Photo by Amy Reed on Unsplash
Too many people rely on luck or chance to meet their financial goals.
As if being in the right place at the right time or getting lucky with a hot investment was the missing ingredient to cashing in on the pot of gold at the end of their financial rainbow.
To be sure, it helps when the stars align in your favor. And if a lucky charm in your pocket makes you feel better, I am all for it.
But if you are serious about your financial well-being it’s going to take a lot more than a lucky roll of the dice to help you meet your goals.
Below are five ways you can stack the odds in your favor and reduce the role of luck in your financial life. Hint: The last one will surprise you.
Outside the sun is bright, the skies are blue and it couldn’t be a more beautiful winter day.
It also happens to be -30. Factoring in the wind, it “feels like” -50.
Schools, some government offices and many private businesses are closed. The local power company has just announced an urgent request for homeowners to dial back their thermometers to 60 to reduce demand on the power grid.
To me it sounds like a perfect day to work from home, break out the fingerless gloves, and get a jump on my 2018 tax return.
Of course, life doesn’t have to be this way. Some states never see temps fall below freezing and there’s even a few where state income taxes don’t exist.
However, the move to a more weather and tax friendly state comes at a price.
Before you sell the ice shanty and move to a state where the taxes and temps are more favorable, consider this:
When I turned 50 I had an ambitious bucket list. Most of the items on my list were things that I wanted to do “some day”. I quickly realized that “some day” may never come, and that if I ever wanted to check any of my bucket list items off the list that I had better get started.
In fact, some of the most important things on my bucket list were simple, day-to-day things that I was at risk of missing out on if I didn’t make them a priority in my life.
Below is a short video that suggests a different way to look at your bucket list.
A New Way to Look at Your Bucket List
Katey McCabe, and her son, Fritz (age 6), volunteering at the 2017 packing event for Feed My Starving Children.
Earlier this month I had the chance to participate in a MobilePack™ event at Incarnation Lutheran Church in Shoreview, MN. It’s become an annual tradition for me and my family.
Since I also make a monthly financial contribution to Feed My Starving Children on behalf of my clients, it’s also a great opportunity to see my investment at work, actively participate in this event and help assemble the packages of soy, rice, vitamins and veggies that will be distributed to children around the world.
The theme for this year’s event was “All Hands On Hope”. To paraphrase Pastor Gary Medin, Senior Pastor at Incarnation, if you contributed financially to this event or to the church’s capital campaign or volunteered to help assemble meals, you have a hand in making this possible.
To that I would add, if you are a client of mine, you too have had a hand in supporting the life giving work of Feed My Starving Children. Thank you for your continued support and for your part in making this event possible.
Below is a “repost” of an article I posted last year describing this event. This post has been updated with current stats and facts.
Photo by freestocks.org on Unsplash
According to the National Retail Federation, Americans will spend an estimated $19.6 billion on Valentine’s Day this year. With a little more than half of the American population participating in Valentine’s Day giving, that breaks down to about $143 per person.
While chocolates, candied hearts or a night out on the town can be great ways to express your love, I would argue that financial planning may be the ultimate act that says, “I love you and I care about you”.