Get In Gear Tip: Stay the Course?

Get In Gear Tip: Stay the Course?

Life is an adventure. Stay ready!

New day. New order. New world.

Should you "Stay the Course"? Make changes? Sit tight and not be concerned?

Ask yourself these THREE questions:

  1. Do you want to achieve your goals?
  2. Do you want to have enough money to do what you want to do?
  3. Do you want to make the best decisions possible?

If you said "yes" to any of these three questions, you realize that being proactive can be a significant and vital strategy. It minimizes your fear, anxiety, and thoughts of being overwhelmed.

There is a tremendous sense of uncertainty in the air. How can you control that feeling of apprehension and fretfulness? Focus!

What should you focus on?

  • What matters most
  • What you can control most

From there you can move forward. Considering all this uncertainty and ambiguity in the air, I suspect that your wealth and money meet the criteria referenced above: It’s important to you, and you can control what you do.

Here is a sampling of conversations I’ve had with some of my clients to help them focus:

What should you be doing right now?

Answering key questions.

  • Is your job stable?
  • Do you have sufficient emergency savings?
  • Who are your partners? (Financial advisor. Accountant. Attorney. Healthcare Professional.)

Are your current investments right for you right now?

Conduct an assessment.

  • When do you need to spend your investments? (Now. Soon. Later.)
  • Are your investments adequately diversified?
  • How comfortable are you with uncertainty and volatility in the stock market?

What does your retirement look like right now?

Know where you are.

  • You’ve got a long way to go?
  • Your retirement is around the corner?
  • You’re retired now. Is your cash flow and income sufficient?

Where are your risks?

Think about what COULD happen.

  • If you, family or close friend get sick do you know EXACTLY what to do?
  • You have insurance or cash to maintain your lifestyle in sickness and in health?
  • Your administrative team of advisors: Financial Advisor. Legal. Accountant. Healthcare. Do they all have clarity about your expectations?

Remember: You have choices. You can choose to be PROACTIVE.

Or stay in your current zone and give up control of your life for today and tomorrow. It’s your choice.