We Do Money Management on the Side

When we think about financial planning as it is represented in society at large, the first thing that can come to mind for many of us is data, numbers, and this foreign concept everyone tells us we need to be doing. We get bombarded with information about having enough to retire, how much we need to save, how to invest, etc. When looked at this way, it can almost feel like something separate from ourselves that we just need to get done to check a box. But we still wonder, will we really have enough? What if we need to help our kids? What if something happens? It’s like how we think and how we feel are separate. That’s because when viewed in this context, they ARE separate. In addition, they are both derived from fear; fear of not doing what’s expected of us, fear of the unknown, fear of not being ok. Some people are more financial minded, and the numbers come naturally. Others may excel in concepts, big picture, or even the emotional parts. But having to gain a full picture of everything can be a challenge. It doesn’t have to be that way.

True, comprehensive financial planning as it can exist, is a remarkable set of tools that allows us the opportunity to bridge the gap between the money side of life with all those things that matter most to us in this world. Our families, our purpose, etc. It is an intentional process in which we build a framework for our specific goals, have in-depth discussions on what those things are, and then take the financial side and merge it into place. It considers the financial, intellectual, emotional and spiritual elements of how money works in our lives, and creates a cohesive, ongoing plan which joins us on our road. The result is clarity and understanding, and that our thoughts and feelings are in alignment.

It’s funny. I can’t tell you how often we are in client meetings, and someone says to us, I never thought that this is what financial planning is, I like it. Or I didn’t realize we were going to be talking about what money was like growing up, this is interesting. Or I didn’t know you guys provided counseling services. To which we say, yeah, this is pretty much a counseling firm. We do money management on the side. Lol. What’s really happening is they are beginning to see that financial planning can be more than just numbers, and how valuable an integrated approach can be. And to that I say, what a blessing.

Investing involves risk. No investment strategy can guarantee positive results. Loss, including loss of principal, may occur. Material discussed is meant to provide general information and it is not to be construed as specific investment, tax or legal advice. Keep in mind that current and historical facts may not be indicative of future results. Diversification is an investment strategy that can help manage risk within a portfolio, but it does not guarantee profits or protect against loss in declining markets.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. (C) Twenty Over Ten