Ryan & Janowsky Financial Strategies Group
Good luck “all in”. This phrase refers to a comment made during a poker game. Some games such as Texas Hold’em No Limit means that a player can bet all their chips in one bet. In essence, they are technically and figuratively “all in”. When a player does this it is customary for the other players to say “good luck all in”, which is directly wishing the "all in player", good luck. If they lose the hand, they are out of the game.
It made me think that this phrase may seem to be used just for this situation, however I beleive it may apply to other postures. Figuratively we can use the phrase “all in” when we are one hundred percent committed to anything. It may be a job, a project, a relationship, a hobby, running a marathon, planning a party etc.
Obviously I am talking about what it takes to be committed to a task or a plan to make sure it reaches success. This means it will take energy and time and most likely will need to be executed properly.
Mechanically in the poker game, going “all in” is a strategy when the player feels it is either a strong powerful move, or it is derived from a no choice situation due to their amount of chips.
When we are planning financial strategies for retirement, college or generational wealth protection and transfer, we need to be “all in” and make sure we are using all available tools and professionals to make sure execution of our plan is optimal. However, when we are investing for our future, we want to be “all in” with a proper plan versus “placing a bet” and risk being out of the game.
Peter Janowsky