For many years, Wymer Brownlee’s tagline has been to inspire clients to build “true wealth” – one person, one family, one business at a time. The concept of true wealth has little to do with growing financial assets, in fact. At the end of the day, money is simply a means to an end. Financial assets provide time and opportunity, which enable people to do more of what matters, whether that’s traveling with your family, starting a charitable foundation or improving your community.
I’ve noticed the conversation about true wealth is gaining more mainstream traction lately. A recent study by Charles Schwab found that two of the top three definitions of personal wealth don’t deal with finances at all: “living stress free” and “loving relationships with friends and family.” The study goes on to outline the things that make Americans feel wealthy in their day-to-day lives, and it struck me how many of them have more to do with time than money:
- 62 percent said spending time with family
- 55 percent said having time to themselves
- 49 percent said owning a home
- 41 percent said eating out or having meals delivered (which saves you time)
These types of answers have been the norm for most of my clients for years. It’s why financial plans from Wymer Brownlee advisors are built around your core values and why I’m so passionate about what we do. Because the end goal is not the vacation home, the boat or the nicer car; it’s helping my clients pursue their greater purpose. When you view the components of your financial plan through this lens, your investment portfolio, estate and retirement plans, and even life insurance policies are simply tools to help you leave the impact on our world you were made for.
Blog by Aaron Waters, Wealth Advisor.
Category: Financial Service Team