ENOUGH
There is usually an enough question ….
"Do we have enough money?" ....
"Do we have enough time?" ….
"Are we taking enough risk?" ….
"Is our portfolio diversified enough?" ….
In short, "It depends …. It always depends on your enough."
To be sure, understanding what enough means to you is very important. It is enough that determines your spending and savings rate; the two most important variables to your long-term financial success. Though, as Seth Godin points out, enough is a choice, not a measure. It is a moving target. For one family, two million dollars is more than enough; for another, nothing less than five million will do. So, instead, we ask questions like …
“Do you feel fulfilled?” ….
“If so, how does money amplify that fulfillment? If not, how will more money fill the void” ….
“On a scale of one to ten, how do you feel about your current financial situation? What would have to happen over the next twelve-, twenty-four, or sixty months to improve that rating?
“If money was not an issue, what would you do differently? Why?” ….
“Money is a means to an end, not an end itself. Given that, what is the actual end? What is your money for? ….
These are not financial questions. They are about your lifestyle expectations and priorities. They rely on personal discovery not financial advice, self-awareness not financial acumen. We are here to guide you. Though, in the end, you will decide if you have enough, not us.
Answering these questions honestly is the hardest part of financial planning. We know, for example, that people are more likely to answer questions in a way that they perceive will be well-received by others, not in a way that aligns with their actual beliefs or behaviors. It is important to resist this tendency. In our experience, you need to be candid, you need to be vulnerable, and your advisory team should encourage both as they are necessary conditions for successful planning outcomes; that is, advice and recommendations tailored to your objectives, your preferences, your enough.
Number-crunching is easy; data analysis and financial projections are absolute table stakes in private wealth management. Everyone can do it. However, it is not useful until you know what your enough is. You should expect more from your advisory team. To move forward with confidence, with clear eyes and a full heart, you want to know that your wealth is enhancing your overall happiness and well-being. Start with this end in mind – happiness and well-being. You need to refine what both mean to you. Let us help.
Very few professionals can lead such meaningful conversations. It takes empathy, not university degrees or financial designations. At 38, credentials in stow, I know my own Jedi is not yet strong enough. Thankfully, Lou’s is. I believe that her counselling ability is unmatched in private wealth management, her empathy shines through. Reach out to start the conversation with her today.
"Do we have enough money?" ....
"Do we have enough time?" ….
"Are we taking enough risk?" ….
"Is our portfolio diversified enough?" ….
In short, "It depends …. It always depends on your enough."
To be sure, understanding what enough means to you is very important. It is enough that determines your spending and savings rate; the two most important variables to your long-term financial success. Though, as Seth Godin points out, enough is a choice, not a measure. It is a moving target. For one family, two million dollars is more than enough; for another, nothing less than five million will do. So, instead, we ask questions like …
“Do you feel fulfilled?” ….
“If so, how does money amplify that fulfillment? If not, how will more money fill the void” ….
“On a scale of one to ten, how do you feel about your current financial situation? What would have to happen over the next twelve-, twenty-four, or sixty months to improve that rating?
“If money was not an issue, what would you do differently? Why?” ….
“Money is a means to an end, not an end itself. Given that, what is the actual end? What is your money for? ….
These are not financial questions. They are about your lifestyle expectations and priorities. They rely on personal discovery not financial advice, self-awareness not financial acumen. We are here to guide you. Though, in the end, you will decide if you have enough, not us.
Answering these questions honestly is the hardest part of financial planning. We know, for example, that people are more likely to answer questions in a way that they perceive will be well-received by others, not in a way that aligns with their actual beliefs or behaviors. It is important to resist this tendency. In our experience, you need to be candid, you need to be vulnerable, and your advisory team should encourage both as they are necessary conditions for successful planning outcomes; that is, advice and recommendations tailored to your objectives, your preferences, your enough.
Number-crunching is easy; data analysis and financial projections are absolute table stakes in private wealth management. Everyone can do it. However, it is not useful until you know what your enough is. You should expect more from your advisory team. To move forward with confidence, with clear eyes and a full heart, you want to know that your wealth is enhancing your overall happiness and well-being. Start with this end in mind – happiness and well-being. You need to refine what both mean to you. Let us help.
Very few professionals can lead such meaningful conversations. It takes empathy, not university degrees or financial designations. At 38, credentials in stow, I know my own Jedi is not yet strong enough. Thankfully, Lou’s is. I believe that her counselling ability is unmatched in private wealth management, her empathy shines through. Reach out to start the conversation with her today.
