This is the Chinese character kuan. Kuan is all about what one does with money but it is also used to express other meanings—like “entertain,” “signature,” and “commit.” The “money” and “commit” connection within kuan grows more meaningful to financial advisors who have spent years working with their clients.
Making more money is not the only reason to seek help from a financial advisor: not losing money is equally important… but shaping a fulfilling life is most important. All three pursuits are intertwined; the best prospects for success start from a willingness to commit to a vision of a fulfilling lifestyle and to a plan for achieving it.
The financial planning process starts there, with the commitment, the vision and the plan. What one might do with money comes next.
Many of us believe we shall begin to live well when we are rich and retired; the real trick is to begin to live well now. Wealth can definitely enhance a chosen lifestyle but the choice and its plan come first.
“Commit,” then “money.” Kuan.