A thought on different views of financial situations
Recently a friend in the insurance industry was telling me about an insurance product that had decreasing premiums rather than the increasing ones we have become so familiar with in the term insurance arena. This lead to a discussion about investing and how we are always looking at making money on the upside. Yet, you can actually make more money faster in a down market. That's not to say that we should all run out and start changing our investments, it's just that we have become so accustomed to looking at things from the same box, that we miss oopportunities that are right before our eyes.
MoneyMinding®, as you know, is all about helping people see things from a different perspective: the one that fits their goals, their life priorities, the current situation, their values, and they way they want to live. I get so frustrated at the same old messages of make more money, save more money, cut back, get a better return. This vertical thinking does not allow for creative, individual solutions to very personal financial situations.
The 12 step ecourse might seem like a lot of work, or a long time to wait to get an answer – but, hey, we didn’t get to where we are today overnight – the quick fix is the 360 degree view of the current reality combined with some day to day very practical, very tangible, proven, simple activities to make today's step the one that builds on yesterday’s step, and the previous day's step – that all lead very systematically towards the quick fix we all secretly want.
If you do nothing you’ll still be doing the same things a year from now as you were last year. If you do something maybe at least you’ll know how and when a decreasing insurance premium makes sense and what to look for to take advantage of dropping investment prices.
Copyright© 2006 Tracy Piercy, CFP
Written permission is required for reproduction. Thank you.
MoneyMinding®, as you know, is all about helping people see things from a different perspective: the one that fits their goals, their life priorities, the current situation, their values, and they way they want to live. I get so frustrated at the same old messages of make more money, save more money, cut back, get a better return. This vertical thinking does not allow for creative, individual solutions to very personal financial situations.
The 12 step ecourse might seem like a lot of work, or a long time to wait to get an answer – but, hey, we didn’t get to where we are today overnight – the quick fix is the 360 degree view of the current reality combined with some day to day very practical, very tangible, proven, simple activities to make today's step the one that builds on yesterday’s step, and the previous day's step – that all lead very systematically towards the quick fix we all secretly want.
If you do nothing you’ll still be doing the same things a year from now as you were last year. If you do something maybe at least you’ll know how and when a decreasing insurance premium makes sense and what to look for to take advantage of dropping investment prices.
Copyright© 2006 Tracy Piercy, CFP
Written permission is required for reproduction. Thank you.
posted by Tracy Piercy at 10:13 AM
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