tinuously save more and spend less. And to check our progress on this we check out our credit card statements and review our sav- ings and investment accounts not only for how they are at specific points in time, but how they have trended over time. After 16 years of marriage, we still experience great joy when our savings and investment ac- count balances are up and relief when our expenses are generally as expected when no major life surprises hit.
Make Adjustments Along the Way In order to lose weight and keep it off, I
have had to continuously adjust my actions. I eat different foods in light of my dynamic metabolism and as my metabolism changes with my age. When my weight loss goal was to be a physically fit, active, and fun- loving woman comfortable in my own skin I followed different exercise regimen than what I do today, now that I have achieved that original goal and want a stronger core, greater muscle tone, and increased flexibil- ity and enhanced agility.
In the same way, sustaining financial
wellness is a dynamic process requiring ongoing refinement. As life changed, our financial plan and strategies changed. We adjusted savings, and spending habits to support me leaving a corporate job with global responsibilities and a predictable base salary with bonus potential and starting a second career where my compensation depends on clients valuing the services I offer them, as evidenced through their fee- based payments. And since financial well- ness goes beyond money management and includes debt management and insurance, when interest rates lowered, we refinanced our mortgage. We also regularly review both our beneficiaries on our financial accounts and double check that our wills, powers of attorney, and medical directives continue to be relevant.
Engaging Others for Help
I did not lose weight on my own. I had the support of a loyal husband who was open to buying, preparing, and eating new foods right along with me. At different points in my weight loss journey different specialists offered me expert guidance, from which combination of foods to eat to what vitamins and supplements to take, to what kind of exercise was appropriate given my body type and physical limitations. Effec- tively, I had a team of trained professionals providing me information and advice that I could use in my unique situation to achieve my weight loss dreams.
In the same way, my husband and I
have utilized different resources over time to attain and sustain our financial fitness. Our financial plan changed from goals we’d talk about over Chinese takeout as newlyweds to hand written lists of what we wanted posted on the refrigerator to an Excel file my Engineer husband retained on his computer to now a comprehensive output from sophisticated financial planning software that helps us understand where we are today and helps us make projections around our future. When we determined we no longer wanted to prepare our own taxes, we engaged a CPA who had been referred to us by someone we trusted. As we built up our savings and began investing more, we began working with a financial advisor who was recommended to us by someone we trusted. And as the financial industry changed and our own needs changed, we ultimately decided to have me as a Certi- fied Financial PlannerTM
and Private Wealth
Advisor manage our financial plan and investments with the team of professionals I both work with and trust.
Physical and Financial Fitness While we could go on further about
the parallels between losing weight and financial fitness, I hope that a few key points are clear. Similar to losing weight, when it comes to your finances you have the capac- ity to envision and realize the future you dream. No matter where you are today on your journey, when you allow yourself the freedom to create, own, and continuously adjust your savings, spending and invest- ment behaviors in light of life’s circumstanc- es, you can experience financial wellness and financial fitness.
Caroline Wetzel is one of Natural Nutmeg’s 10Best Winners for Business/Life Coach. Caroline is a Certified Financial PlannerTM
Centers For Dental Medicine Saving Lives One Smile at a Time
: (CFP®) and Vice President, Private Wealth
Advisor with Procyon Private Wealth Part- ners, LLC. Procyon Private Wealth Partners, LLC and Procyon Institutional Partners, LLC (collectively "Procyon Partners") are registered investment advisors with the U.S. Securities and Exchange Commis- sion (“SEC”). This article is provided for informational purposes only and for the intended recipient[s] only. This article may also include opinions and forward-looking statements which may not come to pass. Information is at a point in time and subject to change. Procyon Partners does not pro- vide tax or legal advice. See ad on page 17.
Why Dr Steven Hinchey? Both he and his staff
Listen to YOU - Non judgmental assessments - Respect for you and your time
Are concerned about YOU - Mercury free dental treatment - Mercury safe dental conditions - Mercury removal and detoxification - Biocompatible dental materials - Minimally invasive procedures - Implant tooth replacement - Same day non metal crowns
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We want to help YOU get healthy - Financial Flexibility
Steven F Hinchey DMD 860-633-6518
,
www.dochincheydmd.com
www.NaturalNutmeg.com 29
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