What True Wealth Means to Me

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published by Mark Lookabill, Wealth Advisor

I was reminded this past week of what really embodies “True Wealth.” Last Saturday, I went to visit a client who was in poor health and in the ICU at a local hospital. I wanted to spend time with he and his wife to see how he was doing. When I asked him the question, “what could I be doing for you”, his response was an example. He pointed to the other side of the bed to his wife and said take care of her. He then proceeded to ask me how my son’s soccer game went. Even in very poor health, he was more concerned with the well-being and joy of others. Kevin passed away later that evening.

True Wealth to me is the overall idea of being able to enjoy what you’re doing while helping to take care of those closest to you, all while working to pursue your goals and dreams.

One of my primary goals for my wife and kids is to have well-rounded lives where they enjoy what they’re doing on a day-to-day basis and are productive and compassionate individuals. At times this involves me being able to be well-balanced as well and have time to help them do what they need to do- whether this be homework and studying for the kids, being able to help them practice soccer or golf or simply being able to watch the children while my wife is at a meeting at our church.

When it comes to putting together personal financial plans for clients, so much of the focus is on the numbers, or as I call it, “the science of the plan.” But, I also believe that the “art” portion of the plan (the goals, dreams and True Wealth items) is even more important than the numbers. I believe ultimately that the assets that an individual or family has are just tools to pursue True Wealth items.

For many, True Wealth items are having a goal of retiring early to spend more time with family and friends. Others want to volunteer their time with a charity that they are passionate about. Being able to fund the education of their kids or grandkids is one I hear often. Having the ability to help someone start a business and be able to see the fruits of their work be passed along to someone else comes up frequently, too.

So much of my time is being able to provide financial planning advice and give good counsel for the people that we work closely with to help them seek to achieve their True Wealth dreams. Again, my recent experience in the death of Kevin was a reminder to me of how important maintaining focus on True Wealth is for myself, my family and the people that I work closely with.

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Should I Open a Traditional or Roth IRA?

Multiple retirement savings vehicles are available but having options can be overwhelming. Each option comes with different rules leading to a variance of outcomes in the short-term and long-term. It’s not that dissimilar to choosing what to eat.

Carson Investment Research’s Outlook ’23: The Edge of Normal

At long last, The Carson Investment Research team is proud to officially release our 2023 Market and Economic Outlook, aptly titled Outlook ’23: The Edge of Normal. You can download the whitepaper here. As you are all painfully aware, 2022 wasn’t pretty for investors – it was the first year …

What Documents You Should Provide to Your Tax Preparer

Mike Valenti, CPA, CFP®, Director of Tax Planning Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” The short answer to that question is often, “ …

10 Tax Planning Tips That Could Reduce Your Taxes

There’s more to tax planning than you think. Do you understand how each of your accounts are taxed? How did you set up your retirement plan? Have you considered an HSA? Take control of your taxes and how they fit into the big picture. Check out these income tax planning tips. Click here to …
1 2 3 106 107 108

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation