Your Vision: A Time to Reflect and Implement Change
As we approach the end of 2018 and look forward to 2019 with much optimism about the unknown, now is a good time to reflect on what has worked well for you in the past and identify areas for improvement. Too often we get so caught up in the daily rush of life that we don’t take time to stop, reflect and be more aware of our self and surroundings.
In the hundreds of planning meetings we conduct each year, very seldom do we come across someone who wouldn’t want a redo or would approach life a little bit differently. Regret is powerful emotion that is hard to shake but in our view, it’s never too late to start over. Our last blog focused on 5 Year-End Planning Tips for 2018, so this week we want to explore the softer side of financial planning that our clients have come to know as Vision.
We recently came across a Barron’s article by Robert Pagliarini titled, Financial Advisor Shares The 20 Best Financial Tips He Wished He Could Tell His 20-Year-Old Self . In the article, the author does a great job outlining some of the financial regrets he and his clients have felt over the years and the areas for improvement. The list isn’t just for twenty-somethings; it resonated with us and we are sure some of the points will with you too.
- Take bigger risks
- Invest in yourself more
- Get money smart
- Move to opportunity
- Be more thoughtful about your life and goals
- Be obsessed with growth
- Develop the habit of savings/investing
- Do not take on debt for school
- Forget about balance
- Keep your core expenses low
- Upgrade your friends
- Focus on your health and energy
- Always be creating
- Use your other 8 hours wisely
- Stand out at work
- Change the way you think about your age
- Focus on your strengths
- Become aware of what drives you
- Take responsibility for everything
- Buy, invest and create assets
- Bonus tip: Have fun!
The take way for us is, it’s never too late to inject positive change into our lives. As we tell all of our clients, we get one shot at the game of life and our hope is to help you get the most out of it.
We wish you all the best in 2019 and look forward to what lies ahead!