During my senior year in college, I had the opportunity to give a quick word of advice to the student body during one of the chapels. The idea below is what I was thinking about beforehand, but for whatever reason, I shared something else. Today, I can't even remember what I shared during that chapel, but I can remember what I didn't.
The idea is that we should practice being today who we want to become later.
Many of the goals people have surrounding retirement or their financial life in general are noble. For example, I want to have more time to serve or I want to have more time to engage with my family.
Noble endeavors are somewhat like a muscle in that they need to be worked out to grow. It is my opinion that we shouldn’t completely delay these for retirement or someday in the future.
Does it make sense for us to disengage from our family to build a retirement so we can spend time with our family?
We obviously shouldn’t just indulge in today and let tomorrow be what it may, but we can’t completely forego today either.
Who do you want to be? Do you want to be someone who lives generously with their time and/or money? Do you want to be engaged fully with your family? My encouragement is to practice being today who you want to become.
Interesting Article(s) or Video(s)
IRS - Get My Payment Tool
Many people have had issues with the IRS tool for tracking their stimulus payments. The IRS recently updated the tool so if you have had issues with it in the past it may be worth giving it another try.
This article is a quick reminder that we need to maintain caution when sharing financial information.
A Wealth of Common Sense - More Thoughts on the Worst Case Scenarios for Diversified Portfolios
Interesting read especially after the Sycomore Saturday last week. He shows different portfolio allocations, a different portfolio makeup (notably S&P 500 for equities instead of more diversified US and International options), and compares over a much larger time period.
Thank you for reading! Who do you want to be? Can you practice it today?