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!

Life is an adventure. Stay ready!

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 I 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 my current investments right for me 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 are my retirement plans?

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 my financial 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.

About the Author

Diane Manuel is a former UWM advisor. She worked closely with René for 5+ years, helping grow the Smart Women/Savvy Money Club. In 2021, Diane joined Adasina Social Capital as Director, Foundation & Client Relationships, pursuing her passion of creating investment strategies that support racial and social justice. Diane has been active in service and philanthropy most of her life, from her first job at the Watts–Willowbrook Boys’ & Girls’ Club to current roles with the Carter Center Philanthropy Council and the Women’s Foundation of California. Diane holds a BA from USC and a PhD in Psychology and MBA from Claremont Graduate University. She has authored articles in Investopedia, MarketWatch, and Financial Planning Magazine on finance, women, and philanthropy. An LA native, she enjoys 5Ks, the beach, wine tasting, photography, and walking with friends.