Begin, Adjust, & Begin Again – Finger Financial Five #27

“The remedy of time is patience.” – Arabian Proverb

My first 5k in a LONG TIME was this past Thanksgiving.  I enjoyed it.  I decided I would start back running and training like I used to.  Went from running 10 minutes to over 2 hours, very quickly.  Too quickly.  I pulled a hamstring.  I wanted too much too fast and rushed it.

I had to rest, reset, and begin again.  I needed to adjust my expectations.  Be realistic. Prepare properly.  Slow and steady wins the race, right??

Had an interview with Kiplinger’s Magazine this week.  She was writing an article on retirement planning timeline.  When do you start planning for retirement?……..your first paycheck. You can’t cram a lifetime of savings into a few years, just like you can’t cram years of fitness training into a couple months.

What do you do if you did not start with your first paycheck? Or even your most recent paycheck?? You do what you can.  Just one step in the right direction.  Oh, remember to adjust your expectations too.  Progress, not perfection.

What does that look like financially?

Let’s say you are saving 20% of your income, but it’s killing you. You feel miserable. Maybe start with saving 10% and give yourself some breathing room to get comfortable at that level of savings.  Then go up to 15%.  Or you are saving nothing, so maybe start with 5-10%.

Don’t pull a financial hamstring.  Do what you can, let the rest go, and adjust your expectations.

The reverse is also true.  If you have been saving all along, maybe you can stretch your legs a bit.  Allow yourself to lean into the things you want to do but were afraid to do.  Maybe take a job you want verses need, go part time with work, volunteer at the animal shelter, or help a loved one.

Always feel free to reach out if you have any questions. Click here to setup a phone appointment.   

On the lighter side, went offshore fishing in the Gulf Stream with a good friend of mine on Saturday.  We caught 6 blackfin Tuna and 1 yellowfin Tuna.  Beautiful day.  Good people. Long time ago, when I was much younger, I would gauge the success of the trip on how many fish we got.  Now, catching fish is a bonus to an already wonderful experience.  Adjusted expectations as they say…

Hope all is well with you and your family,


Investment advice offered through Stratos Wealth Advisors, LLC, a registered investment advisor; DBA Riverbend Wealth Management.

This content is developed from sources believed to be providing accurate information and provided by Riverbend Wealth Management. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Stratos Wealth Partners and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.


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