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  • Writer's picture Treavor Dodsworth CFP®, CPA, CKA®

#54 - Hope


Hope

Hope and personal finance may not seem related initially, however, hope is an integral part of any financial plan.


The aspect of hope that I want to discuss is taking the time to look beyond the problems immediately at hand to see the big picture. This is a part of most, if not all, of the financial plans that I discuss with people. There is an aspect of how to solve/manage immediate problems and looking to the future once those problems are solved.


It is easy to become hyper-focused on the problem right at hand and forget the big (eternal) picture. For example, instead of allowing fear to take over in an investment market downturn, we can take a step back and view the downturn in the context of the overall longterm financial plan.


This doesn’t mean we should avoid or ignore the issues at hand, but stepping back and seeing the big picture can give us the hope we need to conquer them without becoming overwhelmed. 


For the Christian, the hope is eternal and everlasting- the belief that one day all will be made right. Personal finance is no exception to this.

 

Interesting Article(s) or Video(s)

  • An interesting read for those who have taken unwanted Required Minimum Distributions (RMDs).

  • Many religious leaders formerly didn’t qualify for PSLF. The details are still being ironed out, but many more should be eligible based on recent updates.

 

Thank you for reading! Does taking a step back and seeing the big picture give you hope?

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