It’s not exactly what everyone wants to think about, but the reality is that we are only here temporarily. We only have a short amount of time here, and we’re very constantly encouraged to make the most of the time we have. However, one thing that often gets overlooked is what’s going to happen after we pass. Figuring out what you want to happen to your wealth and belongings after you die can seem like a complicated process to complete, but it doesn’t necessarily have to be.
We all can agree it’s much easier to continue to do something when we see positive results. Kids learn at an early age not to touch the stove or you will get burned. In the winter it’s easy to really want to drink hot chocolate as soon as you get it, but again, you’ll get burned. If you had waited for it to cool a bit, you would have been able to enjoy it without a burned mouth. It’s a similar strategy for investing for your retirement. You’ve probably heard of the investing strategy “Buy and Hold”, or “Buy Low Sell High”.
School is starting. Parents rejoice! I met a couple the other day that were out getting coffee in the morning because they had just dropped their child off for his first day of pre-school. They seemed very confused, and admitted they didn’t know what to do with their newly found free time. Kids are great. You get to watch them grow and play, and teach them how to be an integral part of our society. Kids are the biggest investment you can make in your life, and theirs.
Marriage changes so many things. I mean, it’s one of the biggest relationship status updates you can make on Facebook. You most likely are starting to make a home with someone, not just live with them. Nothing can bring two people together like marriage, except maybe a bank account. This week on the Let’s Talk Future show we shared some pretty interesting facts about how people save. Rather, the differences in peoples saving habits as it relates to their jobs and personal lives.
A pillar is a person or thing regarded as reliably providing essential support for something.
There are many pillars in this life. There are pillars to happiness, relationships, and wealth. Pillars are simply the bare bones that are required before all the confusing routes and rules to get something and somewhere are developed. For example, the pillars of the United States are Life, Liberty and the Pursuit of Happiness. Everything else was built around those three standing pillars, or principles.
Here at Let’s Talk Future our goal is to cut through the noise and non-sense about money and give you the tools you need to help build wealth, invest for the future, and put a plan in place. Those are our show pillars.