Broker Check

Live (and shop) with Purpose

| November 28, 2020
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This morning Heather asked “what are you writing about today?”  I replied “a financial therapist and a rabbi!”  I wish I could accurately describe the look on my wife’s face.  I’m not sure if she was waiting for a very bad joke to follow or wondering how much pie I had eaten over the past two days that has affected my brain.  After convincing her it was no joke, she finally said “good luck making that work” and walked off.  Here we go...

First: Live with a purpose.

I came across this line this past week: “…the two things you need to retire well are enough purpose to wake up in the morning and enough money to sleep at night.”  After being in this industry for the past 20 years, I have found this sentiment to be very true.  I’d also add having a purpose isn’t just important in retirement but throughout one’s life as well.

I invite you to a webinar featuring Rabbi Daniel Cohen this Tuesday, December 1st, at 4:00 ET.  Rabbi Cohen’s engaging and captivating style draws on timeless stories and strategies enabling listeners from all walks of life to maximize every moment while leading a life of impact and legacy.  His personal experience as a Rabbi, sharing hundreds of life-affirming moments, combined with his humor and humanity, provide him with a compelling narrative and navigational guide to living life to the fullest.

Register here:

This event is being sponsored by AssetMark an investment platform I use often.  When you register, you’ll be asked your relationship to the firm.  You can answer either “investor” or “other”.

Second: Shop with a purpose.

Once we can begin living our life with purpose how can we avoid blowing up our financial life from now until Christmas? 

Black Friday was yesterday and today is Small Business Saturday.  Personally, I try to make every Saturday my own “Small Business Day”.  Last year I made the financially flawed mistake of giving the girls a dollar amount they can spend in each store we went into.  I failed to explain they did not have to spend ALL of that dollar amount.  Instead of making wise and purposeful choices, they instead ran around the store trying to figure out what else they could find to use up all their money, a financially damaging habit to get into. 

This year I told them they need to create a list of ideas they would like to get for people.  THEN I’d come up with a dollar threshold they can spend.  Ironically, after explaining the Christmas shopping rules this year, I then came across this article that can be helpful for adults and children alike:

Please remember that we are “here” and available for you.  If you have any questions or concerns, financial or otherwise, please do not hesitate to call or email.  If you have friends, family, or neighbors you feel would benefit from a conversation with me, I’m more than happy to have a call or jump on a Zoom meeting with them. 

As always, I hope that you are doing well, and staying safe & healthy!

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