Take A Chance

April 23, 2021

Last week on April 15th we celebrated National Rubber Eraser Day and looked at some common financial mistakes. This week, on April 23rd it is National Take a Chance Day. Taking a chance means you do something without knowing for sure if you will be successful or not. Unfortunately, those chances don’t usually come with takebacks, re-do’s, or erasers. So how can you “take a chance” while feeling safe and confident with your decision? Financial advisors certainly can’t predict your future, but we can help set you up for pursuing success, helping to ensure that erasers will continue to be just another item on the school supply list.

Regardless of what stage of life you’re in, you will be faced with some big decisions. Young adults fresh out of school have the dreamy promise of possibilities held by their future endeavors. For new parents, the worry never seems to end, whether it’s that blotchy rash, your child’s choice of friends, or how to help ensure their future success. New businesses, new homes, and new relationship statuses can all be part of the human experience.

As the saying goes, “all good things must come to an end.” All of those new beginnings and fresh possibilities will inevitably be followed by an ending. While the chances we take when we’re young are exciting and full of possibilities, the payoff can oftentimes be just as fruitful. You can settle comfortably into retirement and look back on the legacy you left behind.

For the risk averse, making big decisions and going out “on a limb” can feel terrifying. Another major financial decision can be not making a decision at all. You could be missing out on investment opportunities by not diversifying your portfolio or overpaying in fees or interest.

Having a financial advisor can help take the guesswork out of the equation. Financial advisors have the resources and skill required to make educated decisions with your assets. Your financial life can be thorough and interconnected. The decisions you make can affect other areas of life that you may not have expected. There is no need to shoot from the hip when creating an investment strategy or tackling debt and future goals. Plus, let’s face it, you have a lot on your plate, do you really want to research investments and options?

It’s common for people to think that they don’t need a financial planner until they’ve accumulated massive amounts of wealth or assets. The truth is, we can help guide you wherever you may be in your journey around the sun. Whatever your next move is, don’t make it without scheduling your complimentary, no obligation consultation to see how we can help you! (605)731-9121.

 

This is meant for educational purposes only.  It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions.  All investing involves risk including the potential for loss.  (04/21)