“Why would I use a dollar to avoid interest on a decreasing balance over time rather than use a dollar to gain interest on a growing balance over time?”
If you are intentional, you can strengthen your empathy just like a muscle. And, if you are strategic, you can give charitably in ways that make a profound impact in the world without growing numb or cynical to the overwhelming number of requests.
Trust is crucial. And believe it or not, financial planning has a lot to do with trust. No, not trust in your financial planner, but in yourself.
As financial planners, we help clients think through the financial requirements needed for the life they want to live. But it’s one thing to have enough cash on hand to pay for the things we want, and another to calculate the full scope of our decisions.
What would you do with your life if you were to retire in your mid-40’s or 50’s from practicing medicine and pursue something else?