Valuable Assets

You know as Financial Advisors we do a lot of reading, obviously to stay up on the economic times, market trends and so much more with that. But also it’s interesting to kind of just look at all the other things that are happening out there in the world, specifically relating to a lot of what our clients are dealing with. You know here at Centennial Wealth Advisory, obviously as you know we focus on retirement planning, whether that is for those that are nearing retirement or already in retirement. And so I came across this article that I thought I would share with you today from Kiplinger’s. And it talked about seven surprisingly valuable assets to hold in retirement. And I found it interesting and I saw the word asset and so I’m assuming this article is going to be about you know stocks or real estate or something like that. And it wasn’t. It was more about I guess personal wellbeing and stuff like that. So let me kind of walk through this because I thought it was really interesting and hopefully you find it as well. You know the first valuable thing they talked about was your health, right? Maintain or try to stay healthy, work to stay healthy. You know what good is money, if we don’t have our health, right? You know so much of our life we spend you know going to work, trying to raise a family and putting in all this time and stuff like that. And oftentimes our bodies or our health takes a backseat to that. You know as we can’t allow that to happen especially in retirement as we’re aging and stuff like that. So make sure that you’re putting your health as a priority in doing those sort of things. Social connections, you know the old saying “Birds of a feather, flock together,” right? You know having those friendships and relationships that are meaningful and that you can share ideas and connect with and share stories from the past and the present. You know maybe enjoy hobbies together. All that sort of stuff. There’s so many studies done out there about how those social connections are so great for our mental health and so much more. Finding a sense of purpose. You know oftentimes in retirement sometimes I hear people say, I’m just so happy, I’m going to rest and I’m just going to take it easy. Well yeah, you want to do some of that, right? But I’m sure that retirement might be 20-30 years, so you want to have a valuable purpose. You know maybe that’s volunteer, philanthropic sort of stuff. Maybe it’s working part-time at some job or business that you always thought you’d enjoy or being meaningful and helping other people and using those experiences you’ve gained over your life. Helping a family business. Helping grandkids, stuff like that. Finding that purpose that you have in life. Never stop learning. You know one of the greatest things here at Centennial Wealth that we enjoy doing is we put on client events. One of them being quarterly market update luncheons for our clients. They come in and we educate them and we give them a lot of the economic things going on, some of the factors we’re looking at. And then a lot of times going into other things whether it’s estate planning, tax planning, healthcare, continuing to educate. And it’s so great to see so many people come out for those events to continue that education. And finally, not finally, sorry. Another one optimism. Be optimistic. You know it’s proven when you’re more optimistic, your mental health is better and it tends to be kind of contagious, right? If you’re around optimistic people, you may start to become optimistic and vice versa. So make sure you’re looking at that glass as always half-full and such like that. Practice mindful gratitude. You know say thank you for a lot of those things. We’ve been blessed in so many ways. You’ve worked hard for this and you’ve earned it. But have gratitude and be thankful for all those things and practice that and you’ll find that there’s a lot of purpose in that as well. And finally probably the one I kind of chuckled a little bit at the end and some of you may disagree with this and I’m sure some of you will definitely say yes, have a pet. For mental health and you know cognition sort of stuff, you know walking your dog, all that sort of stuff. So having that pet forces you to get out and be active. So hopefully you found this valuable today. A little bit different than our normal financial assets, but stay tuned for so much more here on Retiring Well.