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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