compounding

Lining Up the Dominoes of Financial Planning

photo shows a line of snaking dominoes falling on a light blue surface

Clients, it’s normal to feel this way: suddenly a change is upon us, and we feel like there’s more to do than we bargained for. For some, it can feel like waking up to a never-ending list.

I’ve heard it from young folks, just starting out. Once they become aware of the state of their finances, it can be both empowering and overwhelming. It starts to seem impossible to accomplish everything that stretches out ahead of them: big purchases like houses or degrees, big goals like travel or retirement, and all the unexpected stuff in between? Daunting.

Other parts of life can prompt a sense of being overwhelmed, too, like the passing of a partner, a big move for a parent. It can feel like there’s no way to do it all.

Things are not as they seem, though. No one can do it all… at once. That’s the key: nobody can do it all at once.

We’ve talked about this idea before in terms of the many hats we wear in life. Perhaps a better way to think of financial goals, in particular, is dominoes: only one domino needs to fall at once, but the momentum means that each one affects the next. Starting the chain reaction takes the most energy. The rest of it builds on itself.

Think about the prelude to most people’s spending and investing goals: the emergency fund. Once you’ve got this resource in place, you move onto the next goal. But you’re not starting all over from scratch for the next goal. It’s the opposite, because now you have a firmer, better foundation to build on. You’re already on your way with more freedom than before!

Meaningful goals compound. They become a resource in themselves.

Clients, what’s next for you? Where does it fit in the big scheme? Reach out, anytime.


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Lining Up the Dominoes of Financial Planning 228Main.com Presents: The Best of Leibman Financial Services

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On Roots and Wings

photo shows a bird sitting on a flowering branch

Usually when we’re talking about love at 228 Main, I’m expounding about my passion for this work: I love my work, I love talking with you, we love what we’ve got going here.

It’s another week filled with sentiments and gestures surrounding love. Whether you like or loathe the Hallmark stuff, I’m thinking a little differently about this theme.

Our financial lives are full of choices. This or that, this plan or that one. We set savings goals, retirement plans, and contingencies. You can have some of everything, but each move comes with a tradeoff. Not every area can get all of our attention. It wouldn’t be possible.

It’s not so with the principle of “love.” It’s another resource—one that compounds.

Perhaps love is about being able to look at ourselves and others, note the human complexities and contradictions, and embrace it all for what it is. That’s where freedom is, where joy is possible.

But we can’t get too precious about it, either. We’re not forever stuck on past loves; we’re not forever reaching for future loves. We hold all of it, together, as parts of ourselves. They are strengths that move with us as we navigate the present. They are gifts, tools.

American newspaper editor Hodding Carter once wrote, “A wise woman once said to me that there are only two lasting bequests we can hope to give our children. One of these she said is roots, the other, wings.”

There’s no need to hold too tightly to either our roots or our wings—just the wisdom to embrace it all as it is.

Where are you headed? Where have you been? Clients, what a joy to be on the journey with you. I do so love this work. Call or write when it’s time to connect.


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Small, Boring, and Extraordinary

We talk a lot about plans and planning. Your goals, your situation are at the center of our work. And they have to be: that’s the whole point.

But you didn’t become the best clients in the whole world overnight. It’s been a journey of change for us and for you. So how did we do it? How did we build relationships where we can navigate change, monitor the conditions around us with clear eyes, and adjust when needed?

We didn’t leap off any cliffs together. We didn’t burn it all down. We didn’t do anything drastic. “Rome wasn’t built in a day,” the saying goes—and neither is a solid financial life.

We don’t look at a goal—retirement, for example—and expect that one big, amazing deal is going to land a pot of gold in our laps. But we also aren’t going to scratch our heads and wonder how we’re going to magically produce that pot of gold.

Creative Julia Cameron explains, “When we allow ourselves to wallow in the big questions, we fail to find the small answers.” (In fact, her book The Artist’s Way is all about showing up every day, putting in the work.)

Good work often means doing the small, boring bits—over and over. We show up for work. We make sure our savings plan gets executed every payday. We reevaluate our holdings as conditions change. We read, research, and chat.

Clients, our partnership is not a series of grand gestures. But it is a series of respectful connections. As Cameron would put it, it’s about “respect for where we are as well as where we wish to go.”

That is how we grow, together. And we actually think the small, boring moves can build something pretty extraordinary.

Please, write or call when we can be of service.