Holistic is derived from the Greek holos, meaning all, entire or total; whereas a plan or system as a whole determines the outcome. RPH bases its outlook in mentoring clients on the following observations:
- Aristotelian Holism – Aristotle described the general principle of holism in the metaphysics as "The whole is more than the sum of its parts". By explaining the importance of the whole plan and the interdependence of its parts, RPH defines our client’s financial goals and objectives through a quantitative and qualitative process. This allows the structuring of tailored financial strategies into manageable solutions through an Individualized Life Plan (ILP).
- The Socratic Method – An extensive self-discovery process using open-ended questions to elicit the client’s true financial goals.
- The Pareto Principle, also known as the 80/20 rule, was named after the 19th century Italian economist, Vilfredo Pareto, who observed that 20% of a given population yields 80% of the results. RPH strives to ensure that our clients participate in the 20% that operate at 80% effectiveness with their financial resources, resulting in a shorter timeline to accomplishing their goals. The Law of the Vital Few (Pareto) or the principle of factor scarcity is a theory RPH uses in wealth management. Those that have wealth have an even greater ability to further optimize their wealth.
- Psycho-Cybernetics – written by Dr. Maxwell Maltz, states that by intentionally steering one’s mind to produce good thoughts and actions, a person can achieve success and happiness. Dr. Maltz suggested that many people do not see themselves accurately because their perceptions are misshaped by erroneous beliefs buried in the subconscious mind. RPH assists clients with the varied and interrelated aspects of their busy lives because of how it not only affects them, but also their behavior.
"If a man is proud of his wealth, he should not be praised until it is known how he employs it"