Return on Life- What Is It & Why Does It Matter?
If you’re like most people, you worry about saving up a specific amount of money for retirement or earning a specific return of investment, or ROI, on your assets. Ultimately, how much money you have isn’t nearly as important as what you do with it. Our Return on Life philosophy shifts the focus of your financial life from numbers to meaning.
You still need money to do things. But just money by itself isn’t useful. Money is a tool. If you want to win at life or achieve the best Return on Life, it’s time to step back and approach your finances from that angle. Our financial advisors are trained to help you improve your life through financial management.
How Does Your Money Improve Your Life?
If you’re used to traditional financial advisors, it may be difficult to think about how your money improves your life. You might save and invest for the future, but it’s always with a hint of panic and fear. How long will the money last? When do I have enough money? Are my investments earning enough?
Investing isn’t without risk. But when you manage your money, we want you to think about how it can improve your life. Money helps in concrete ways. Maybe you’re saving up to start your own business. Maybe you’re investing money to send your child to college. Or maybe you’re investing to achieve financial freedom and quit the 9 to 5 job.
Your Financial Progress Is Personal
It’s easy to get caught up in comparisons. Your neighbor has a bigger house, a nicer car, a higher paying job, and a fat retirement account. In comparison, you don’t feel prosperous. These comparisons don’t help, because they don’t change your situation or how money can create more meaning in your life.
The only comparison you need to make is the one with your past and future self. Your financial progress is personal to you. We want to help you improve your finances from where you are today to allow you to follow your meaning.
Use Your Means to Provide Meaning
Since money is a tool, Return on Life is all about finding meaning in your financial future. A retirement account with x amount of dollars doesn’t translate to meaning, but the ability to travel the world when you retire does. We help you use your means to bridge the gap to the things you find meaningful in life. Proactive planning under the Return on Life philosophy is all about creating the life you want.
How Can I Maximize My Return on Investments?Our financial professionals consider your income, expenses, and investment objectives for your retirement planning and other financial goals. There are different ways to help maximize your returns on investments, including employing a diversification strategy, engaging in tax planning, and working with our financial professionals to steer you toward the best assets for your portfolio.
What Is a Good Rate of Return on Life?A good investment return outpaces inflation and allows you to grow your wealth. Your money should work for you and help you do the things you find most meaningful. Your life’s meaning is deeply personal to you, and so are your means. Therefore, we can’t generalize what a good rate of Return on Life would look like for you without knowing more about you. Please call us for personalized advice.
Can You Reposition Your Value from ROI to Return on Life?It can take some adjusting, but you can definitely think about your money in terms of Return on Life versus ROI. When you think about your investments and their ROI, does it fill you with joy about life? Or are these just numbers you appreciate in a detached way? We want to talk to you about how changing your value to Return on Life can help you transform your relationship with money and retirement planning.
Investments in securities do not offer a fix rate of return. Principal, yield and/or share price will fluctuate with changes in market conditions and, when sold or redeemed, you may receive more or less than originally invested. No system or financial planning strategy can guarantee future results.
If you’ve never evaluated your finances under the Return on Life perspective, we think it’s time you try it. Let’s work together to create a financial plan that gives you the Return on Life you’ve always wanted. Call us to schedule an appointment.