I believe that just about everyone has some sort of financially related To Do item sitting on their To Do list. And they have every intention of taking care of it. However, so many other more time critical things seem to keep the financial items from getting to the top spot of the list.
If you are going to resolve to get some of your financial To Dos To Done, what actually matters - how it got done or that it got done? I will come back to that thought in a minute.
When people come to see me they have accumulated a list of tasks, and it is so easy to see how that happens in our busy lives.
You take a new job – a nice jump up the career ladder. Something needs to be done with that old 401(k). But what? You’re busy with the new job right now. So you put it on The To Do List.
Your income is higher now with the new job, should you have more life insurance? Or is the life insurance at work enough? You did buy some whole life from that guy that came to the house when you first got married. Is that still the right policy for you or not? So you put that on The To Do List.
Your kids are getting older, and you haven’t saved as much as you had intended for college. How much can you afford to put away for their college vs. how much should you be saving for our own retirement? Well, the kids are in middle school, you have a couple more years, so you put it on The To Do List.
At work they keep changing your investment choices and you don’t know what to pick. You don’t have the tools to see all of your investments together and create a diversified portfolio that incorporates all of your accounts, but you know that you need to do it one day. But you don’t have the time right now. So you put that on The To Do List.
Sometimes when potential clients meet with me in the free Get Acquainted meeting they tell me that they feel bad about not taking care of these things themselves. I stress to them, that I do not want them to feel that way. I tell them that when I have electrical problems at the house, I call an electrician. And when I have serious plumbing problems I call a plumber. I have had a handy man come to the house a few times to work though lists of little things that were annoyances. Sometimes you call in a professional to help you with your list. And it feels great to work on that list.
So if you are making a resolution to get your financial To Do items To Done, make a plan to either do them yourself, or to contact a professional to help you do them. Because when you mark them off the list, what actually matters – how it got done, or that it got done?
Resolve to take action today!
Have a Wonderful New Year!