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Financial wellbeing is rarely just about the numbers. But there are some areas where investors regularly miss opportunities.
Best of all? Some of them are free.
We’re talking about that collection of qualities that determine our human capital: the attributes, experiences, and habits that contribute to our ability to do our work and do it well.
Each of us has room for growth, and many of these qualities can be worked like a muscle. Generosity? Practice gratitude, and it will flow. Creativity? Get your internal censor a nice comfy chair in the corner of your brain so that you have the space to make something—then go for it.
Notice how we’re not talking about fighting your brain or your sense of self. We’ve known plenty of friends who flushed their energy trying to evict their weaknesses while their strengths—their true talent and potential—withered.
Even better, we don’t have to make these investments in huge, life-altering waves. Many of these qualities compound. Enthusiasm, punctuality, diligence: practice a few small actions and watch the habits improve each other!
Where can you invest in yourself? Your “earning power” is linked to a lot of domains. It’s not just your education or certifications. What areas of knowledge give you a unique perspective? What experiences have shaped you? These are parts of your financial journey that you can actively work on.
You’ll notice this investment is more about reflection than ‘rithmetic—but it’s work that can pay off in many ways. Your investments in yourself cannot be taken away, they adjust for inflation, and they help you lead a more interesting life to boot.
Clients, we’re glad to be part of the journey with you. Write or call when you’re ready to talk about this or anything else.
Time travel is a powerful way to reframe the present. Our collective present is full of challenges and setbacks, but what will this moment mean to you down the road, looking back?
If you’re prone to stay mired in the moment, here’s a game of “I spy” for you: where are the setups among all these setbacks?
You’ve heard it from us before. There’s day-night, day-night. There’s up-down, up-down. Well here’s one for these challenging times: setback and setup.
Some of our acquaintances are facing tradeoffs big and small right now. Less time for work… but more time with the kids. Less time with the gym buddies… but more time out in the sunshine.
In terms of business, our classic principles still apply here. We seek bargains. Economic activity is shifting. Some areas have slammed on the brakes as demand has fallen off; some areas are buzzing in a scramble to keep up with demand.
Just like the setbacks in our individual lives, the business setbacks exist alongside potential setups. Part of our job is to take a good look around to try to spot them. No guarantees, but we wonder what future growth is being watered by the current storm.
We’re not ignoring the storm. This approach, however, helps remind us of the bigger picture. It’s a more complete way to tell the story of a setback.
Clients, if you would like to talk about this or anything else, please email us or call.