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Are We There Yet?
When you ride your bike up a mountain (Mt.
Greylock here), the best views often come shortly before you
reach the top. There are several reasons for that:
1)
Obviously, you are up high, plus there are fewer trees, so the view
is panoramic and unobstructed. 2) You're going slow, so you can
look around without worrying about crashing. 3) You're pretty
confident you're going to make it, so your mind is free to focus on
the present instead of worrying over outcomes.
Recent
conversations with clients suggest there is an analogy to be made to
our collective journey back to an economy that is "better than
worse." (See hilarious, but oddly insightful, Bidenism below.) It
seems that, after what has been a very long, very steep climb,
subtle signs of recovery have been enough to allow people to set
aside some of their their fear and begin looking down the road a
bit.
Good news for sure, but before we crest the hill and
start careening down the other side without even taking in the
vista, I'd like to use this newsletter as an opportunity to pause
for a deep breath, take stock of where we are, and be sure we have
on board the important lessons from this experience.
Enjoy
the view! Sherrill
| Wealth of Words: Marvelous misspeak |
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Less good is not good, but less good is better than
worse... When I say less good, I mean less bad. --
Vice President Joe Biden
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| Article: "Recession Lesson Plan: A Kick in the
Backslide" |
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You can feel it in the air. Long-awaited change is afoot.
In the Northeast, the summer that almost wasn't has finally
arrived with a vengeance, just in time for "back to school."
And, although lagging job growth continues to inflict pain
(perhaps more than in recessions past), the recession that
wouldn't end is finally showing signs of abating. And with it,
a shift in national attitude that has been bubbling beneath
the surface has begun to emerge. A couple I met with last week
said it beautifully:
"We're not saying we're glad the
recession happened, but the truth is, it was a timely wake-up
call." In other words, enough of the grieving over what's been
lost and what never should have been and whose fault it was.
It's time to accept what is, acknowledge whatever role each of
us might have played, and, with the newfound wisdom gained
through surviving this crisis, take action to improve from
here.
But take care! In parallel to this positive
shift are hints of backsliding to the old ways that got us
into this mess. So I propose we kick off the school year with
a plan for capturing the painful but important lessons the
recession taught us.
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| Free Webinar Fri, 8/21, @1:00 - Financial Planning
Post-Pink Slip |
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Job security: a thing of the past? Maybe, but financial
security doesn't have to be. In this webinar, we'll look at
why the simple personal finance rules of thumb that used to
work no longer make sense for a lot of people. Then we'll run
through several post-pink slip scenarios, highlighting
financial planning strategies that enable families to survive
-- and even thrive -- in these difficult times, as well as
better weather future financial storms.
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Got goals? |
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Get on track to achieve them! I'm Sherrill St. Germain,
MBA, CFP®, founder of New Means Financial Planning, and I'd
love to help. Contact us today!
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Wealth
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