Sta­tus quo is out. Change is in. 

We have just weath­ered the worst reces­sion since the 1970’s and for some, it isn’t over.  Oth­ers are begin­ning to see an uptick in income and busi­ness activ­i­ty.  The reces­sion re-taught us some old tried and true rules:

  • Be pre­pared for a rainy day
  • Under­stand and man­age your cash flow
  • Use debt wise­ly
  • Align your invest­ments with your risk tol­er­ance and your cash demands
  • Don’t be a sheep-le – that is don’t fol­low the herd, in invest­ing or in your busi­ness

As the old becomes new again, the new keeps mov­ing for­ward at an increas­ing­ly accel­er­at­ed pace. This year alone we have seen land­mark tax leg­is­la­tion in the areas of health care, stu­dent loan reform, and hir­ing and oth­er busi­ness incen­tives.  Roth IRA con­ver­sions have a new twist this year and the estate tax has expired. 

Mar­ry these changes with the increas­ing pace of tech­no­log­i­cal change, increas­ing glob­al­iza­tion, decreas­ing access to cred­it, the need to re-align our ener­gy sources to renew­ables, and it is easy to go into over­whelm.

Accel­er­at­ed change calls on us as busi­ness own­ers or indi­vid­u­als to be strate­gic in our think­ing and deci­sion mak­ing.  With the sta­tus quo out the win­dow, so must go “shoot from the hip” deci­sion mak­ing.  More than ever we must con­sid­er the finan­cial con­se­quences of our choic­es, before they are made.

How do we do this? By ask­ing the right ques­tions.

For exam­ple, as indi­vid­u­als:

The wrong ques­tion

The right ques­tion

Do I need more life insur­ance?

How do I pro­vide for my secu­ri­ty and that of my fam­i­ly?

Should I buy mutu­al fund XYZ?

What invest­ment plan sup­ports my inten­tions, val­ues and goals?

With my recent­ly received inher­i­tance, should I buy a new car or remod­el my kitchen?

How do I uti­lize my inher­i­tance to max­i­mize my wealth for years to come?


As busi­ness own­ers:

The wrong ques­tion

The right ques­tion

Do I need to raise prices?

Who is my cus­tomer and how do I add the most val­ue at the low­est pos­si­ble cost?

Should I hire or out­source?

How do I get the best tal­ent at the most afford­able price?

Should I be on twit­ter?

How does social media fit into my mar­ket­ing strat­e­gy?

How do we dis­cov­er the right ques­tions? They meet these cri­te­ria:

  • They con­sid­er you and oth­ers
  • They are not by nature trans­ac­tion­al
  • They refo­cus your atten­tion on a high­er pur­pose or vision
  • They cause you to pause in your think­ing

The Pros­per­i­ty Expe­ri­ence® is our unique wealth man­age­ment process designed to assist indi­vid­u­als with ask­ing the right ques­tions. 

Our Pros­per­i­ty, INC® ser­vices assist busi­ness own­ers in the same regard.

We look for­ward to help­ing you achieve your pros­per­i­ty poten­tial, in your life and in your busi­ness.

Watch for con­tin­u­ing newslet­ters on all the new tax acts, and call us with your ques­tions.