Redefining Wealth: New Year's Resolutions for Intentional Living
Redefining Wealth: New Year's Resolutions for Intentional Living
Another year, another round of New Year's resolutions. We get it – the usual advice about budgeting and saving is fine for some, but if you're building something bigger, you need a bigger picture. At BetterWealth, we believe wealth is about intentional living, not just a number. It's about aligning your finances with your values and creating a life you love. So, if you’re a high-net-worth individual or business owner looking for more than just a bigger balance sheet, these resolutions are for you.
Take Stock (of What Matters)
Start the year by taking a holistic look at your finances. It's not just about the dollars; it's about what those dollars enable you to do. Consider working with a financial advisor to assess your assets, liabilities, and investments and discuss your goals – what kind of life do you want to create? Explore how to optimize your financial strategies to get you there.
And yes, let's talk about life insurance. It's not just about death benefits; it's about protecting your loved ones and ensuring your legacy. Ensure your policies perform as they should and fit seamlessly into your overall plan.
Diversify (Your Life, Too)
Diversification isn't just for investments; it's for life. Make sure your financial strategy aligns with your values and priorities. Are you spending time on what truly matters? Consider how a financial roadmap can support your vision for an intentional life.
And speaking of investments, let's talk about your portfolio. Ensure it's diversified and aligned with your risk tolerance and long-term goals. Life insurance can be a valuable part of that diversification, offering financial security and potential tax advantages.
Plan Your Legacy (Not Just Your Estate)
Estate planning can feel intimidating, but it's essential. It's about more than just transferring assets; it's about passing on your values and ensuring your loved ones are cared for. Explore wills, trusts, and beneficiary designations, and consider your philanthropic goals, too, because true wealth includes putting $$ where your values are.
Innovative Tax Strategies (So You Keep More of What You Earn)
Nobody wants to pay more taxes than they have to. Develop innovative tax strategies that minimize your exposure to income, capital gains, and estate taxes. With potential changes to tax laws, it's more important than ever to be proactive.
Protect What You've Built (Beyond Insurance)
Insurance is essential, but it's just one piece of the puzzle. Assess all your risks and make sure you have the proper protection in place, whether it's for your business, assets, or family.
Give Back (Because It Matters)
Giving back is a key part of intentional living. Whether you're passionate about a particular cause or want to create a lasting legacy, develop a philanthropic plan that aligns with your values.
Live Intentionally (It Starts Here)
Financial planning is a journey, not a destination. At BetterWealth, we're redefining wealth as intentional living. Let's build the life you want together.
