Treavor Dodsworth CFP®, CPA, CKA®
#101 - Lowering Money
This somewhat comical image mocks the pursuit of wealth. We all know that this isn’t the good life. Even from a strictly worldly standpoint, a life filled with family and friends would top a life where you are sitting in a dark room fanning yourself with money.
Even though we know this isn’t the good life, it is so easy to allow the pursuit of wealth to shift into that top priority spot at the expense of our relationship with God, family, and friends. I am not bringing a new idea or concept but rather just a reminder to consistently evaluate your priorities.
Over the years, I have worked with a variety of different clients from multi-millionaires to those just trying to make their net assets positive. I have not noticed a significant correlation between someone’s overall happiness and life satisfaction with their level of net assets.
I remember my Grandma saying to me something like, "You know, sometimes I think people would just be better off if they had less money."
While less isn't always better, more may not fill the void either. This post is simply a reminder to evaluate priorities and not fall into the trap of the never-ending pursuit of more.
Interesting Article(s) or Video(s)
A Wealth of Common Sense - There is No Such Thing as a "Normal" Market Environment
Long-term averages are nice to review but sometimes they mask the actual volatility. Ben looks at several charts that help to illustrate the varying situations we have found ourselves in in the past.
Thank you for reading!