Treavor Dodsworth CFP®, CPA, CKA®
#122 - Give What You Need
Consumer sentiment has been down recently. While this metric primarily deals with economics and financial matters, it does seem that the ongoing effects of the pandemic are weighing on people in many ways.
I have been reminded during this time of two ideas.
The first is to give what you need. I initially was introduced to this concept when I read Tim Sanders' book Today We Are Rich. Think about what you need and try giving it to someone else. If you need grace, give grace. If you need time, give time. If you need encouragement, give encouragement. It seems backward I know but just try it. It has a profoundly freeing result.
The second is being a thermostat instead of a thermometer. Set the tone instead of just reporting it. From a financial perspective, this idea can have a profound effect on the culture in your very own home. Is your home one that focuses on things you don’t have or things that you do?
Practicing contentment will give you much more financial freedom than a great market return or saving on taxes (preaching to myself).
Interesting Article(s) or Video(s)
Kitces.com - Credit Card Rewards Strategies: How to Maximize Benefits and Add Client Value
Credit cards are interesting because if used irresponsibly they can significantly set someone back financially but if used responsibly they can give you a little bonus each year. Maximizing credit card rewards can be a rabbit hole but some take that jump and save a significant amount. Ultimately, each person can have their own specific strategy given the number of options. It is very important to know your own limitations when looking at credit cards.
Thank you for reading!