HCOPL: Financial Planning Tips (1971)

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

Remimeo
Add Finance Checksheet
All FP Members

Finance Series 2
FINANCIAL PLANNING TIPS¹

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.² 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.)

Notes