#51 - One Thing
A part of every good financial plan is determining goals. Goals shape how we spend our time and the tasks we devote ourselves too.
Occasionally we become so bogged down with the tasks that we forget the purpose.
This week I read the story in Luke 10 about Jesus at the home of Martha and Mary. For those unfamiliar with the story, Martha was trying to make preparations while her sister Mary was sitting at Jesus’s feet listening to him. Martha requested that Jesus ask Mary to help her. “Martha, Martha,’ the Lord answered, ‘you are worried and upset about many things, but few things are needed- or indeed only one. Mary has chosen what is better, and it will not be taken away from her.” Jesus indicated there is one thing above all.
I don’t want to take away from what Jesus said, but I believe it is easy to apply this general idea to ourselves as well.
Our values shape priorities which shape goals which shape action. These should all align, however, it is easy to forget the why behind the action. Reminding ourselves of this progression (values-priorities-goals-action) reduces our worry about that individual task and helps us to align our actions with what is ultimately valuable.
Interesting Article(s) or Video(s)
Advisor Perspectives - How the New COBRA Rules Affect Health Insurance Planning
I originally saw this article on Kitces.com. It is ultimately written to financial advisors but is an interesting read for individuals who have lost health coverage.
There is some relief for individuals who took unwanted RMDs in 2020. It doesn't apply in all circumstances but may for you. The deadline of August 31st, 2020 is approaching.
Thank you for reading! What is the one thing?