Disturbing news can make us feel overwhelmed. When it seems like a fine time to panic, we’ve got an opportunity. How to take a moment—and make room for only what matters most.
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Month: March 2022
It’s a Market of Socks!
Imagine buying a value pack of socks. Unlike your everyday value pack, this one contains 500 pairs of socks, and every single pair is different. Some are ankle-height, some crew. Some black, some brown. Some striped, some filled with pictures of cheese. Some will become your favorite socks ever, and some of them you’ll become embarrassed to own.
All in all, the pack could still turn out to be a good deal, right? But one more thing: you can’t break up the set. If you really wanted to return one pair of the value pack, you’d have to toss all 500 pairs back. Even those favorites!
Things could get hairy. If you ever needed to pull back, and no longer had room for 500 pairs of socks, you’d have to clear house and start from scratch. Discover that one sock had a hole? Live with it, unless you’re ready to pitch the other 999 socks too.
Doesn’t it sound like more fun to only buy the socks that you like best? Socks that you can actually imagine owning? Or socks that may have untapped potential (think of those warm, fuzzy ones you’re glad you got for the depths of winter). And—when you need to get rid of a sock—you’re not losing your whole collection.
Some people do buy stocks that way in effect: indirectly, 500 at a time. But what a tremendous privilege and exciting challenge to pick only those stocks, I mean, socks that you find most worthwhile.
Clients, if you have any sock tips, email or call.
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Play the audio version of this post below:
It's a Market of Socks! – 228Main.com Presents: The Best of Leibman Financial Services
This text is available at https://www.228Main.com/.
When Your Household Membership Changes
Momentum carries us through many of life’s relationships. Practicing traditions and routines takes all sorts of decisions off our plate. It’s a type of comfortable efficiency. Then, sometimes, a big change occurs—and things shift. We can find ourselves suddenly reconsidering decisions that we used to be able to take for granted.
I’ve seen it unfold in your lives, clients, and certainly in my own. When my wife passed, I discovered that there were aspects of my lifestyle that suited “Mark in a couple” but did not fit in my new life as “Mark on his own.”
Upon the passing of or separation from a partner, some people realize all of a sudden that what used to be a two-kayak household is now a zero-kayak household. And they’re content with that.
It can happen when the home suddenly expands, too: it’s not just the birth of children that can change a household’s makeup. Perhaps that mother-in-law suite becomes literal, or maybe an adult sibling or adult child moves in to help manage things.
No matter how the membership of a household is changing, the new dynamic will most likely bring changes to the financial texture of life for everyone involved.
- Are there are any lifestyle expenses that now make you feel, “I could take it or leave it”?
- Do you anticipate changing your employment situation in a way that wasn’t possible before?
- How might your tax strategies or insurance options change in this new arrangement?
Although many recommend waiting a year (or some other interval) after a loss or change before making big decisions, there are ways to explore in the meantime. Some people find it helpful to do their own research and talk with trusted friends as they explore options. Some prefer to work on their own personal development for a spell before reviewing their choices.
When your household membership changes, there is no right or wrong way to navigate these issues. Clients, if you’d like to talk through what this may mean for you, we’re game. Please write or call.
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Play the audio version of this post below:
When Your Household Membership Changes – 228Main.com Presents: The Best of Leibman Financial Services
This text is available at https://www.228Main.com/.
Does It Get Better with Time? Supply Chain Stories
A trickle here, a flood there… Shortages and supply chain issues can and do change over time. It helps to keep things in perspective. Do things get better with time?
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