HCOPL: Financial Planning Tips

HUBBARD COMMUNICATIONS OFFICE
Saint Hill Manor, East Grinstead, Sussex
HCO POLICY LETTER OF 13 FEBRUARY  1971

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Finance Series 2
FINANCIAL PLANNING TIPS

FP need not be a burden at all.

If these five  conditions exist then FP is very easy.

1.    PRODUCE AS  AN  ACTIVITY.  Look over what  your products  should be, particularly your valuable final products, and then begin to get those products somehow anyhow.  This and only this is the shining reason why you can have a decent allocation.  If it is then denied you,  you can howl and be sure of redress.  A cap in hand with no product is a sure route to chopped  FP.  (Example:  An  org  with  half a  million  collectable  on  its books but which didn’t even send out statements had an awful time with FP.  Asking  for  “allocations”  that  were  really  handouts,  neither  its  FP body  nor  its  FBO  fully  understood  WHY,  but  it just  seemed  unreal  to give it money. It was asking for money. It wasn’t requesting the return to it of money it had made and was entitled to.  It did not make other value so could not justify value. Therefore it “sort of looked odd” to Finance. Even Finance  did  not  know  why.  The  wildest  example  of this  was  the 1950 LA Foundation which,  under a US  Navy ex-rear admiral,  wanted $47,000 a week to subsidize a foundation  potentially making $80,000 a week.  But  he  closed  its  doors  and  wouldn’t  run  it  until  he  could  get”legal” and subsidized.¹   Another one is DK  1969 wanting Flag to pay it $3,000 a week to keep  it going  when  it wasn’t even sending out letters and did not even own a typewriter yet was accidentally making $5,500 a week average. There are tons of such examples.  Activities go on to government  appropriation  think  instead  of promote-sell-collect  and  deliver and  wind  up  with  no  pay,  no  food,  no  uniforms  and  FP  troubles  and conflicts you wouldn’t believe possible.)

Hubbard, L. R. (13 February 1971). HCOPL Financial Planning Tips The Management Series (1983 ed., Vol. 2, pp. 492-493). Los Angeles: Bridge Publications, Inc.