Hi again and happy soon to be Fall; the season of pumpkins, hayrides and sweater wearing nights. It’s good to be a Maryland resident with the ability to enjoy our seasons. As summer was wrapping up in the month of August, we posted our first Blog. We talked to you about Creating Your Financial Vision and started it with what to do in your 20’s. We also introduced you to our favorite form of transportation, The Energy Bus. A book and way of life written by Jon Gordon. This month we will continue our ride on the energy bus and talk about finances in your 30’s.
Rule #2 on The Energy Bus is:
“Desire, Vision and Focus move your bus in the right direction.”
This includes the right financial direction. In your 20’s you are focusing on putting your financial house in order as a single person. As we move into our 30’s, it is often the time when many people are starting a family and working to advance in their careers. There is a lot going on in your 30’s so it’s important to have a Desire, Vision and Focus to move your financial bus in the right direction. These years will require a lot of positive energy to get your bus moving.
The following are just some things to consider in making that happen:
1. Work with a lawyer to prepare a will and consider estate planning needs.
2. Consider additional life insurance for your growing family.
3. Evaluate your investment portfolio to insure it is properly diversified.
4. Create an education funding plan if you have children.
5. Purchase disability income insurance if you don’t already have it.
6. Aim to make a down payment of at least 20% for your first home.
We can help you with each of these steps either through our office or through the network of professionals we work with on a regular basis. These include estate planning and elder law attorneys, a client that assists and places clients with assisted living facilities that best match their desires for where they want to live, business attorneys, CPAs and Accountants, to name a few. If we give you a referral, you can believe that we use them ourselves personally or we would if the need arises. They are all professionals that put integrity above all else.
We can also assist you with your retirement plan or 401K through your company. We are happy to review the plan for you and make suggestions and it is strictly complementary. We can give you backup information on what you are holding through one of the software systems we have in our office. Feel free to call anytime for a referral or a review.
Back to the bus. In the book, Gordon advises us to focus on our vision for 10 minutes a day and see yourself creating that vision. He goes on to tell us that there is a law of energy called the Law of Attraction. It says that the more we focus on something, the more it shows up in our lives. For instance, consider the last time you bought a new car. Didn’t you start seeing it everywhere on the road? That’s because thoughts are magnetic. What we think about, we attract, and it expands and grows. Gordon goes on to tell us that what we put our energy and attention on starts to show up more in our life and the energy we project through our thoughts is the energy we receive.
Think of Olympic athletes and the research on visualization. Gordon tells us that “all the Olympic athletes use it because there’s so much research that shows it works. Behind every gold medal are hours of visualizing their best performance or race” The same can be true for all of us. If we visualize our dreams and success, we will be taking the first step towards creating it. In summary Gordon tell us that “We live in an Energy Field of Dreams. If you build it in your mind, focus on seeing it and act, the success will come”!
As mentioned previously, Desire, Vision and Focus help you to move your bus in the right direction. Positive Energy is what fuels it. This would be a good place to tell you of a real-life incident where positive energy fueled the encounter and the heartwarming ending it brought with it.
One day a few years ago I was shopping at Towson Town Center during lunch time and decided to take a break and grab a sandwich at Subway. I had just finished ordering my sandwich and was waiting when I saw a young man walk up to the register and ask about the cost of one of the sandwiches. He didn’t seem to have the money, but he thanked the cashier and turned to walk away. I NEVER carry cash, but I happened to have some with me that day. I grabbed $10 out of my wallet and handed it to the guy. He asked if I was sure and thanked me profusely. He walked over to get in line to order, and I stepped up to the register to pay. As I got my wallet out, I felt a tap on my shoulder. A young man, the same age as the young man I had given the money to, was handing me $5.00. He said, “I saw what you did, and we’ll split it”. I told him that was really nice, but I happened to have cash with me that day, so I’d take care of it. I told him to hold onto it and give it to the next person he saw that needed it. He smiled and said okay. I will never forget this encounter because young people that age at the mall often get a bad rap, yet these two young men could not have been more polite or more grateful. This “positive energy” did fuel me and will remind me that a kind gesture goes a long way.
In closing for this month, I want to share an old legend from the Cherokee Indians.
One evening an old Cherokee told his grandson about a battle that goes on inside people…
My son, the battle is between two “wolves” inside us all.
One is Evil. It is anger, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority and ego.
The other is Good. It is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion and faith.”
The grandson thought about it for a minute and then asked his grandfather: “Which wolf wins?”
The old Cherokee simply replied, “The one you feed”.
Positive Energy – Pass it ON.
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