STEWARDSHIP CENTS NEWSLETTER
A simple question yet difficult to answer. Real Wealth is about more than dollars and cents. Yes, the size of your account and overall net worth are important; these are important measures. But wealth can be measured in many other ways and looks very different from one person to the next. To one person wealth is all about their pocket book size; to another wealth is possibly having a clean bill of health. For others, wealth is about giving away as much as possible or using the time their wealth has created as an opportunity to do what they really want to do… what can be considered financial freedom. Only you (and your spouse if married) can answer this. Ultimately, you will use and spend your money on what you believe is important, those things you truly value.
Whatever “wealth” may mean to you, it comes from what you value. So the real question is “what do you value?”
The challenge that I have for me and I have for you is to ask the following three questions:
What do I Value?
What is most important to me?
How does this change my life and goals?
Like I said, defining Real Wealth is about more than dollars and cents. It is a difficult question but well worth the effort to answer it! Between people, no answer is exactly the same or is there one correct answer. My firm, Foley and Foley Wealth Strategies strives to help our clients answer this.
I would love to hear your thoughts on this! Please send your comments to me at luke.fields@raymondjames.com. Hope you discover what real wealth means to you.
Luke Fields, CFP®
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.