STEWARDSHIP CENTS NEWSLETTER
Did You Know You NEED This?
The start of school is usually a harsh wake up call, at least for my family. Leaving my house for work a few days before the first day was to begin, I thought to myself… “it is time for a routine again”. It seems the flexibility that summer break offers is a “double edged sword.” Although being out of school is a nice break from the normal school-week-grind for kids (and parents too… no packed lunches or crazy schedules), it also offers little to no structure… or routine. If you are a grandparent reading this, you remember this, right?
Now don’t get me wrong, it is wonderful to not have a schedule some days or for a short period of time, but after a while it can become disruptive. My kids wouldn’t admit it but they were ready for school. They just didn’t know it.
Why We ALL Need Routines
Most adults also don’t realize the need for a routine or process in their lives. Routines are good across the spectrum of our daily lives from eating, working, exercising to what time we go to bed. There are numerous physical health, mental well-being and productivity reasons for any routine we take on. Some routines are rather thoughtless; think brushing your teeth. You can do it half asleep reasonably well. Other routines are specific processes that allow us to focus on important subjects. For example, driving a car has a certain process to drive safely and grocery shopping has a certain process to buy everything you need. Processes that come from routines allow us to think deeply and focus on important tasks. Do you have a process for your finances? Having a routine for your financial plan is vital.
What Is Your Routine?
Do you have a process for a financial plan; saving the correct amount of money in the right places, monitoring your progress to reach your goals and making necessary adjustments to your plans?
Specific processes we use at our firm (our routines) allow us to help you establish life goals, create an actual life financial plan, determine an appropriate investment approach and then regularly monitor results. The routines we utilize help us provide you direction, prevent us from forgetting important planning items, allow us to focus on the big picture of you and your goals, helps reduce the emotional response when markets get volatile and provide an overall discipline to stick with the plan. Our processes even keep us on track to regularly meet face to face with clients. Does your advisor do all these things? Are you walking thru life without a professional and qualified financial advisor?
Let us know how we can help you with your financial life plan.
Luke Fields, CFP®
luke.fields@raymondjames.com
877.854.0936
Any opinions are those of Luke Fields and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice.