Q2 Letter to Clients

As we wrap up the first quarter of 2025, I want to briefly reflect on recent market activity and share some thoughtful insights on maintaining perspective during volatile times.

Market and Economic Overview

This quarter reminded us that markets rarely move in a straight line. The S&P 500 saw a decline of a little more than 4%, driven largely by investor unease over inflation concerns and uncertainty about global trade policies. Additionally, international markets showed surprising resilience, with the MSCI All Country World Index ex-U.S. index outperforming the S&P 500 index by nearly 11 percentage points, marking the strongest first-quarter performance for international stocks since 1987, demonstrating the importance of diversification in your portfolios.  And yet, these numbers mean nothing to me, and they shouldn’t to you either.  Index returns, especially over one quarter, say nothing about whether you are on track to achieve your own personal goals or more importantly, about whether you are living your great life right now.  You should be tracking your Return on Life index, and the stock market has nothing to do with that!  These short-term returns are just noise, distracting you from the conversation that really matters.

Strategic Opportunities Amid Volatility

While volatility can feel uncomfortable, it’s essential to recognize the opportunities it creates for a long-term investor. We continuously monitor your portfolios for opportunities like tax-loss harvesting – turning short-term declines into meaningful tax savings – and strategic rebalancing which keeps your investments on target to your risk model.  Or better yet, if you have cash on the sidelines, putting new cash to work in your investment accounts is a great way to take advantage of lower asset prices, which has an outsized effect on your future portfolio!  Volatility coming from risk is also the price we all must pay in order to expect longer-term returns that outpace inflation. 

Great New Content

In line with our belief in tuning out short-term noise and focusing on long-term goals, Dimensional Fund Advisors recently released an exceptional documentary film called, “Tune Out the Noise,” directed by Academy award-winning filmmaker, Errol Morris. I highly recommend this impactful video, which beautifully captures the essence of remaining grounded and focused amid market distractions, spoken from the perspectives of some of the smartest people in finance over the last 60 years.  Check it out in the link below.

Above all, remember that your financial plan is built specifically for times like these – grounded in your personal goals, risk tolerance, and life’s milestones. Markets will always fluctuate, but our commitment to your financial well-being remains constant.

Thank you for your continued trust. Please feel free to reach out anytime.

Election Day Reflections

I sent this letter out initially in the midst of Election Day.  There obviously was a lot of energy in the air. Anticipation runs high, and the headlines were filled with speculation on what the choices mean for the markets. But here’s the perspective we can hold: while political outcomes may feel momentous, they rarely dictate the path of long-term investments.

Here are some helpful reminders as we continue to move through this election cycle:

Election outcomes and stock market outcomes are not correlated.

Election results and market returns are often far less connected than the news might suggest. For example, research by Fidelity has shown that, over time, the S&P 500 has performed comparably under both Democratic and Republican administrations—regardless of who held Congress. Since 1976, every market sector has had periods of growth during both Democratic and Republican terms. Across election cycles since 1976, each sector has performed well at times, regardless of which party holds the White House.  The markets, it seems, march to a rhythm of their own.

Cause and effect in the markets is rarely direct.

During election seasons, it’s tempting to act on predictions about how new socioeconomic policies might influence the markets. However, even the most astute commentators cannot reliably forecast market reactions to political shifts. Financial writer for Forbes John Jennings compares this to scientists who understand why volcanoes occur but cannot predict each eruption. In markets, just as in nature, the ability to explain an event is different from the ability to foresee it.

Elections come and go; your investments have a much longer time horizon.

We may vote for a president every four years, but your portfolio is designed to endure and grow over decades. Data spanning nearly a century, illustrated by Dimensional Fund Advisors, shows that U.S. equities have consistently trended upward, no matter which party was in power. Staying the course remains the most effective path forward for reaching your long-term goals.

So as the election buzz fills the air, know that your investments are positioned for resilience. Let’s keep our sights on the horizon, with our long-term objectives leading the way.

Steady onward.

 

Thanksgiving Reflections: Finding Financial Peace, Presence, and Genuine Joy in the Season

Thanksgiving marks a pause for many of us in the whirlwind of daily life. I love it for that.  For a few days, we gather with family and friends, enjoying good food, laughter, and conversation. Yet, the season can be bittersweet—a time of reflection and celebration that’s often overshadowed by the stress of holiday expenses and the pressures of hosting or attending gatherings or other family dynamics that are just hard to put a finger on. As we enter this Thanksgiving season, maybe we consider a different approach: focusing on financial stability, being fully present with our loved ones, and finding genuine enjoyment rather than just getting through it.  Yeah, I know, you’ve heard this before, but hear me out.

Cultivating Financial Stability…it’s not about the money

Financial stability isn’t about extravagance; it’s about having peace of mind and the freedom to make choices aligned with our values. For many, holidays add a financial strain, but it doesn’t have to.  Trust me, this is the part of the article where I’m talking to myself, so feel free to listen in.

Financial stability begins in the mind. It’s about adopting a mindset that values contentment over accumulation, embracing a sense of “enough” rather than striving for more. This mindset allows us to approach the holidays with gratitude for what we have rather than stressing about what we lack. Thanksgiving invites us to step back and see our resources—time, energy, and money—as tools to be used intentionally, not indicators of success or happiness. When we feel secure in what we have, we’re less tempted by the holiday urge to overspend or overextend.

The Power of (Being) the Present

With today’s technology, it’s easy to be physically present with family while mentally absent—our thoughts divided between notifications, emails, and to-do lists. I truly believe that there is no such thing as multi-tasking…our brains are hardwired in this way.  So, if you’re staring at your phone, you’re not present with those around you.  One of the most profound gifts we can give during Thanksgiving is the full presence of our attention. Choosing to leave phones in another room, engage in conversation, and listen to each family member’s story without distraction can transform our gatherings. These moments don’t require perfection in family dynamics; they only need our open ears and a willingness to embrace others as they are. 

Being fully present also applies to ourselves. Instead of rushing to fit every seasonal obligation, we can consciously slow down, taking time to recharge. Whether it’s a quiet morning walk, reading a book, or simply breathing deeply before a meal, these moments allow us to enjoy Thanksgiving with gratitude and grace rather than as an item on a checklist.

Enjoying, Not Enduring, the Season

Many people experience the holidays as something to endure rather than enjoy—a time of fulfilling social expectations or family obligations. However, true enjoyment comes from engaging with the season in a way that’s meaningful to us personally. For some, this might mean traditional festivities; for others, it might look like an intimate gathering or even a quiet Thanksgiving hike. The key is to spend the day in a way that brings joy and connection, free from imposed expectations.

Setting boundaries on how we celebrate doesn’t diminish the holiday’s value—it enhances it. When we choose celebrations that align with who we are, we foster genuine gratitude. If that means opting for a small dinner, skipping crowded stores, or using Thanksgiving to volunteer instead, so be it. Our traditions should reflect what brings us joy, not what we feel pressured to maintain.

Thanksgiving is a time to reflect on abundance—of love, health, relationships, and even the lessons learned through challenges. I want us all to pursue our Great Life right now, and this holiday season is a great opportunity to pursue it with the people that we care most about.  This season, let’s make it less about stretching our resources thin and more about stretching our capacity for gratitude. Embrace simplicity, give the gift of presence, and choose joy over obligation. In doing so, Thanksgiving becomes more than a holiday; it becomes a practice in contentment, reminding us that true wealth is measured by the richness of our experiences and the depth of our connections. 

Thanks for listening without judgment to my inner dialogue.

 

How to Plan a Big Family Trip Without Becoming the Griswold’s

Research shows that spending money on experiences often brings more lasting joy than buying more “stuff.” Now imagine the joy and connection that comes from planning a big family vacation—one that creates memories for generations to come. I believe Clark Griswold knew the value of such trips, but he clearly had trouble pulling it off.  While getting everyone aligned may feel challenging, it’s also what makes the journey worthwhile. Let’s go over some key steps to ensure your family adventure is one for the books.

Open the Dialogue Early

Nobody enjoys being dragged along on someone else’s vacation. The key to a successful family trip is making sure everyone feels included from the start. Whether some family members are retired with flexible schedules or others are balancing school, work, and activities, it’s important to consider everyone’s situation.

Start by agreeing who is the ‘champion’ of the planning overall.  Someone must be responsible for organizing the communicating the plans.  Then start gathering input from everyone—use a group video chat, shared document, or a family meeting to talk through options. This gives everyone a chance to voice what works for them and helps you find common ground. Collaboration early on can make all the difference in pulling off a trip everyone enjoys.  Obviously this will look different if you are traveling with younger kids, but you know that they have opinions too!

Balance Togetherness and Individual Time

When planning a vacation for a large group, it’s crucial to strike the right balance between shared experiences and personal space. Not everyone will want to do the same activities, and that’s okay. Whether it’s golfers heading out for a round while others enjoy a spa day or different groups exploring different sights, the key is flexibility.

Plan a few moments for everyone to be together—like beach time or family dinners—but also allow space for each person to pursue what excites them. This balance will help everyone enjoy the trip in their own way without feeling overwhelmed or restricted.

Be Clear About the Budget

Few things create tension faster than money talk, especially in a family setting. If each family is paying their way, aim to pick a destination that fits most people’s budgets. If one person is paying for it all (ie, mom and dad), be totally clear about that from the beginning.  This ensures everyone can enjoy the trip without feeling financially strained.  Or worse, living in the uncertainty of ‘who is paying for what’?

If you are generously covering the cost, having a clear budget in place is even more important. Setting limits upfront helps ensure you don’t overstretch yourself financially, allowing you to fully enjoy this special experience with your loved ones.

Thinking ahead about your travel budget and ensuring that this family vacation fits within your broader financial goals will allow you to focus on making memories instead of managing costs.  This is what it is all about!

 

I have a Lump Sum in Cash – Should I Invest It Right Away?

Whether it’s a work bonus, inheritance, or proceeds from selling a business, receiving a large sum of money can leave you wondering, “What do I do with it now?” It’s natural to feel a bit stuck—especially with the market going through its usual ups and downs. Do you invest it all at once, or spread it out over time?

This is a common question, and honestly, it’s understandable. We all worry about making the wrong move—invest too soon and the market might drop; wait too long and you could miss a rally. But there’s no need to over-complicate it. Let’s break down your options.

Start with Your Goals

Before diving into the numbers, ask yourself: What do I want this money to do for me?

If you’ve got short-term goals, like paying for your kid’s college tuition in the next few years, you may want to lean toward more stable, less risky investments—think bonds, bond funds, or CDs. These are less likely to be impacted by the market’s short-term swings.

On the other hand, if this money is for long-term goals, like retirement, then putting it into the stock market might make sense. Over the long haul, markets tend to rise, despite the short-term ups and downs.

Lump-Sum vs. Dollar-Cost Averaging

Now, should you invest all the cash at once or spread it out?

Lump-sum investing gets all your money into the market right away, which could be great if the market’s on the rise. But no one can predict the future, and there’s always a chance the market dips right after you invest. If that possibility stresses you out, dollar-cost averaging (DCA) might be more your speed.

With DCA, you invest a set amount regularly—say, $1,000 a month for a year. When prices are high, you buy fewer shares; when prices drop, you buy more. It’s a steady approach that smooths out market fluctuations over time.

However, here’s the kicker: research shows that lump-sum investing tends to outperform dollar-cost averaging about 68% of the time. So, if your main goal is maximizing returns, lump-sum might be the way to go. That said, the difference in returns between the two strategies isn’t massive, so if dollar-cost averaging helps you sleep better at night, it’s worth considering. After all, the last thing you want is to panic and sell when the market dips.

The Bottom Line—Don’t Wait

Whether you go with lump-sum investing or dollar-cost averaging, the most important thing is not to delay. Holding onto cash means missing out on potential growth from stocks and bonds. And trying to time the market? That’s a tough game to win.

In fact, studies show that average investors who attempt to time the market often miss out—by as much as 5.5% compared to just sticking with the S&P 500. So, whatever you decide, get started. Both approaches will help you benefit from the market’s long-term upward trend, which is key to achieving your financial goals.

Need help figuring out which approach works best for you? Reach out, and we’ll walk through it together.

Q4 Letter To Clients

As we reflect on the past quarter, I want to emphasize our commitment to your overall financial well-being. This not only includes helping you plan for your goals but also protecting the assets you’ve worked so hard to build. Our focus this quarter is centered on enhancing your cybersecurity protection. With cyber threats increasing globally, protecting your personal and financial information has never been more critical. According to a recent study, cyberattacks have increased by 125% over the past year, and 64% of individuals have experienced some form of a data breach.  In 2023 alone, there were over 1.8 billion data breaches globally, with financial accounts being a key target. The Federal Trade Commission reports that identity theft cases grew by 15% last year, emphasizing the need for vigilance.

Given this rise, we’re dedicating more resources to ensuring your financial data is secure, and we strongly recommend you take steps to safeguard your online information. To assist with this, we are hosting a webinar this month on proactive cybersecurity strategies tailored for our clients. Please join us on October 23 at 12pm -1pm EST to learn more about how to protect yourself and your family.  Registration is required and can be found here.

In terms of market performance, the past quarter has seen mixed movements across key asset classes. Equities rallied early in the quarter due to continued optimism around cooling inflation and central bank policies, though rising interest rates brought some volatility by quarter’s end. Meanwhile, bonds saw more stability as yields increased, providing attractive opportunities for income-focused portfolios. In the alternative asset space, real estate has faced headwinds with higher borrowing costs, while commodities have seen strength due to geopolitical tensions and supply chain pressures.

As always, we take a holistic approach to your financial plan, ensuring that market shifts are viewed through the lens of your long-term life goals. Market movements will come and go, but our focus remains on helping you achieve financial peace of mind and purpose-driven financial life planning. We are here to guide you through each phase, adapting strategies as needed to support your goals and priorities.

We are here to support you and answer any questions you may have.

How to Live Like a Local…in Paris

How to Live Like a Local in Paris, France: A Financial Planner’s Guide to Adventure

Paris, the City of Light, is known for its world-class art, cuisine, and culture. But to truly experience the magic of Paris, you need to live like a local. Not only does this provide a more authentic experience, but it can also be more financially sustainable, which is a priority for our financial planning clients. Here’s a guide to living like a local in Paris with a touch of adventure, while keeping your budget in check.

Navigate Paris Like a Parisian

One of the best ways to explore Paris is on foot or by using public transportation. Parisians often walk or bike around the city, especially in pedestrian-friendly areas like Le Marais or the Latin Quarter. Renting a Vélib’ bike is a great option for getting around efficiently and affordably. For longer journeys, the Paris Metro is fast, cheap, and easy to navigate. A weekly or monthly Navigo pass can save you money compared to purchasing individual tickets.

Explore the Neighborhoods Beyond the Tourist Spots

While the Eiffel Tower and Louvre are iconic, living like a local means venturing into Paris’s unique neighborhoods. Montmartre offers cobblestone streets, art galleries, and an authentic bohemian atmosphere. Definitely visit the Sacré-Cœur Basilica at the top of Montmarte and take the short tram from the front steps down to a delicious streetside crepe.  My family loved this excursion!  Le Marais, with its narrow medieval streets, is home to fashionable boutiques, quaint cafés, and hidden courtyards. Canal Saint-Martin is a favorite among Parisians for picnics and strolls along the water.

For a true local experience, spend time in lesser-known districts like Belleville, known for its vibrant street art and multicultural food scene, or the 11th arrondissement, where you’ll find affordable restaurants and a relaxed, authentic vibe.

Shop at Local Markets

One of the most enjoyable ways to live like a Parisian is by shopping at local markets. Rue Mouffetard, in the Latin Quarter, is a historic market street with fresh produce, cheeses, and bread. Marché d’Aligre in the 12th arrondissement is a bustling market where you can find everything from gourmet foods to second-hand treasures.

Shopping at markets not only supports local businesses but also offers a budget-friendly way to enjoy the best of French cuisine. Grab some fresh baguettes, cheese, and a bottle of wine for a perfect Parisian picnic in one of the city’s many parks.  The amount of Fromageries in Paris will make a cheese lover’s heart melt!

Enjoy the Green Spaces

Paris is home to beautiful parks and gardens where locals spend their weekends relaxing. The Jardin du Luxembourg is a favorite for its tranquil atmosphere and stunning landscapes. For something off the beaten path, visit Parc des Buttes-Chaumont in the 19th arrondissement, one of Paris’s largest parks, complete with waterfalls, cliffs, and stunning views of the city. Parc Monceau in the 8th arrondissement is another gem, offering a peaceful retreat surrounded by elegant townhouses.

Eat Like a Parisian

Dining in Paris can be pricey, but there are ways to eat like a local without overspending. Skip the tourist traps and head to neighborhood bistros and brasseries where locals dine. For an authentic Parisian experience, visit a fromagerie (cheese shop) and boulangerie (bakery) to assemble your own meal. Enjoy a simple, yet delicious picnic by the Seine or in one of Paris’s parks.

For those looking to experience Paris’s diverse culinary scene, explore the affordable eateries in neighborhoods like Belleville or the 10th arrondissement, where you’ll find cuisines from around the world. Don’t forget to visit the pâtisseries (pastry shops) to treat yourself to a croissant or pain au chocolat.

Take Advantage of Free Cultural Attractions

Many of Paris’s most famous museums offer free entry on the first Sunday of every month, including the Louvre and Musée d’Orsay (one of my favs). Additionally, some of the city’s most beautiful landmarks, like Notre-Dame and Sacré-Cœur, are free to visit. Wander the streets of the historic neighborhoods like Le Marais and the Latin Quarter, soaking in the city’s architecture and charm without spending a euro.

Another way to experience local culture is by attending free events. From outdoor film screenings in the summer to seasonal festivals, Paris offers numerous opportunities for entertainment that won’t strain your budget.

Live Like a Local, Plan Like a Pro

Living like a local in Paris means embracing the city’s slower pace, savoring simple pleasures, and avoiding the touristy spots in favor of authentic experiences. As financial planners, we understand that your travel adventures shouldn’t come at the expense of your financial well-being. By making smart choices, from using public transportation to shopping at local markets, you can enjoy the best of Paris without breaking the bank.

Financial Tips for Adventurous Paris Travelers
  • Set a Daily Budget: Paris can be expensive if you’re not mindful of your spending. Set a daily budget for meals, transportation, and activities to stay on track.
  • Accommodation: Consider staying in short-term rentals or chambres d’hôtes (bed and breakfasts) instead of pricey hotels. This also gives you the chance to live in authentic Parisian neighborhoods.
  • Local Banking Options: If staying for a longer period, consider opening a local bank account to avoid foreign transaction fees.
  • Use Public Transport: The Navigo pass is cost-effective for public transport, and Vélib’ bikes are an affordable, fun way to explore the city.

By following these tips, you can experience Paris like a local and make your trip both memorable and financially smart. Paris is a city for dreamers and adventurers alike, and with the right approach, you can explore its wonders without overspending.

Less is More in Election Years

I am getting tons of questions right now (and every 4 years historically) about what does the election cycle mean for my investments and what should we do to ‘protect’ ourselves.  These are legitimate questions coming from an honest place of concern about important matters.  My answer has been pretty consistent now for over 20 years, but I could not write this any better, so I’m going to leave this to an expert.  This is a must read from Dr. Daniel Crosby, Chief Behavioral Officer with Orion.  He is a psychologist and behavioral finance expert with a New York Times best seller.

 

 

As the 2024 election approaches, the political noise is deafening. Campaigns are in full swing, pundits are making predictions, and market analysts are offering endless advice on how to manage your investments. However, the best strategy for your portfolio during this tumultuous time might surprise you: do nothing.

In times of great political and economic uncertainty, the instinct to take action can be overwhelming. This tendency, known by shrinks like me as “action bias,” is the inclination to favor action over inaction, especially when the stakes are high. It’s a concept that’s particularly relevant in the world of investing.

Consider the world of soccer, where goalkeepers, faced with penalty kicks, often dive dramatically to the left or right. A group of researchers examined 311 penalty kicks and found that goalies dove to the left or right 94% of the time. However, the kicks were distributed roughly equally: one-third to the left, one-third to the right, and one-third down the middle. Goalkeepers who stayed in the center had a 60% chance of stopping the ball, far greater than the odds when diving left or right.

So why do goalkeepers choose dramatic dives over the more effective strategy of staying centered? When we put ourselves in the shoes (or cleats) of the goalie, especially in high-stakes situations, the reason becomes clear. When the game and national pride are on the line, goalies want to appear as though they are giving a heroic effort. Staying centered can look like complacency, even though it’s statistically the best choice. This same dynamic applies to investors who, in times of market distress, feel compelled to act, even when inaction would serve them better.

When Vanguard examined the performance of accounts that had made no changes versus those that had made tweaks, they found that the “no change” condition handily outperformed the tinkerers. Meir Statman cites research from Sweden showing that the heaviest traders lose 4 percent of their account value each year to trading costs and poor timing and these results are consistent across the globe. Across 19 major stock exchanges, investors who made frequent changes trailed buy-and-hold investors by 1.5 percentage points per year.

Perhaps the best-known study on the damaging effects of action bias also provides insight into gender-linked tendencies in trading behavior. Terrance Odean and Brad Barber, two of the fathers of behavioral finance, looked at the individual accounts of a large discount broker and found something that surprised them at the time.

The men in the study traded 45 percent more than the women, with single men out-trading their female counterparts by an incredible 67 percent. Barber and Odean attribute this greater activity to overconfidence, but whatever its psychological roots, it consistently degraded returns. As a result of overactivity, the average man in the study underperformed the average woman by 1.4 percentage points per year. Worse still, single men lagged single women by 2.3 percent – an incredible drag when compounded over an investment lifetime.

The tendency of women to outperform is not only seen in retail investors, however. Female hedge fund managers have consistently and soundly thumped their male colleagues, owing largely to the patience discussed above. As LouAnn Lofton of the Motley Fool reports, “…funds managed by women have, since inception, returned an average 9.06 percent, compared to just 5.82 percent averaged by a weighted index of other hedge funds. As if that outperformance weren’t impressive enough, the group also found that during the financial panic of 2008, these women-managed funds weren’t hurt nearly as severely as the rest of the hedge fund universe, with the funds dropping 9.61 percent compared to the 19.03 percent suffered by other funds.”

As the 2024 election unfolds, resist the urge to make dramatic changes to your portfolio. Remember, sometimes the best action is inaction. By staying the course and avoiding the pitfalls of action bias, you can protect and grow your wealth, regardless of the political landscape.

Source: The Laws of Wealth, Crosby  

 

How to Live Like a Local…in London

London, England is a city brimming with history, culture, and adventure. For those planning to make the most of their time in any vibrant metropolis, it’s essential to live like a local. This approach not only provides a richer experience but can also be more cost-effective, a key consideration for any Everyday Explorer traveling to a new place. Here’s a guide to help you navigate London with a spirit of adventure and a savvy financial mindset.

Embrace Public Transportation

London’s public transportation system is extensive and efficient. Locals rely heavily on the Tube (London Underground), buses, and trains to get around. Purchase an Oyster card or use contactless payment for seamless travel across the city. Not only will this save you money compared to taxis or ride-sharing services, but it also immerses you in the daily rhythm of London life.  If you’d rather get from point to point a little more quickly, using the famous Black Cabs will do it for you.  You can definitely spend a small fortune getting around the city, but it’s fast and pretty fun if you get a good driver.

Discover Hidden Gems

While iconic landmarks like the Tower of London and Buckingham Palace are must-sees, living like a local means seeking out hidden gems. Explore neighborhoods like Shoreditch, known for its street art and eclectic vibe, or Hampstead Heath, a vast green space offering panoramic views of the city. For a unique experience, visit the Leighton House Museum in Kensington, an opulent Victorian home filled with art and history.  As soccer fans (sorry, futbol), we had to visit a stadium and so we picked Stamford Bridge to see the home of Chelsea Futbol Club.  We are now big fans!

Shop at Local Markets

Londoners love their markets, and these bustling hubs are perfect for immersing yourself in local culture. Borough Market, near London Bridge, offers a feast of fresh produce, artisanal foods, and culinary delights. For vintage finds and quirky treasures, head to Portobello Road Market in Notting Hill. Covent Market was one we visited and loved the shops, food and live music…an amazing vibe.  Shopping at markets not only supports local vendors but also provides a more authentic and budget-friendly shopping experience.  And for some extra flare, visit in December so you can experience the amazing Christmas markets.

Enjoy the Outdoors

Despite its urban nature, London boasts an array of parks and outdoor spaces. Hyde Park, Regent’s Park, and Richmond Park are just a few of the green havens where locals unwind. Rent a bike through Santander Cycles and explore these parks on two wheels. For a more adventurous outing, take a walk along the Thames Path or venture to the outskirts of the city for a hike in the Epping Forest.

Eat Like a Londoner

Dining out in London can be expensive, but locals know where to find great food without breaking the bank. Visit neighborhood pubs for traditional British fare like fish and chips or a hearty Sunday roast. Discover the city’s diverse culinary scene by exploring food halls such as Mercato Metropolitano in Elephant and Castle or Boxpark in Shoreditch, where you can sample dishes from around the world.  We found ourselves in a pub (especially for the World Cup final which was absolutely electric!) almost every day in the city, but the fav…and evening dinner at the Sky Garden overlooking the entire London Skyline.  Make your reservation well in advance. 

Take Advantage of Free Attractions

London is home to numerous world-class museums and galleries, many of which offer free entry. Spend an afternoon at the British Museum, the National Gallery, or the Tate Modern.   For an even more immersive experience, hire a guide to take you through for a few hours.  It will change the entire experience!  Wander through the charming streets of Covent Garden (again, great at Christmas time) or take in the lively atmosphere of Southbank, all without spending a penny. These free attractions provide cultural enrichment and entertainment, making them perfect for the budget-conscious traveler.

Live Like a Local, Plan Like a Pro

Living like a local in London involves more than just seeing the sights—it’s about immersing yourself in the city’s culture and lifestyle. As financial planners, we understand the importance of balancing adventure with financial prudence. By embracing local habits, seeking out hidden gems, and making the most of free attractions, you can enjoy an enriching and cost-effective stay in London.

Financial Tips for the Adventurous Traveler
  • Budget Wisely: Allocate funds for daily expenses and stick to your budget. Use apps to track spending and find deals.  Check in on your progress each day.
  • Local Banking: Consider opening a local bank account if staying for an extended period. This can save on foreign transaction fees.  I haven’t done this personally so do your research.
  • Public Transport: Utilize weekly or monthly travel cards for the best rates on public transportation.
  • Cultural Memberships: Some museums and attractions offer memberships that provide free or discounted entry.

By following these tips, you can experience the best of London. Living like a local not only enriches your travel experience but also ensures you make the most of your adventures in this incredible city.

Simplify for a Better Return on Life

“Simplicity is the ultimate sophistication,” proclaimed an Apple Computer marketing brochure back in 1977. In the ensuing decades, Steve Jobs’ commitment to this ideal resulted in technology products that were as beautiful as they were easy use, and in Apple becoming one of the most valuable companies in the world.

The clutter we accumulate in our lives often prevents us from fully experiencing the adventure and freedom that life offers. At some point, our possessions can become chains, anchoring us and stifling our spirit of adventure. Think about how paring down to the essentials in these four areas could improve your Return on Life (ROL) and fuel your adventurous spirit.

1. Simplify your space.

Imagine your home as a base camp for your next adventure. Surrounding yourself with too much stuff can weigh you down and inhibit your readiness for new experiences.  Surrounding yourself with too much stuff can also have serious effects on your mental and physical health, including stress, depression, lack of focus, and higher risks of household injuries. Cleaning can have the opposite effects, filling you with positive feelings as you open up more physical space for yourself. As you organize things you want to keep and let go of those you don’t, you might feel nostalgia and gratitude for people and experiences that have enriched your life. And giving away items you’ve outgrown will make you feel good about helping someone else as you also make room for the exciting things that will be coming next.  I consider myself pretty simple and not materialistic, but every time I go to do a clean out, I realize just how much I like my stuff.  It is one thing to decide to simplify, but it is much harder work to actually do it.  Just remember that simplifying is not just about reducing; it’s about making space for what truly ignites your passion.

2. Simplify your schedule.

 Your calendar should be a roadmap to adventure, not a to-do list that leaves no room for spontaneity.  Despite your many personal and professional responsibilities, you probably have more control over your days than you realize. With a little forethought, it’s usually possible to make time for exercise, reading, or a quiet cup of coffee, especially if you incorporate some of these activities into your morning or bedtime routine. But if you really can’t find time for a run or a dinner date with your spouse for the ‘big rocks’ in your life, you might need to take a hard look at your whole schedule and reassess your priorities. Are you staying up too late and sleeping in longer than you should? Are you taking more meetings at work than you really need to?  If your schedule is constantly packed and stuck in the fast lane, there will never be space to chase your own great adventure.  Simplifying your schedule can open up opportunities to chase new experiences and explore uncharted territories, both literally and metaphorically.  As you probably know by now, I think having this pursuit is a must.

3. Simplify your thinking.

The running dialogue in your head that’s constantly dredging up regrets about the past and spreading anxiety about the future is robbing you of the present. It can be like fog on your path, obscuring the beautiful vistas ahead.  Incorporate mindfulness into your daily routine to keep yourself focused on what you can and will accomplish today. Try meditation, yoga, or deep breathing exercises to root your mind and body in the here and now. Keeping a gratitude journal can also help you appreciate all of the good things in your life instead of dwelling on negative thoughts.

4. Simplify your finances.

 What, ultimately, is your money for?  Truly, the only value of money is in its use.  Think of your finances as a toolkit for your explorations.

 Yes, we all have to pay the bills and provide the essentials for our families. But the way we use our money should also be tied to specific, actionable life goals and upcoming transitions. When we don’t earn, spend, save, and invest on purpose, our money tends to scatter across possessions we don’t really need, subscriptions we don’t really use, debt that we could have avoided, and short-term solutions to problems that will continue to linger in the long run. Vacations get skipped, old cars get older and more unreliable. Then, suddenly, your family has outgrown your home but you can’t afford to move, or your kids are looking at colleges you can’t pay for, or you and your spouse are both wishing you had the means to retire.

 When you eliminate what’s not essential, you’ll have more resources to commit to the people, places, and activities that make you truly happy. You can allocate more resources to experiences that bring joy and excitement. Want to have an authentic conversation about these things that really matter?  Schedule an appointment with us and let’s talk about how our Life-Centered Planning process can simplify complex financial issues and keep you and your money organized so you can pursue your own great adventure now.