Campbell Wealth Management - October 2022

Technology Improvements to Help the Environment

Creating a More Sustainable Future

Would you like to be a Campbell Wealth Management Ambassador? Would you like access to exclusive events? Over the past year or two, many publications have challenged the idea that new technological advancements are helping us create a more sustainable future. Some of the most common examples cited are the disposal of electric vehicle batteries and the production of smartphones. How green are these technologies if they create new hazardous waste streams or increase fossil fuel use to generate electricity? Most of today’s electric vehicles use lithium-ion batteries, which are only recycled 5% of the time, even as automakers are trying to find second lives for their batteries. In a similar vein, smartphones are rarely recycled, and their production can be incredibly harmful to the environment. Some manufacturers, including Apple, have been introducing more environmentally friendly methods to create their devices. Companies across various industries have become more environmentally conscious. While there are some outliers that reflect negatively on sustainable technological advancements, most organizations are working hard to make a positive difference.

Smart technology has allowed us to improve the efficiency of certain products, such as lightbulbs and HVAC systems. We can use this technology on our devices to control lights within our homes, set a thermostat temperature, and more. We can even set timers to control when things are turned on or off. This helps us control our carbon footprint. Through reporting functions, these companies can make adjustments and improvements to devices without ever setting foot in our homes. When used correctly, technology can play a huge role in procuring a sustainable future for everyone — by increasing productivity and efficiency while also reducing product waste and the use of harmful chemicals. Now that companies are putting a greater focus on sustainable technology, you will begin to see improvements throughout society. It might not be immediate and there may be hiccups along the way, but with continued efforts, we can have a more sustainable future.

4th Annual Life Beyond Numbers Expo Oct. 21 from 10:00 a.m.–2:00 p.m. George Washington Masonic Memorial To register, email us at Seminars@campbellwealth.com! Bring a friend to this informative and fun event!

All you have to do is refer a friend. Do you know someone who: • Wants to be better prepared for retirement?

• Is looking for a second opinion regarding their portfolio? • Has gone through a major life event (death of a spouse, retirement, etc.)? Call us at ( 703) 535-5300 and let’s set up an introduction! If they are important to you, they are important to us.

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