What 2020 Taught Us About Ourselves & Finances
By JW Rayhons
What’s most important in life? Did you ask yourself this question in 2020? Perhaps a few things that rose to the top of the list are: family & friends, health, being thankful, time, freedom. 2020 was a year full of questions.
In 2007, a successful entrepreneur sold his company for multi-millions. He had worked hard, sacrificed, weathered professional & personal challenges, and experienced great successes. His work positively impacted millions of people all over the world. In 2008 the ‘Great Recession’ hit and by 2010 most of his financial fortune was gone. But, he continued to work using the incredible talents he’d been given. In 2016 his health started to fail, yet, he continued to work and show up for people; making a positive impact. In 2019 (at 86 years-old), shortly before he went to see his creator, he showed me a big binder full of printed emails, cards, and hand written letters from people who said their lives would not have been the same if it weren’t for him and his work.
What’s important about money to you?
Not, “why is money important?” But, “what is important about money to you?” We’ve been asking people this question for years. The first response is commonly: security, to provide for my family, so we don’t have to worry. When we go further than the first response and ask, “what’s important about (security, providing, not worrying) to you?” Then, we start to see what’s more important than money. We start to see what people want the money to provide: freedom; family experiences; doing what they were created to do; giving their great-grandkids stories they will tell their kids & grandkids.
Start the discussion..
What’s really most important to you? And, how are you living that out?.... How are you going to achieve ‘that’ in your life (no matter what pandemic or social injustice or government decisions try to get in your way)? Spark up a conversation with your loved ones and ask them these questions too. When we start asking ourselves and loved ones these questions it provides clarity on how to live out what is most important to us in life.
Did 2020 bring more hurt or more blessing? I guess that is still yet to be determined, but the answer will probably rest on how each of us individually choose to respond to all that took place.
There’s more to life than money! The Rayhons Financial family is a team of professionals that want to help you. Connect with us for a conversation, call us at (480) 507-2425 or contact us online. We’d love to meet you.
The content in this article was prepared by the article’s author. Voya Financial Advisors, Inc. does not endorse its content, and the views expressed may not necessarily reflect those held by Voya Financial Advisors, Inc.