious at Royal Troon, and in 2014, Rory McIlroy took the title at Royal Liverpool. Each winner was different, underscoring a valuable lesson: like investing, forecasting the winner is more about luck than skill. Predicting the winner of this year's Open is no different – it will likely come down to luck albeit I'm sure skill and tenacity will be required to lift the Claret Jug. Systematic investing teaches us that the market does the heavy lifting when it comes to returns. Enjoying a successful investment experience isn't about speculation or market timing; it's about time in the markets. Furthermore, investing in the world's great companies is crucial for preserving the real value of our money over time. Consider this: the cost of an official Open programme was £2 in 1984 and is expected to be at least £12 in 2024, a 500% increase. Meanwhile, the S&P 500 has soared by 3,596% over the same period. The Open holds a special place in my heart. I cherish the memories of attending many Opens with my late father, especially Seve's unforgettable win in 1984 at St. Andrews. Losing my dad in 2006, just after the Open at Royal Liverpool won by Tiger Woods, was incredibly tough. Those moments we shared at the Open remain some of my most treasured memories. As we enjoy this year's tournament, let's remember the value of patience, time in the markets and time with love ones. Here's to the excitement of The Open and the lessons it teaches us about life and investing.

The Masters golf tournament and successful investing may seem like two completely different worlds, but they share many similarities in terms of tradition. Both have established practices that have stood the test of time, and both require a combination of skill, strategy, and patience to succeed. https://hubs.la/Q02qzvDt0 #Investing #TheMasters #CummingsWealthManagement

Love it William Hurtis! Will’s many contributions at Valiant are felt by not just those within the business (through initiatives such as League of Lions), but also by the countless Australian SMEs that Will has helped to secure funding for over the years. Keep up the great work! 🦁 #customerchampion #thriveinthepride #highperformers #leageoflions #fintech #finance #australianfintech

🏆 It's Coming Home! As England gears up for the Euro 2024 final, Ollie Watkins' ascent from non-league obscurity to national hero offers profound lessons for all of us, even to those of us in tech. **Believe in Your Vision** Even when the path isn't clear, maintain your conviction. Back in 2015, Ollie Watkins was playing for Weston-Super-Mare. Fast forward nine years, and he's scoring the winner for England in the Euro semis. National hero. Get that lad a statue. That doesn't materialise without self-belief. In tech, belief fuels innovation. When convinced of your project's value (and do keep testing that conviction), push forward, innovate, and disrupt—even if others are yet to catch up. **Committed, Consistent Effort** Dreams don't work unless you do. Graft day-in, day-out. Rinse and repeat. In tech this means, develop, deploy and iterate tirelessly, even if the feedback is poor and the results aren't coming straight away. With committed, consistent effort, they will. Success doesn't come from what you do occasionally but from what you do consistently. **Master the Game Plan** Work smart, not just hard. Watkins' last-second goal was the culmination of endless rehearsals of that scenario. He planned for it. When his moment came, there was no pressure—just muscle memory in action. Back...of...the...net! We've all got to have a clear strategy in place that we execute on. Meticulously plan and practise your approach and when opportunities or challenges arise, your response is as instinctive as it is effective. Win or lose, Watkins has demonstrated that sometimes the journey and growth experienced along the way are victories in themselves. 👏 It's time to bring it home, England!

What do golf and personal finance have in common? 🏌🏽♂️🏌🏽♀️⛳ I was thinking about how I should get out to play more golf, and it occurred to me that there are some fun parallels between this sport and personal finance. Think about it: as you approach each hole of golf, like each goal within your overall financial strategy, you consider your approach, the conditions, the best club (instrument) to use, and your vision of success (e.g., for me, on a par 5, a double bogey is a win). As any golfer will tell you, the game is won on the putting greens. The finesse required to putt successfully is akin to the patience and meticulous preparation needed to pursue long-term financial growth. Golf teaches us persistence, adaptability, and strategic thinking. These qualities are as valuable on the greens as they are in personal finance. Metaphors aside, what I cherish most about golf is the opportunity to spend quality time with people I enjoy, from young to old. Help me add to my bucket list! What golf courses should I visit? #Golf #FinancialPlanning #Investing #Retirement

"I want to talk about my golf game. The reason is that a quintessential trap exists in the golf experience. When I play golf well, I expect to always play golf well. I always want to play golf at my best and score the lowest, but it doesn’t work that way. A person will very rarely play to their handicap. There are days that I play a round of golf and wonder if I’ve ever played the game before. If I were to measure my success on the golf course by my score, I would have quit the game many years ago. This same thing happens in the association. It is easy to start measuring success by just looking at our bank account. Don’t get me wrong – money is essential to the ability of the association to meet its responsibilities and achieve its goals. But just looking at the bottom line only gives us part of the picture. Measuring success for a trade association is more than counting the money. PDCA has been reasonable and responsible with its income; the association is in the best financial position as at any time in its history. But there is more to PDCA’s success than the money, just as there is more to a round of golf than just the score." Read Frank Peters’ latest message to the industry in #PileDriverMagazine: https://lnkd.in/gqFc9DvJ #PDCADriven