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  3. August 2018

August 2018

The Secret Recipe for Laziness

Submitted by Sound Financial Planning, Inc on August 14th, 2018

For many people, laziness is not a virtue; it is something that has to be overcome with daily habits and willpower. But what about the driven Type A personality who has been told by his/her doctor that the current lifestyle will almost certainly lead to a premature death? How can those people cultivate a more balanced existence, by letting a little laziness into their lives?

Psychologist Sandi Mann, author of The Upside of Downtime, and Jaye Derrick, assistant professor of psychology at the University of Houston, offer some tips to the more driven among us in a recent blog post. Their first insight is that many anxious perfectionists and overachievers don’t do well with downtime because they can’t manage to think of it as time well-spent. The solution? Put downtime on your schedule, and recognize that relaxing can improve productivity and performance. Basically, that means reframing your lazy time as work.

Tags:
  • balance
  • health
  • productivity
  • Read more

Sound Financial Planning Quarterly Newsletter: Summer 2018

Submitted by Sound Financial Planning, Inc on August 10th, 2018

It has been a busy time at Sound Financial Planning and we wanted to share some updates with you. 

Whealthcare Planning - This is a financial caretaking tool that provides proactive aging strategies for preventing financial abuse and preparing clients for the transition of financial decision-making authority. It is important to understand that people age different, at different times, in different ways. Some of that aging process can be unpredictable, so planning and being prepared is important. We are excited to share with you this new tool that addresses the specific types of concerns that people face as they get older regarding their wealth and their health. It offers information on:

  • Dealing with living transitions
  • Topics on various possible health events
  • Other financial issues associated with aging and longevity
  • Read more

The Growth Spike

Submitted by Sound Financial Planning, Inc on August 7th, 2018

Recent reports about the U.S. economy were a case of good news and bad news. The good news is that, in the second three months of the year, the U.S. economy grew at an estimated 4.1%—better than the 2.2% growth posted during 2018’s first quarter. The 4.1% figure is subject to revision as economists refine the numbers, but a 4% growth rate, if sustained through a period of years, would greatly bolster the wealth of all Americans.

The bad news is that the economy will almost certainly not sustain this growth rate. And despite what you are hearing from political pundits, there is also nothing remarkable about a single quarter’s 4.1% GDP increase.  The economy exceeded last quarter’s level four times during the Obama presidency, in 2009, 2011 and twice in 2014. 4.1% growth would have been considered alarmingly slow during the Reagan presidency.

Tags:
  • growth
  • US Economy
  • Read more

Healthcare Costs

Submitted by Sound Financial Planning, Inc on August 1st, 2018

The Alarming Truth About American Healthcare Costs

In all the debate over how or whether we need affordable care, state registries, guaranteed coverage despite pre-existing conditions etc. etc., few Americans realize that our U.S. healthcare system has been totally out of control, cost-wise, for decades. A recent study by the Kaiser Foundation found that virtually every developed nation has some form of universal healthcare, and their citizens pay much lower prices for healthcare, overall and for individual procedures and drugs. It found that the average American spends more than $10,000 a year for health expenditures, by far the highest in the world, which comes to fully 18% of total GDP. 

Tags:
  • affordable
  • costs
  • Healthcare
  • Read more

Recent Blog Posts

  • The Power of Purpose
  • Perfect Pundit Interview
  • Bill Presented with the Albert Nelson Marquis Lifetime Achievement Award

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Bill and Tammy are both CERTIFIED FINANCIAL PLANNER® professionalsBill Morrissey and Tammy Prouty are NAPFA-Registered Financial Advisors

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