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

#40 - What Changed?


What Changed

Last week I participated in a call presented by Rob West (Kingdom Advisors) and Paul Anthes (R3 Coaching). Among other topics, they discussed an exercise and worksheet that is helpful to walk through when thinking of all the changes we have faced recently. The worksheet is intended for businesses (financial advisors in particular), but even if you don’t own a business, I think it applies well in our personal life as well. The idea is to walk through the following four categories after praying for God’s guidance:


Must Not Change

  • Example: Priority order - God > family > work


What Changed

  • Example: Increased concern and giving to those around us


Temporary - Change Back

  • Example: Attend church service in person


Changes to Keep or Make

  • Example: Spend less time with the inlaws… joking of course. My inlaws are great.


Everyone I know has been impacted in some way by COVID-19. When you start listing out the changes, I think you will find some of them have been positive. This exercise is helpful in being intentional about what changes you keep.

 

Interesting Article(s) or Video(s)


  • The SBA continues to push out new guidance regarding the PPP loan.


  • For many, it makes more sense to invest an HSA balance for the long term vs. using it for current expenses. This isn’t always the case though, and therefore, it is helpful to keep up with changes to the distribution rules. The CARES Act expanded what HSAs can be used for.

 

Thank you for reading! What changes would you like to be permanent?

Thanks! Message sent.

All written content on this website is for information purposes only. Opinions expressed herein are solely those of Sycomore Financial, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. The owner of this website takes great care to thoroughly research the information provided to ensure that it is accurate and current. Nonetheless, the content on this website is not intended to provide tax, legal, accounting, financial, or professional advice, and readers are advised to seek out qualified professionals that provide advice on these issues. All information or ideas provided should be discussed in detail with an advisor, accountant, legal counsel, and/or other pertinent professionals prior to implementation. In addition, the owner cannot guarantee that the information on this website has not been outdated or otherwise rendered incorrect by subsequent new research, legislation, or other changes in law or binding guidance. Neither Sycomore Financial or it's owner shall have any liability or responsibility to any individual or entity with respect to losses or damages caused or alleged to be caused, directly or indirectly, by the information contained on this website. In addition, any advice, articles, or commentary included on this website do not constitute a tax opinion and are not intended or written to be used, nor can they be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. Any mention of an investment product or solution is not a recommendation to buy or sell. ETFs that are mentioned may not accurately reflect the market segment mentioned. Past performance is not a guarantee of future results. Any mention of rates or return should not be seen as a guarantee those rates or return will be received.

​

bottom of page