We hope you had an enjoyable, yet restful, Holiday Season and are ready to charge into 2020! We welcome a new decade, and all that comes with a New Year - a fresh start, and a time to review and reset your goals, intentions and action plans. We are calling this new decade, one that brings us Clarity, Confidence and Abundance. We will refer to these concepts throughout the year. We are beginning to roll out our 2020 plans, some are included in this January edition of “Inside Your Wealth”.
Let us know how we can be of service as you take ACTION in your planning for this new decade. Let’s make a bigger impact on the people and causes that we care about deeply!
Let’s talk soon!
Marilyn and Ora
A gradual demographic shift might make homes more affordable in some areas of the country during the 2020s and 2030s. As baby boomers in their sixties and seventies elect to downsize (or “age in place” and eventually leave their homes to their heirs), the supply of existing homes for sale may grow by as much as 12% by 2027. That housing availability may help to increase the ranks of younger homeowners and create more buying opportunities for real estate investors and move-up buyers.
Zillow Research projects that certain Florida housing markets could be the most affected by all this, ranking Tampa, Miami, and Orlando in its top-five metro areas that could potentially see the greatest ownership shift. (The other two cities in the top five are Tucson and Dayton.) Other areas that could be greatly impacted include Palm Springs and the San Francisco Bay Area as well as the Hamptons in New York. This development might also impact residential construction, as a larger inventory of existing homes may soften demand for new housing. Zillow believes that Atlanta, Austin, Dallas, Houston, and Salt Lake City will be the cities least affected by this wave of housing turnover.2
New year, new decade. As 2020 starts, what financial moves could you make today that might improve your retirement prospects or standard of living tomorrow? Consider some of these ideas.
If you did not contribute the maximum to your retirement accounts for 2019, think about ways to boost your yearly contribution toward the maximum; your future self may thank you. Tackle organizing those tax documents now, well before state and federal tax deadlines roll around. Just take 15 to 30 minutes a day for a few days to get the jump on things.
The new year is also a good time to look at your business or household finances; in particular, your cash flow. How is money moving through your company, or your personal economic system, and where is the outgoing money headed? Perhaps there are monthly expenses that could be cut. If you are not already using personal finance software, think about some of the free apps that are available. They may help you stick to your new year’s financial resolutions.1
1 cup red cabbage, shredded
1 large yellow bell pepper
1 large orange bell pepper
1 large red bell pepper
1 English cucumber
10 oz. yellow/red cherry tomatoes
1 medium carrot
5 green onions
½ cup parsley, chopped
2 Tbsp. fresh dill
¼ cup sunflower oil (you can use olive oil or avocado oil)
2 Tbsp. white wine vinegar (red wine vinegar or balsamic vinegar are good replacements)
1 tsp. Kosher salt, to taste
¼ to ½ tsp. freshly ground black pepper, to taste
2 cloves garlic, pressed
Begin by prepping the vegetables. Shred 1 cup of red cabbage, cut the bell peppers, and slice the English cucumber. Cut the vegetables into similar thinness and sizes. Peel and grate 1 medium carrot, halve cherry tomatoes, chop green onions (green part only), and finely chop parsley and dill.
¨ Gently toss the vegetables in a large bowl.
¨ Mix the oil, white wine vinegar, salt, and freshly ground black pepper, then add chopped garlic cloves.
¨ Whisk the dressing until it comes together, then pour over salad (be careful to not overdress).
¨ Refrigerate the salad for about 2 hours to give it time to absorb the dressing.
¨ Serve and enjoy.
Recipe adapted from Olga in the Kitchen5
Pilates – an exercise method created by personal trainers Joseph and Clara Pilates during the 1920s – has many loyal adherents. Pilates focuses on strengthening your core abdominal muscles; in Pilates jargon, they are collectively called the “powerhouse.” It revolves around six principles: breath (the most important), control, centering, concentration, precision, and flow.
Core strength not only benefits the abdomen, but also the back. As Shape notes, a Journal of Orthopedic & Sports Physical Therapy study found that chronic lower-back pain sufferers felt more relief after just four weeks of Pilates versus those in a control group who merely visited a physician and other specialists over the same timeframe. The low-impact workout is easy on the joints (for the record, padding on a Pilates reformer apparatus is about 10 times as thick as a typical yoga mat) and can enhance flexibility. A Brazilian study of young women who had never tried Pilates before showed that after 20 Pilates sessions, their flexibility improved by 19%.
By emphasizing coordination of movement and breathing, Pilates also urges you to focus on the moment, taking your mind off the stresses and tasks of the workweek.3,4
This is a very controversial subject as women have shouldered both “leading” at home and “leading” at the workplace as well. Despite the Feminist Revolution of the 1970s, many women have found balancing work and family or a personal life, very challenging and frustrating. If we recognize upfront that being Super Woman may not be the answer, then we are halfway home.
We have to learn to make choices that best fit our personal dreams and changing life situations. Don't confuse having a career with having a life.
— Hillary Clinton
I’ve learned that you can’t have everything and do everything at the same time.
LIfestyle by Intention
How many of us set goals and have lists of projects, action items that have completion dates and interim steps in our journals, whether on our computers or some other electronic device/system?? Most of us are “trained” to set life goals and keep track of how we are progressing, day to day, month to month and year to year.
But how many of us set INTENTIONS and set goals and truly understand the difference?? Goal setting and project management are “hard science” /action based functions that keep us focused on a future event(s); keep up on plan; to stay on track. Goal setting is very good and we all need that skill, but there may be a nuanced difference, as goals usually mean that we are reaching for something we don’t have, yet. And for some, who may not reach their goals, it can lead us to feeling like failures.
What if we could set our daily/weekly intentions that keep us focused and in the moment, while we are stretching to meet or exceed our goals? What if we can set our daily intentions that will help us reach our goals? Intentions that speak to our purpose, our passions and natural gifts/strengths that can support our action-based goals. It’s a small difference in the way we think and feel about our work and our impact on the world around us. Intentions aren’t to be confused with goals: They are about who you want to be, your values, and what you wish to share with the world around you and how you want to impact the lives of your clients, your neighbors or your family.
Intentions are not measured in the same way as goals. There is no timeframe set, per se. If I set an intention to feel more gratitude in my day and do so daily, that feeling will be pervasive in all that I do. It may give me positive energy that just may make me complete one or more of my daily goals!!
Intentions aren't to be confused with goals: They are about who you want to be, your values, and what you wish to share with the world around you. Intentions can be set to allow us to see beyond our goals that are time based and action based. An intention to continue to learn and grow in a certain field of work, can support you today and five years from now, perhaps helping you move ahead in your business or career in ways that you could not see at the time. My intention to seek more information about the neuroscience of language and decision making has changed my wealth management business in ways that I could not have imagined just 3 years ago! Frankly, I did not know that that specific science could impact my world in the way that it has!
Finally, setting intentions can “soften” the hard driving world around us and yet, keep us focused on reaching out for success, and with that success, will come a feeling of both gratitude and abundance as we have set daily, weekly intentions that speak to our personal passions and purpose and our WHY we want to reach those BIG goals.
Give it a try and see how Intentional Living can impact your Success!