Patriot Wealth - November 2018

AN ATTITUDE OF GRATITUDE SHOULD LAST BEYOND THANKSGIVING

Taking the time to acknowledge who and what you’re grateful for is a Thanksgiving tradition far more important than turkey or football. It’s the cornerstone of the holiday and the reason we feast together in the first place. But when you really think about it, should expressing our gratitude and appreciation for others be limited to one day every year? Of course not! As we get older, it’s easy to succumb to negativity and pessimism — “Kids these days,” “The world isn’t what it used to be,” etc. The crabby grandparent and angry old neighbor are archetypal depictions of later life. But these fictions don’t have to be your reality. Recognizing and acknowledging gratitude will help you WHY GRATITUDE MATTERS It’s not often that Shakespeare’s words and business terms intersect, but the famous lines, “What is in a name? That which we call a rose by any other name would smell as sweet,” prompt a question that’s gaining traction in the world today: What’s in a job title? Sometimes they are basic and describe precisely what a person does. “Teacher,” for example, is self-explanatory; they educate. In other cases, job titles are cleverly convoluted. “Wizard of lightbulb moments” is certainly a fun title, but what does the person actually do? Where the real conundrum resides is when a job title doesn’t convey the full responsibilities of the position. The position title “wealth manager,” or any variation of it, is a perfect example. Just because the title implies that the There’s an ever-present fault line developing in job descriptions.

take stock of the positive aspects of your life and dwell less on unhappy thoughts.

gratitude journal. This activity is a great way to start seeing the world with a more positive, appreciative eye. As often as you can, take a few minutes to write down the acts, people, and moments that you’re grateful for. Some will be big, others small — but all will have an impact on your mood and bring a smile to your face. Before you know it, you’ll have an entire book full of good memories and warm feelings. While keeping a journal is great, there are other ways to go about cultivating and expressing gratitude. The easiest one is simply to say “Thanks” whenever you can. It may seem insignificant, but you’d be surprised what a difference it makes. When you approach the world with the perspective that every day is Thanksgiving, it’s only natural to be grateful. as important as growing your wealth. An asset manager ensures your holdings are tax-efficient and simplified so that a succession plan can be easily executed. CHARITABLE GIVING. Donating to causes you are passionate about is important for many people. For example, we love the Triangle Hockey Association mentioned in last month’s cover. Both personally and professionally, we plan for the event on Nov. 16 so we can assist in something that matters to us. These four role descriptions are just the beginning, but they demonstrate why the multifaceted role of a good money manager is so important. Reach out to our offices today to learn how we do this for your portfolio.

Being grateful has also been linked to significant health benefits. According to gratitude expert and author Dr. Robert A. Emmons, “Preliminary findings suggest that those who regularly practice grateful thinking do reap emotional, physical, and interpersonal benefits. Adults who keep gratitude journals on a regular basis exercise more regularly, report fewer illness symptoms, feel better about their lives as a whole, and are more optimistic about the future.”

HOW TO PRACTICE GRATITUDE

In the above quotation from Dr. Emmons, he mentions the practice of keeping a

WHAT SHAKESPEARE CAN TEACH YOU ABOUT MONEY MANAGEMENT

person manages your money doesn’t mean that’s always what they are doing. Overseeing someone’s financial future requires hundreds of organizational aspects. Here are just four of them. WEALTH ENHANCEMENT. Asset growth is imperative to long-term financial success. To combat inflation, money managers must mitigate losses through taxes and strategize how to achieve consistent investment returns. WEALTH PROTECTION. Life has a way of presenting challenges that can unexpectedly hit your portfolio. Market swings, divorce, death, or other life changes can subject your earnings to volatile losses if there is no strategy to combat them. WEALTH TRANSFER. Most investors aren’t building wealth just for their own future. Passing on an inheritance is just

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