I spent a fantastic week in NYC helping our daughter settle in her new home. What a fun place Lower Manhattan is! Many experts predicted New York's decline. But my time there reminded me how little this city needs to roar back to life and again tempt people in hoards with a promise of the extraordinary feat of living there. Many young professionals are taking advantage of how their personal economy changed and allowed them to work remotely and live where they genuinely want.
I am inspired by this generation coming of age during the pandemic and facing extraordinary uncertainty and stress in their lives. Watching them manage their lives in the face of uncertainty offers excellent insights.
When we're under stress, most of us are inclined to focus on near-term risk and reward. We minimize the impact of what will happen far down the road and instead base our decisions on their more immediate consequences. Making good choices with the long view in mind can be tricky, especially if our established frame of reference is being challenged by change, whether it affects our finances, business, relationships, or the state of the world. Even a slight departure from "normal" can feel huge when things have been a certain way long enough. That's why so many of us feel like our lives have been upended over the last eighteen months. We can put short-term and long-term risks and reward into better balance by holding a positive vision of the future and bringing future benefits more into the present. Explore some perspective on maintaining your financial life plan amid the many – and sometimes tricky – situations that life can throw our way.
This unofficial final weekend of the season, get out of your routine, step up your leisure game, and have a full of joy time.
Dream. Plan. Prosper.