12 May The Answer To Living The Life You Want to Live
What kind of life do you want to live and what’s stopping you from getting there? You may want to retire by a certain age, or travel the world, have financial peace of mind, live a better lifestyle, or just spend more time with friends and family. So, what’s stopping you from reaching the lifestyle you want to live? Most often than not there are roadblocks that get in your way of the life you want to live.
In this article, I’ll share with you the typical roadblocks that get in your way and, how to eliminate them so you live the life you want to live.
We’ve spent years with our clients and have seen firsthand the roadblocks that get in their way. After initially meeting with a prospective client, what we quickly discover is that the structure of their investments is completely opposite to the kind of life they want to live. And that disconnect is what’s stopping them from reaching their goals. It’s not their fault that there is a disconnect, they might not know how to fix it, they were busy with work and family or put their faith in a financial advisor that didn’t have their best interest at heart.
Here are some of the more common roadblocks that stop individuals from reaching the life they want to live:
- No Plan: Or sometimes referred to as the “hope plan”. I hope it works out. I hope I can retire. I hope I can buy a second home. I hope I have enough money to live on. This plan is like getting in the car and driving from Chicago to New York without a map or a GPS. This drive should take you about 12 hours but if you don’t have a plan it might take you 24 hours to get there or you may end up in North Carolina. Taking 24 hours to get, or ending up in the wrong State, is akin to wanting to retire at age 65 but working until age 70.
- Hidden and/or High Investment Costs: What are you invested in? How much are you paying in fees? There are nearly a dozen fees that you could be charged in your investments. We’ve experienced firsthand that even an astute investor is not aware of these hidden fees. These fees could be costing you thousands of dollars and are roadblocks to achieving the life you desire. Do you know how much are you paying in investment fees?
- Poor Plan: This one is the scariest of them all and it’s deceiving because you have a plan but the roadblock only appears when there is a problem (a stock market crash, pulling money out of your annuity, etc…). So, even if you are with a reputable financial advisor, who may or may not have your best interest at heart, your financial plan (the structure of your investments) is not properly aligned with the lifestyle you want to live.
To reach the lifestyle that you most desire, you need to identify and eliminate roadblocks that are getting in your way.
The first step in identifying your roadblock is to understand what those roadblocks are. These barriers can be one of, or a combination of, the items we identified above. Once you know what the roadblocks are, then you need to work on eliminating them, so you can reach your goals. After they’ve been eliminated, then and only then, can you pave the path to getting to the life you want to live.
So, what’s stopping you from living the kind of life you want to live? What are your roadblocks? I would love to hear your story.
If your struggling, not satisfied or concerned about reaching or maintaining the life you want to live, please reach out to us and let us help you remove the roadblocks. It doesn’t cost you anything except an hour of your time. Look forward to speaking with you soon.