It’s early in the morning, still dark outside and your alarm sounds. At this point, it would be so easy to hit the snooze button and roll back over. It feels like you just went to bed. You think to yourself how much you could use a few more minutes of sleep. Instead, you decide to rise and shine and get moving. Within a few minutes, you’re into your exercise routine.
This scenario could also happen at the end of your workday. It’s five o’clock, been a long day and you’re ready to go home and take a load off. Instead, you decide to change your clothes and head to yoga, the gym or get outside to ride your bike, walk the beach or around your neighborhood.
After completing either of the above, the endorphins have kicked in and you feel great! You have renewed clarity and are experiencing a tremendous energy boost.
We exercise for many reasons with the expectation to not only feel good now, but also in the future. Whether it’s with our exercise routine or our financial well-being, preparation matters.
Exercise’s greatest benefits come from the intentional stress we place on our muscles. When a health event arises, our bodies are in better condition to respond.
The same can be said about our financial well-being. We use time-tested, financial planning principles such as having a plan, a long-term outlook, an Emergency Fund, becoming debt free and keeping our arms around our spending to weather unforeseen events and economic downturns.
Being financially and physically fit have been extremely important recently as the world lives with COVID-19. We can’t recall a time on record where the two have been more connected.
We encourage you to keep an exercise routine to remain healthy. If you have not found your exercise groove, reach out to your doctor and let a medical professional design a plan to meet your goals and objectives.
From a financial planning and investment management standpoint, we have found over time that about 90% of our success comes from having a plan, our ownership of stocks vs. bonds and staying calm.
We’ve also been thinking a lot lately about our Retirement Rules of the Road and Navigating the Ups and Downs of Investment Management. These are a few simple, though not easy, steps to continue to prepare ourselves for today and the future.
If you have any questions about your financial fitness, we’re here to help. It’s our life’s work and we love it!
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Financial planning services offered through LPL Financial, a registered investment advisor