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Who Did You Vote For?

Hi there! Just a few weeks ago we held nationwide elections here in the US. And there are still more
Who Did You Vote For?
By Russ Thornton • Issue #3 • View online
Hi there!
Just a few weeks ago we held nationwide elections here in the US.
And there are still more elections ahead with early voting for the Georgia runoffs starting earlier this week on Monday.
But there is another, much more important election and I’m curious who you voted for?
More below. 👇
Thanks, as always, for reading…

Who Gets Your Vote?
Every day, likely multiple times a day, you’re casting a vote.
And the candidates are your present self, your future self, and others.
You cast votes for these candidates based on how you spend your time ⌚, your money 💰, and your attention 👀.
Naturally, the winning candidate often relies on the circumstances surrounding the “election.”
And while some people would tell you to always cast your vote for your future self as you plan for a more confident and comfortable retirement, I’m not one of those people.
Sure, you need to be prepared for the future. And you need to “vote” accordingly.
But - and this is important - you also need to enjoy your life today and each day along your life’s journey.
It’s not an either/or. You don’t have to choose one at the exclusion of the other.
You can do both.
Unfortunately, I sometimes encounter women who are sacrificing both their present and future selves for others. And there’s certainly a time for prioritizing others if you’re helping and/or caring for your child, a parent, or other friend or family member.
Just be sure that it doesn’t derail your own financial planning and security. Know where you can help, and where you need to draw the line.
Or, as I said in this article from a few years back, be sure to put the oxygen mask on yourself first before you help others. Yes, just like the flight attendant demonstrates before your plane takes off. ✈️
Regardless of who you cast your “financial vote” for yesterday or the day before, you cast votes every day and will continue to do so for the rest of your life.
Who will get your vote(s)?
Just something to think about…
The Real Definition of Fear
I’ve written a lot about risk over the years. And I continue to discuss it regularly with clients in all its different shapes and forms.
And of course, risk is really just another word for fear.
Fear of running out of money. Fear of having to go back to work. Fear of…
I thought the following was brilliant. I can say “brilliant” in this case because the image below comes from a UK financial advisor.
What other forms of fear are showing up in your planning and decision making, financial or otherwise?
It's Invisible
I’ve often referenced the writing of Morgan Housel in this newsletter and on my blog. He’s a gifted writer and always does a masterful job of telling stories to illustrate often subtle, but important financial concepts and lessons.
Below is a short clip (2:24) of a video where he talks about how real wealth is invisible.
Morgan Housel: Real wealth is invisible
Morgan Housel: Real wealth is invisible
I think it’s worth a couple minutes of your time.
Watch it then hit reply and let me know what you think…
Thanks for reading. I hope you have a great day, and if there’s anything I can do for you, please hit reply and let me know.
Until next Wednesday,
Russ

P.S. - For the 2nd year in a row, I was named one of Investopedia’s Top 100 Financial Advisors for 2020. My feelings on the matter can be watched here. 📺
Enjoy the rest of your week!

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Russ Thornton

I'm Russ, a financial advisor based in Atlanta, GA. My focus is retirement planning for women (and their families) who are 55+. Every Wednesday, I write an email letter with my thoughts and perspectives on retirement and its many related topics. And I might include some other ideas or interesting topics as well 😉

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Russ Thornton | Atlanta, GA | Disclosures: https://bit.ly/3e5t5UJ