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Tag: Finances

Time is Everything

Given my profession, I’ve often wondered,” What are the most commonly used words or phrases in finance?”  What would you think?  Money, the stock market, Interest rates, rate of return, buy, sell, gains, losses? And depending on the day, some may not be suitable for mixed company, am I right? I don’t have an answer, really, and your guess is as good as mine. I would imagine time would have been one of those “also receiving votes” in the poll above, don’t you think?  The time value of money, for example. Or when’s the best time to buy or sell. The most popular use of that word, for me anyway, is when discussing timing the market vs. time in the market. It comes up quite frequently. So much so, I’ve recorded videos on the subject which have been shared with hundreds of investors. It’s that important. But this weekend, I witnessed two defining moments where time expanded the lives of some and tragically departed from others.

On a perfect Saturday afternoon in September, my wife and I traveled to a small, remote town in northwest Georgia to witness the wedding of one our best friend’s daughters. We’ll call this young bride, “Kaitlyn.”  And we’ll call her that because that’s her name.  She’s a brilliant, accomplished, and beautiful young lady who recently graduated from Auburn with honors – in three years – and all while working a full-time job. (I know, sickening.) And she’s marrying one of those “too-good-to-be-true” type of guys. His name is Garrett, of course. You know him, one of those handsome, chivalrous, strong, scraggily bearded leader-types who doesn’t need a set of pronouns to show he’s a man. (They still exist, folks.) Back to our friend. He adopted Kaitlyn many years ago and is as wonderful a father as the day is long. He’s also one of those too-good-to-be-true types – just with a little less hair and a little more weight. As the sun was setting across the hills of north Georgia, the tribute he offered to his daughter was one of those only a father of girls could deliver. A sweet glimpse of their relationship over the many years as father and daughter. He filled a paternal void in Kaitlyn’s life and became her protector, provider, care giver, and just what God knew she needed – a dad. A few memorable phrases used in his speech that evening:  There was the time, Do you remember that time, and I look forward to the time…

Fast forward 19 hours…

She was a beautiful, vibrant, young lady. A beloved daughter, sister, and cherished friend to many in the community. She was only 16 and tragically killed in an automobile accident earlier that week. And with no warning, she was gone. We attended her visitation on Sunday afternoon along with what must have been thousands of friends, family and acquaintances wanting to pay their respects. They waited for hours to love on her family and perhaps share stories of how she lived and loved so mightily.  The funeral home was adorned with hundreds of pictures of this sweet young girl surrounded by friends, families, and even one of her and her approaching homecoming date.  As we moved through the procession, I couldn’t help but think back to my friend’s speech just 19 hours earlier – There was the time, Do you remember that time, I look forward to the time.  And I imagined what questions were running through her dad’s mind at this moment. It was heartbreaking. If our world shares a common belief, it’s that parents shouldn’t have to bury their children. Children shouldn’t have to mourn their friends. And a sweet young lady shouldn’t have to lose her life. But as we’re all painfully aware, life doesn’t always work out that way. All of us will experience loss. It’s inevitable. And it’s a matter of time.

Forty-eight hours ago, this article was to have covered a vastly different topic.  But forty-eight hours ago, I hadn’t experienced a wedding and a wake. I am ill-equipped to even begin to capture the raw emotion of saying good-bye to a daughter until such time the Lord sees fit for a reunion. Each day, we witnessed two stories on this notion of time. Time spent, time hopefully to be shared again soon, and time to long for yet never get back. I’m apologetically incapable of expressing the weight that the word time carries for many families this evening. My prayer for all of us is that we’re blessed to make the most of what we have of it.

And God willing, maybe I’ll be able to write about that another time.

CapSouth Partners, Inc, dba CapSouth Wealth Management, is an independent registered Investment Advisory firm.

Embrace the Summer Season: A Guide to Summer Delights

As the sun shines its brightest and the temperatures rise, we find ourselves in the heart of summer—a season filled with endless possibilities and energy. While we understand the importance of managing your financial future, it’s equally important to seize the day and make the most of this season. So, grab your sunglasses, put on your favorite flip-flops, and allow us to be your lighthearted guide to enjoying summer delights.

Diversify Your Summer Experiences:

Just as diversifying your investment portfolio is a component of financial success, diversifying your summer experiences can add a splash of excitement to your life. Step out of your comfort zone and try something new—a water sport, a local festival or event, or even a spontaneous road trip. Unleash your adventurous side and let the summer memories unfold.

Financially Bask in the Sun:

While you’re soaking up the summer sun, take a moment to review your financial goals and evaluate your progress. Celebrate the successes you’ve achieved so far and make any necessary adjustments to ensure you stay on track. Remember, financial well-being is an ongoing process, and the midsummer break offers the perfect opportunity for reflection.

Invest in Time Well Spent:

Embrace the summer season by investing in activities that bring you joy and create lasting memories. Spend quality time with loved ones, take a picnic, or simply enjoy a sunset stroll. The value of these moments cannot be measured in dollars and cents.

Savor the Flavors of the Season:

Summer is a feast for the taste buds with a cold and sweet watermelon, fresh salads, and barbecues. Indulge in the culinary delights that this season has to offer. Whether it’s a backyard cookout with friends or diving into that new Blue Bell ice cream flavor, let your taste buds enjoy the flavors (and splurges) of summer.

Recharge Your Batteries: (this might be the most important of all!)

While the hustle and bustle of daily life may continue, it’s essential to find time for relaxation and down time. Embrace the slower pace of summer and take a well-deserved break. Whether it’s lounging by the pool, enjoying a day on the golf course, or simply unwinding with a good book, allow yourself the gift of self-care.

Have an Attitude of Gratitude:

Be reminded of the blessings in your life. Take a moment to appreciate the goodness that surrounds you—the beauty of nature, friendships, and the opportunities that your hard work provides. Gratitude is a powerful tool that can enhance your overall well-being and bring a sense of fulfillment.

Plan for the Future, but Live in the Present:

While we encourage planning for the future, it’s important not to let it overshadow the present. Use the midsummer season to strike a balance between your financial aspirations and the experiences that bring you joy. Plan for your long-term goals, but remember to live in the moment and savor the magic of summer.

We hope this lighthearted guide encourages you to embrace the summer sizzle and make the most of this enjoyable season. Life is not just about a balance sheet—it’s about creating a life filled with laughter, love, and unforgettable moments.

To learn more about CapSouth Wealth Management visit our website at capsouthwm.com/what-we-do/ or Connect With Us to learn more about our process.

CapSouth Partners, Inc, dba CapSouth Wealth Management, is an independent registered Investment Advisory firm. CapSouth does not offer tax, accounting or legal advice. Consult your tax or legal advisors for all issues that may have tax or legal consequences. This information has been prepared solely for informational purposes, is general in nature, and is not intended as specific advice. This article was produced with the assistance of ChatGPT (May 24 Version); Chat GPT is an artificial intelligence model owned by OpenAI. CapSouth is not affiliated with OpenAI.

The Importance of Financial Planning in Your Earning Years

The Importance of Financial Planning in your Earning Years

Benjamin Franklin said it best.  “Don’t put off until tomorrow what you can do today.”  Though this can mean something different to everyone, it encourages us to seize the day, life and opportunities.  When it comes to financial planning for the now and the future, there is much to be waged if you put things off until tomorrow. 

Protect and Prepare  

You work hard throughout your earning years to secure an adequate income and ensure financial stability. However, without proper financial planning during these years, it is easy to fall into a cycle of financial instability and struggle to make ends meet. This is why it is essential to prioritize financial planning during your earning years and establish sustainable financial habits that will carry through life.

One of the most critical benefits of financial planning during your earning years is it, if done well, could ensure financial stability during your retirement years. Without proper planning, you may not have enough saved to fund your desired lifestyle or may even need to work longer than expected to maintain any financial security.  That is why planning in your earning years is so important.

Take Action

Establishing a budget, setting financial goals, properly contributing to your 401(k) and creating a savings plan are some of the critical components of financial planning. By taking a disciplined approach to managing your finances during your earning years, you are potentially able to save more money, make more informed decisions, and, ultimately, enjoy the life you want to live now and later.

Aside from retirement, inadequate financial planning can impact your financial wellbeing in various aspects of life, such as purchasing a home, financing your kid’s education, or dealing with unexpected emergencies. By planning strategically, you will be better equipped to manage these life events and avoid significant financial setbacks.

Moreover, having a solid financial plan can help reduce the stress and anxiety that comes with financial uncertainty. Knowing that you have a clear financial roadmap in place can enable you to focus on other important aspects of life, such as family, health, and personal development.

Working With a Fiduciary Financial Advisor

This is important to achieving your financial goals, both short-term and long-term. A fiduciary advisor has a legal obligation to act in your best interests. “Best interests” means that the advisor should always prioritize your financial well-being above their own. They can’t legally recommend financial products solely because they benefit the advisor and their firm. The fiduciary standard is the highest level of care an advisor can provide for their clients, which is what you need when entrusting someone to be your financial partner.

In conclusion, financial planning during your earning years is crucial step that can help ensure financial stability, potentially reduce financial stress, and chart a course to achieve your short-term and long-term financial goals. With a proactive approach to managing your finances, you can establish sustainable financial habits that will benefit you throughout life. To speak to a CapSouth advisor about planning in your earning years call 800-929-1001 or visit our website to learn more about the services we offer. capsouthwm.com/what-we-do/

If you are ready to find out if CapSouth is a fit for you, click here to schedule a Discovery Call with one of our team members.

CapSouth Partners, Inc, dba CapSouth Wealth Management, is an independent registered Investment Advisory firm. CapSouth does not offer tax, accounting or legal advice. Consult your tax or legal advisors for all issues that may have tax or legal consequences. This information has been prepared solely for informational purposes, is general in nature, and is not intended as specific advice. This article was produced with the assistance of ChatGPT (May 24 Version); Chat GPT is an artificial intelligence model owned by OpenAI. CapSouth is not affiliated with OpenAI.

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