Happy New Year!
As we begin a new year (and a new decade!), it was suggested that I should share some thoughts and offer something uniquely profound to consider and reflect on. While I hope not to bore you, I wouldn’t go so far as to suggest that I have any deep insights or ‘secret sauce’ to offer up.
What I will say, is that it is a privilege to work alongside our clients, and our entire team values the personal relationships that we develop with each of them over time. Partnering with our clients to align their money and their lives gives us a front row seat to witness the many milestones and life events that they experience. In order for us to fulfill our practice values, we need to be more than merely competent and responsive. We have to make deep personal connections to better understand what inspires them, and conversely what worries them or keeps them up at night. Only then, can we work to eliminate the clutter and confusion that we all face with financial matters. In short, our mandate is simple… we care.
With the prospect of a fresh new decade, I hope that you do take some time to reflect on what is important to you and your families. To be clear, I am not proposing a set of resolutions for the New Year. I know my own track record in maintaining resolutions is terrible, and I have observed that there are way more parking spaces at the gym by the end of January! I would suggest that you take time to reflect on some ‘guiding principles’ that are important to you, that will in turn guide your goals and objectives.
Examples of this might be things like:
- Time with family
- Time for adventure
- Time to engage in hobbies or activities
- Personal growth or development
- Engagement or personal fulfillment
- Health and well being
With these guiding principles in place, it is much easier to guide, prod, and nudge your ‘plan’ towards things that really matter to you. If the common themes are ‘time’, then perhaps the goals might be modifying or changing career paths, or reduced hours. This may in turn drive conversations around early retirement or sabbaticals. There may also be specific purchase goals related to a hobby or activity… for example, a chalet purchase if your guiding principle is to engage with your family through a shared activity such as skiing.
In any case, everyone’s goals will be different, but having guiding principles in place can better inform your decisions around your goals and objectives.
They say that perfection is the enemy of progress, and I would agree in that we tend to bail out of our plans when it becomes clear that a straight line to our target isn’t possible. Giving yourself permission for course corrections and temporary rest stops can be vital to keeping the journey alive.
So my advice would be to take time to ‘contemplate’, but don’t forget to move! We are here to help, and we look forward to partnering with you on writing the next chapter of your life story. Let’s make 2020 and the decade to come the best so far.
As a Certified Financial Planner professional (CFP), Dwayne’s mandate is to make sure detailed planning is central to every financial decision that clients make. Whether those decisions involve making a major purchase, running a business, taking on debt, saving for retirement, or protecting loved ones from financial risk, his goal is to make sure clients always have enough, and that they never expose their families to unnecessary financial risks. Dwayne brings a wealth of Consulting experience to his role as an Executive Financial Consultant; being in the financial services industry since 1995 . Dwayne is a member of the FPSC Presidents List, having placed in the top 1% of CFP exam candidates across Canada in 2009.