When you google “things you regret”, there are over 92 million results. That is a lot of discussion on regret. And that is just sad. I love speaking with folks in their 80s. If you ask the right questions, they will share wisdom, often without even knowing it. Their wisdom many times comes from things they wish they had done more of.
Focus on the things you will never regret.
Giving generously. This opens your heart to think of others and share your time, wisdom, skills and resources. It is truly better to give than receive. In terms of money, you can’t take it with you so why not see your favorite charity, church or family be blessed? And I shouldn’t forget to mention; numerous studies show a direct link between good health and generosity.
Pursuing your passion. Do what excites you and makes you jump out of bed in the morning. Often your passion will become something you are good at and likely you will be able to make it a profession. And if you can’t turn it into a job, you can at least purposefully spend time enjoying your passion.
Spending time with those you love. Making memories and experiences will always be with you. This is at the top of the list for most of the elderly. Later in life, you will not wish you worked more. I guarantee this from the many people I have talked to. Slowing down, spending time with your family or taking that special vacation, are happy times etched into your mind and theirs forever.
Investing in Today. This can take on many forms. You will never regret investing in yourself and those you love. Developing a curiosity and love of learning will open doors for you and keep you sharp. A personal example; investing in our kids is important to my wife and me. It is why we have chosen certain activities and Christian schooling for our children. Our goal is that this investment today will begin to shape them into future leaders.
Saving for the future. In order to be able to enjoy these things and do them more often, you have to save.
“Money will not help you find your purpose but it sure will fund it.”
It is so important to have a plan for today and the future, to accomplish the possibilities for your family.
Start now, dream big and have a thoughtful plan.
Have no regrets,
Luke Fields, CFP®