FINANCIAL ADVISORS: TAKING STEPS TO IMPROVE
February 9, 2022 2023-04-05 19:13FINANCIAL ADVISORS: TAKING STEPS TO IMPROVE
FINANCIAL ADVISORS: TAKING STEPS TO IMPROVE
FINANCIAL ADVISORS: TAKING STEPS TO IMPROVE
WISE COUNSEL
Financial advisors are important when taking steps to make improvements. Dealing with any money script requires understanding the people around us. The best gift we could give to ourselves is seeking a trusted money advisor to help us walk this journey of improving our money scripts. It is human to make financial mistakes, and the best way to get back up involves seeking help. Other times, prevention is better than cure. Mark Twain, a renowned novelist, earned a considerable fortune from his writings and lectures. However, he lost most of his wealth by investing in ventures that did not work out. Eventually, he filed for bankruptcy. With the help of a financial advisor, Henry Huttleston, Twain got back on his feet and paid all his creditors.[I] He did not need to repay them as filing for bankruptcy had relieved him of that burden.
Reflection
What is the costliest financial mistake you have ever made? What did you learn from this experience?
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There is safety in the multitude of counselors. Do you have someone who gives you sound financial advice? If you were to choose a financial advisor today, who would that be and why?
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Would you consider going for a professional financial advisor?
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DEVELOP A REWARD SYSTEM
Self-reward for hard work should be a priority for the money vigilant. One way to reward yourself is through spending on your loved ones. The feeling of love and gratitude from your loved ones will always trump the sense of safety from having money in the bank. In early Mediterranean cultures, the chief goal of a person was to maintain personal honor and reputation. People achieved this mainly through family and social relations and interactions rather than skill or wealth.[II] Your reputation towards family members and loved ones will not be because you saved a lot of money, but because you took the time to build relationships with them.
Reflection
Are you getting the rest and leisure you deserve?
How do you reward yourself after achieving a plan?
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What do you have to do about your finances and family to have no regrets in your old age?
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[i] Paine, Albert Bigelow. Mark Twain, a Biography. Anboco, 2016.
II] The Chronological Study Bible (NKJV). Thomas Nelson. 2008. (p.491).
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