Once upon a time, a colorful character roamed the streets of our village, loudly proclaiming an unusual philosophy of money and wealth. “If you have a nickel in your pocket, that’s too much. You better spend it on something so you won’t have to worry about it any more.”
This fellow always paid his bills, raised a wonderful family, and left a legacy of love and service that lives on in his children, grandchildren, and great-grandchildren. All who knew him (and everyone knew him) remember his joy and his generosity.
Without judging that philosophy, it is easy to see the benefit of combining a longer-term focus with the idea of enjoying the moments and days as they come. (Even this interesting old friend earned a secure retirement sufficient for his needs.)
Talking with clients over the past few weeks as we deal with the COVID-19 pandemic, the difference made by having some resources is astonishing.
- People working at relatively advanced ages by choice have been able to temporarily withdraw from employment in exposed industries.
- Retirees have seen some change in day to day activities like shopping and socializing, but parts of life including exercise and hobbies have been adapted to safer practices.
- Some have made the choice to retire, having the resources for it, and wanting to avoid the stress of continuing exposure to health issues.
Money makes no one immune to disease. But those who have it have options that those without it do not. Before the virus showed up, we understood that money is awfully handy.
Clients, if you would like to talk about this or anything else, please email us or call.