Keeping up appearances
ROBERT is from the school of old. He was brought up in an era when there were three choices in life for young men: be a doctor, a lawyer, or an engineer. He studied law knowing it would be a stable job with good security. Long, hard hours of study, bar exam, 70-hour work weeks, lots of coffee, and dealing with difficult people were all bumps on his road to success. He worked his way up the ladder and is now a junior partner in a good firm. The days are still long and the stress is ridiculous.
His wife stopped working after their second child was born, so he now shoulders the entire financial burden for his family.
He lives in a nice house in a good neighbourhood. They have a pool and a Jacuzzi he hasn’t been in since last year. They own a time-share condo that they stress about getting to. Health insurance prices go up each year, and his youngest child has asthma and some crazy food allergies – all of which cost money and time and create more challenges around the house. Even with a part-time nanny, there seems to be little sleep, and their last vacation to Maui was more trouble than it was worth. He came back exhausted and dejected.
Robert’s life is filled with stress. Although he has a roof over his head, cars, and plenty of food, deep down, he is worried. He knows he cannot keep up at this pace. He feels like he’s going to fall on his face one day, but he can’t. After all, they all depend on him. He drinks coffee, goes to the gym, takes some multivitamins, and gets an occasional massage, but all the while his mind is filled with the pressures of keeping it all going.
The joy is gone. The stress has tipped the scale, and he is constantly trying to keep his chin up. His dad taught him that “real men” never give up for their family, and never show any weakness. He watches the morning news while eating his cereal with the kids. He feels like an absentee dad who does not really see them growing up, and he mourns this fact.
With all the stuff he is constantly throwing money at, they barely have any savings, and if he stopped working, they would be in real trouble within a few months.
(excerpt from “The Urban Monk” Pedram Shojai, OMD Creator of Well.org)
The story illustrates a modern problem. Can you relate to Robert’s predicament?
There is a better way.
It starts with making active choices.
How much are you a victim of your past financial decisions?
Financial freedom comes from having your assets generate sufficient income to meet your lifestyle needs. The more liquid financial resources and passive income you have, the more options and flexibility at your disposal. Do you have any of this now? Are you actively working towards this?
What is important to you? What kind of future do you want for you and your family?
We would love to help you discover how can you build financial security. Meet with us for a confidential discussion.
Please note, for those we provide ongoing service to, part of our service for lawyers includes a retreat to assist in re-charging energy levels as well as practical tips to better cope with stress.
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Disclaimer: Millennium3 Financial Services Pty Ltd ABN 61 094 529 987 AFSL 244252. The information provided in this document is general information only and does not constitute personal advice. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. You should read the relevant Product Disclosure Statements and seek personal advice from a qualified financial adviser. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out. The views expressed in this publication are solely those of the author; they are not reflective or indicative of Licensee’s position, and are not to be attributed to the Licensee. They cannot be reproduced in any form without the express written consent of the author.
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General advice disclaimer This information (including taxation) is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider a Product Disclosure Statement. The views expressed in this publication are solely those of the author; they are not reflective or indicative of the licensee’s position and are not to be attributed to Millennium3. They cannot be reproduced in any form without the express written consent of the author. Furthermore, the information on this website is for Australian Residents only.