|By Sarah Carlson, CFP®, CLU®, ChFC®|
The holiday season is already here and how to feel like you are enough can be a demanding task. We may worry too much about meeting everyone's expectations with how others perceive us and create a financial holiday hangover. In addition to holiday shopping and family planning, we are bombarded by information about increases from inflation to changes in the tax law. It may feel as if no matter where you go and what you do, there's no time to stop and think about you.
Are you tired of the noise yet? Enduring the second year of the pandemic, we feel the information fatigue and the need to have a real connection are tangible.
Now, more than ever, it's about planning for life and creating a balance that allows us to each live a journey worth living. So what is enough? Each of us has a different answer to that question. We all know that money doesn't buy happiness, but it certainly helps with peace of mind. It is comforting to have opportunities and options even though we may be focused on our path. Financial confidence can contribute to our ability to live a meaningful life and help us contribute to society.
What is Your Enough?
Angus Campbell, Social Psychologist at the University of Michigan, conducted a study that supported making people financially happy as a sense of well-being in America. Agnus found that people want to control doing what they want and be with the people they choose.
- So what do you want?
- When do you want it?
- With whom do you want to enjoy it?
- What brings you that sense of well-being?
It's important to ask these questions for yourself. Delaying will bring the same results all year round. It's time to take a step back and make these changes in your life.
Have You Thought about Your Value Statement?
What words describe the essence of who you are? Legacy planning involves recognizing that we are a creation of our life experience. A clear purpose can help us write the story we want to tell others when we are gone. Being rich reflects a big bank account, but building wealth, we carve a path of who we want to be and what we want to achieve. Without a clear purpose and investing in yourself, having a lot of money becomes meaningless.
As we rest back into this holiday season and reflect on this past year, I invite you to rediscover what is essential to you, the path you have chosen, and whether there are any changes you want to share to enrich the colorful path you have chosen. You are enough; being on this magical journey will help you set the stage to pivot in ways that will help you change the trajectory of your life. It's your life, the time is now, and you are worth it.
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Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.
All investing involves risk including loss of principal. No strategy assures success or protects against loss.