reflection

WORK YOUR WORTH

photo shows a pair of hands holding a book and a pen and a picnic table

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.

This Land is Your Land

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I have an interest in some land adjacent to the Platte River, near my home. A fairly extensive parcel, it includes small lakes, good places to have a picnic or campfire or pitch a tent, and lovely hiking paths.

Have you ever been mesmerized by the sight of moving water? Ripples on a pond, waves on a lake, or a river flowing seem to connect with us on a deep level. This land offers ample opportunity for inspired introspection.

Walking it in different seasons provides a different experience every time. The leaves of the cottonwoods provide early color in the spring, spring and summer breezes murmur through them, and autumn winds make them rattle as they turn yellow and dry out, before they fall. When bare of leaves, the cottonwoods stand vividly against purple winter dawns and red sunsets.

The time I spend on this land promotes my well-being in every dimension: physically, emotionally, spiritually.

The other day I wondered how much it would cost to buy the parcel today. I was grateful that there is no need to do that; it would be quite expensive.

The interesting thing is, I never bought it, not any fraction of it. My interest in it arises from a state park annual pass. The pass covers the Louisville State Recreation Area, 65 other recreation areas, eight state parks and nine historical parks. Each of us has the same right to it, whether we leave a large mansion or a small apartment to access its wonders. Clients, the twenty states you live in each have something similar.

As we enjoy the present and plan for the future, we benefit ourselves by finding and taking advantage of the opportunities to enrich our lives that are free or nearly so. The ability to be cheaply amused, a valuable trait, is a great one to cultivate.

Clients, if you would like to talk about this or anything else, please email us or call.

Anniversaries

© Can Stock Photo / tiverylucky

We balance our attention between the moments in which we live, and the longer term over which we plan for the future. Anniversaries are a natural place to pause and take stock.

My 63rd birthday approaches. This may not seem like a particularly important number, but for me it is. My father and my eldest brother both passed away at age 62. Getting older has never been a problem for me; it is key to my intention to live a long and productive life. I am trying to do what I can to extend the string of birthdays so I can indeed work to age 92.

The 25th anniversary of my affiliation with LPL Financial comes later this year. It has always seemed like the right choice. With the challenges that we have had to work around in recent years, the flexibility and effectiveness of our partner LPL has become vital. In particular, full support for 21st century communication has helped us make a digital presence a key way to deal with periodic separation in time and distance.

Speaking of partners, I will celebrate our 44th wedding anniversary with the really important one this summer. In a life filled with good fortune, I count alphabetical order as a special blessing. On the first day of freshman year of high school, I found my assigned locker right next to Cathy Livingston’s.

You play a huge role in my long range plans: you are why I want to work to age 92. To say I am having a good time would be an understatement. While enjoying the moments as they pass, I’m also looking ahead to ways to build an organization that can better serve you, on a more sustainable basis.

Back to work! Thank you all, for everything. If you would like to talk about anything, please email us or call.