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LIFESTYLE ADVOCACY FAMILY FINANCE LAFF is a publication of DuPont Wealth Solutions and The Law Offices of DuPont and Blumenstiel, blending original and curated content, and is intended to educate the general public about investing, finance, estate planning, personal injury, and small-business issues. It is not intended to be legal or financial advice. Every situation is different. The information in this newsletter may be freely copied and distributed as long as the newsletter is copied in its entirety.
22 SEPT
POSSIBLE RISKS COULD COME OUR WAY
It’s Vital That You Begin Preparing Now
The back-to-school craze is ending since most of our children and grandchildren are again hitting the books in grade school or college. Likewise, I go back to school every year since I am a lifetime learner. Being a lifelong learner stretches and trains your mind to think about topics differently. It helps you develop informed opinions and conclusions about situations. You see the world from various perspectives while constantly thinking and obtaining information. I also enjoy learning because of my March to a Million. I need to stay updated with the latest financial news, history, and trends to serve my clients and positively impact their lives. The latest book I read that gave me a better understanding of what our future could potentially look like is Principles for Dealing With the Changing World Order: Why Nations Succeed and Fail by Ray Dalio. Dalio writes about major empires, including Dutch, British, America,
a fundamental financial change for our country, there is an important question you must ask yourself: Do you want to preserve as much money as possible for your family and future generations? Or do you kiss it all away?
and others. He discusses their successes and failures and how some of these empires collapsed. There are timeless and universal forces behind the changes of power, and Dalio uses these patterns to look into the future while offering advice on how we can prepare for what could lie ahead. As I was reading, I noticed that some of these economic trends that inevitably led to downfalls were predictable. Almost every empire had the same patterns and trends, and all failed in similar ways. Unfortunately, America shares some of these trends, and it’s scary to think about what our future could look like if we continue down this path. It isn’t a stretch to say that we won’t maintain the same level of wealth in this country that we have today. As a result,
“As a result, there is a real risk that we are coming up on an unprecedented confiscation of wealth from the combination of taxation and private enterprise. But not all hope is gone — if you’re prepared.”
Several legal and financial tools exist that you can use to preserve your wealth and minimize the potential risk on the horizon. But you need to act now because time is not on our side. It would take me at least several newsletters to explain the tools and strategies you can use during this time. So, if you’re interested in learning more about how you can prepare for the future, please give me a call. I will happily share strategies with you and develop a plan that works best for you and your family.
As I hit my 57th birthday at the end of this month, it leaves me seven more years to reach my goal of positively impacting one million lives. Helping you prepare for the unexpected, educating you on trends and possible hardships, and ensuring your family is ready are only a few of the many ways I aim to impact your lives. As of today, my team and I have positively impacted over 355,000 people. The March to a Million is still on its way!
there is a real risk that we are coming up on an unprecedented confiscation of wealth from the combination of taxation and private enterprise. But not all hope is gone — if you’re prepared. This is one of the reasons why I’m out on my March to a Million. I want to educate others about what’s happening and create awareness of issues that could arise. I want to positively impact your lives by sharing this knowledge and implementing strategies and solutions to help you preserve your wealth. In light of what could be
Onward and upward.
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How long have you been working at the law firm, and what do you do here? I started working for DuPont & Blumenstiel in 2017 at the front desk. Since then, I have transitioned to working more directly with the attorneys and clients on estate plans. My day usually consists of many meetings with our clients. I help out with all aspects of the estate planning process, from the very first meeting to the signings. I’m also responsible for many back-office duties including HR, accounting, and staff training. What is the most rewarding part of your job? I find it very rewarding to be able to help families every day that are having a hard time. Sometimes people don’t like to come here because they think estate planning is scary. Other times, especially during probate litigation, people come to us after a tragedy has happened in their family. I’m thankful to have the opportunity to support them in whatever situation they might be in. STAFF SPOTLIGHT: JULIA DUPONT, CLIENT EXPERIENCE OFFICER
What would you say to someone hesitant about
creating an estate plan?
I would say: just get it done. A lot of times people are hesitant because they don’t want to think about what happens when they die. But it only takes a couple hours of your time to gain that relief of knowing that you have your documents in place should anything happen to you. It’s one less thing your family has to worry about.
I also want to let our clients know that there are many employers these days that offer legal services as part of your employee benefits. If that is something you have, I recommend that you take advantage of it. You can usually get a whole estate plan done for very low cost to you.
SAVE THE DATE!
Special Webinar Presentation for clients and their friends and family. Learn about the Debt Free for Life Process. A proven process to get out of debt in less time and be able to stay out of debt for life. The webinar is September 22nd at 6:30 p.m.
WE APPRECIATE YOU
WHAT HAVE WE BEEN TALKING ABOUT IN THE PODCAST? YOUR FINANCIAL ADVOCATE with Greg DuPont
We want to use this space to express our gratitude to the following members of the community who have recently left us a review or have referred someone to our care. Thank you!
EPISODE 31: Real Estate Market Opportunities Right Now! With Richard Davis EPISODE 32: Real Estate Market Opportunities Right Now! Part 2 With Richard Davis
Roger Ricker Keith Buschur
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Are You Prepared for This Possible Risk? A Recession Could Happen in the Future
3. DOES THIS CHANGE MY RETIREMENT OR INCOME PLAN?
Most of us remember the Great Recession we experienced in 2008. Many people lost their jobs and homes because of it. Although the United States is currently not in a recession, it is a risk that could happen in the future. You may feel stressed and have concerns about what the future could hold. However, working with a financial advisor is one of the best ways to prepare. Here are three questions you need to ask your financial advisor before a recession. 1. WHAT IS THE STRATEGY? Before you can do anything, you need to have a plan. Work with your advisor and develop a plan on what you need to do with your money. Although problems may arise, there is always room for opportunities. Ask your financial advisor about available opportunities and how to incorporate them into your plan. 2. WHAT DOES THE FUTURE LOOK LIKE? Although no one can predict the future, you still want to discuss the different possibilities that could happen. If there are various avenues you can take while planning, ask your advisor what the possible outcome could be for each strategy. But you don’t want to hear hypothetical answers. Instead, ask what concrete tools your advisor offers to handle a recession. How can they help you preserve your wealth?
Besides implementing a strategy, asking about how this changes the
plan you already have is essential. Even during a recession, you still want to keep your retirement and income goal in mind and continue to pursue it. You might have to adjust your plans, but a good advisor can ensure you stay on course. Your advisor can evaluate various options and see which will give you the best possible outcome and help you boost your savings. If you have any questions about how to better prepare for a recession, contact your friends at DuPont Wealth Solutions. We will be happy to look at your goals and devise a plan that best suits your needs. Although this can be a scary time, we will guide you through the storm and ensure you are taken care of. Please give us a call so we can begin preparing for the future! Want more information on how to weather a recession and how to utilize your advisor if one occurs? Listen to episode 33 of our Your Financial Advocate podcast at YourFinancialAdvocate.BluBrry.net.
SUDOKU
GREEN BEAN AND EGGPLANT STIR-FRY
Inspired by ThePlantBasedWok.com
In just 30 minutes, turn a pile of summer veggies into a Chinese-inspired dish.
INGREDIENTS
2 Chinese eggplants, cut into 1/4- inch strips
1 red chili pepper, thinly sliced
•
• • •
2 tbsp soy sauce
Salt, to taste
1 tbsp vegan stir-fry sauce (like Lee Kum Kee Vegetarian)
• • • • •
3 tbsp vegetable oil, divided 6 oz green beans, trimmed 6 cloves garlic, minced 1/2-inch piece of ginger, thinly sliced
1/8 tsp pepper
•
DIRECTIONS
1. In a large bowl, add the eggplant and coat with salt. Cover the eggplant with water and soak for 15 minutes. Drain and pat dry. 2. In a wok over medium heat, warm 2 tbsp of oil. Add the eggplant and fry for 4–5 minutes. Remove and set aside. 3. Add the remaining oil and green beans to the wok. Fry for 5 minutes, then remove and set aside. 4. Add garlic, ginger, and chili before stir-frying for 1 minute. Return the green beans and eggplant to the wok and add the soy sauce, vegan stir-fry sauce, and pepper. Toss to coat, then serve over rice!
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DuPont Wealth Solutions, LLC 655 Metro Place South, Ste. 440 Dublin, OH 43017
INSIDE
Prepare and Plan Now for a Better Tomorrow PAGE 1 Staff Spotlight: Julia DuPont, Client Experience Officer
Our Podcast Episodes
Client Appreciation PAGE 2 3 Questions You Should Ask Before a Recession
Green Bean and Eggplant Stir-Fry PAGE 3 Places to Visit Similar to Montana PAGE 4
Get Out and Explore Because of the popularity of the Kevin Costner miniseries “Yellowstone,” the state of Montana is seeing an economic boom, both in tourism and real estate, as people flock to explore the
3 VACATION DESTINATIONS SIMILAR TO MONTANA
truly remote and beautiful place to visit and explore.
natural beauty of the state. But with Montana’s increasing popularity, traveling there may not be ideal, especially if you want to avoid crowds. Here are some other destinations that offer similar sights and activities! STANLEY, IDAHO If the mountains are calling your name, then Stanley, Idaho, is the place to go! About three hours northeast of Boise, this gem has three different mountain ranges: the Sawtooth, Lost River, and White Cloud. This trifecta is home to whitewater rafting, hiking, sightseeing, rock climbing, mountain biking, and exploring. While there’s tons to see and experience during the day, the beauty doesn’t stop at night. As Stanley is situated in the Central Idaho Dark Sky Reserve, you’re able to see so much more in the night sky, such as the Milky Way, meteors, and even planets! GRAND TETON NATIONAL PARK, WYOMING In Grand Teton National Park, you’ll find many sights and wildlife similar to those seen on screen in “Yellowstone.” The towering craggy peaks and luscious landscape do not disappoint, and sometimes there is no sign of human development for miles. It’s a
You are sure to encounter some amazing wildlife while hiking or camping — the park is home to more than 60 species of mammals and 300 species of birds.
BIGHORN NATIONAL FOREST, WYOMING Specifically known for being remote, Bighorn National Forest is located in north-central Wyoming and offers over 192,000 acres of open wilderness and 1,200 miles of hiking trails to venture out on. The forest contains many meadows and grasslands surrounded by large, dancing mountains and rolling hills. The best part is that there are many different ways to explore Bighorn National Forest. Fishing, camping, mountain biking, rock climbing, camping, hunting, and horseback riding are just a few of the many ways to experience Wyoming’s beauty. Are you ready to get out and explore these different areas of our nation’s beauty? Check some of these great destinations off your bucket list!
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