Don’t Aim, Just Throw
Overcoming adversity is a difficult lesson to learn, and whether we like it or not, adversity is a part of life. Controlling your emotions in high-pressure situations is a paramount skill set as an adult and one we all get pretty good at with the curveballs that life throws at us.
Aiming and Throwing with Money
The issue was that they needed a new car and potentially a new air conditioning unit. As we spoke, I could tell they were close to panic and were blaming themselves for not seeing these things coming. Don’t aim; just throw! Things break, and expenses happen, but they were ready to scrap the whole thing and give up because everything wasn’t going exactly as planned. They were blaming themselves irrationally for something that was out of their control and something that we had ALSO planned for. We call it an emergency fund because it is to be used in an emergency. The income replacement fund we set up, which they contributed, would still replace the income for the sabbatical.
For many of the families I serve, I appreciate and understand their feelings because I am going through the same emotions as them. After all, we are in the same phases of our lives. I must remind myself to stop trying to aim and just throw daily.
Stock market calendar this week:
|MONDAY, JUNE 12|
|2:00 PM||Federal budget|
|TUESDAY, JUNE 13|
|6:00 AM||NFIB optimism index|
|8:30 AM||Consumer price index|
|8:30 am||Core CPI|
|8:30 AM||CPI year over year|
|8:30 AM||Core CPI year over year|
|WEDNESDAY, JUNE 14|
|8:30 AM||Producer price index|
|8″30 am||Core PPI|
|8:30 AM||PPI year over year|
|8:30 AM||Core PPI year over year|
|2:00 PM||Fed decision on interest-rate policy|
|2:30 PM||Fed Chair Powell press conference|
|THURSDAY, JUNE 15|
|8:30 AM||Initial jobless claims|
|8:30 AM||U.S. retail sales|
|8:30 AM||Retail sales minus autos|
|8:30 AM||Import price index|
|8:30 AM||Import price index minus fuel|
|8:30 AM||Empire State manufacturing survey|
|8:30 AM||Philadelphia Fed manufacturing survey|
|9:15 AM||Industrial production|
|9:15 AM||Capacity utilization|
|10:00 AM||Business inventories|
|FRIDAY, JUNE 16|
|7:45 AM||Fed Gov. Christopher Waller speaks|
|10:00 AM||Consumer sentiment|
Most anticipated earnings for this week:
Did you miss our blog last week?
About Amit: I am a first generation American, the son of a working-class Indian family, and I lived through my parents’ struggle to find their place in this country, to put down roots that would sustain them as well as their children in a new land. As they encouraged me to excel in school and fostered my hobbies and interests, I was keenly aware of the dynamic between them. I understood that there was a difference between where they came from individually and where we were now. They worked hard in their individual capacities, but they weren’t always on the same page about financial issues – and that can make or break a family’s future. I didn’t know it at the time, but this laid the groundwork for my passion towards financial services and helping families succeed.