LBW - Life Before Wealth

Wealth is the abundance of valuable resources or material possessions or the control of such assets. The word wealth is derived from the old English wela, which is from an Indo-European word stem. An individual, community, region or country that possesses an abundance of such possessions or resources is known as wealthy.

Are you actively planning and managing your wealth? Or do you go through life on autopilot?   Most people get up in the morning, go to work, come home, eat, get an hour (or more) of TV, go to bed, and then get up the next day and do it all over again. They know there’s more to life, but they don’t know how to get it and don’t have the energy to figure out how.   This routine can go on for years. For some, it adds up to a lifetime lost.

Unfortunately, most people live their lives on an event-by-event basis and end up doing their financial planning the same ad hoc way.  When some sort of financial crisis comes up, they go get a fix for that problem.  This sort of  ad hoc “planning”  results in a hodge-podge of conflicting objectives — with dire consequences.  People needlessly lose hundreds of thousands (and sometimes millions) of dollars from taxes, lawsuits, legal fees, market fluctuations and more.   All of that is avoidable.  What’s missing is a sense of the whole picture, with an understanding of where and how each component fits in relation to the others.

Start by designing your ideal life. Then design your wealth management plan to serve your real goals. Don’t let that stop you.  We have competent wealth advisors available whose whole mission is to understand the big picture and all your options. They can help you decide which ones actually help you accomplish your goals instead of serving the private agenda of the “other” kind of advisor who gives you only a few of the traditional options that make him the most money.

Still, designing and implementing your wealth plan is not the first step.Designing your ideal life is.

But, ’Life without Wealth’ would be dull to say the least!!A clean bowl was never a desirable option.