Are you a high-net-worth investor, or do you plan to be?
Instead of being told how it’s going to be, how about a dialogue?
Instead of an order taker, how about a partner?
If any of that sounds good, you might be a good fit for Sally J. Boyle Wealth Planning.
And what about this: Are you a high-net-worth individual who doesn’t realize it?
That sounds like an odd question, but it happens.
The definition of a high-net-worth individual (or HNWI) is someone who has at least a million dollars of investable assets.
For many people, between their existing investments, their 401K and the equity in their home, they may be at or near HNWI.
Add to that any coming legacies, like an inheritance or a trust fund, and HNWI status could be on the horizon.
Some folks are finding their parents bestowing legacies today, while they’re still alive. This means that adult children who never considered themselves part of the investor class suddenly need to re-evaluate.
If you want to talk about your present or future status as a member of the HNWI club, I’m happy to have a conversation with you.
Where Are You In Your Journey?
Inheritance. A windfall. Sale of a home or a business. Divorce. There are all kinds of reasons that your wealth picture can suddenly change. It’s important that your wealth planner helps you account for life as it happens.
Sometimes, the challenges are almost existential. More than once, a client has come to me with a mid-life crisis. Talking about how to adapt and thrive helps provide an optimistic outlook by attenuating the plan.
Other times, a life change like divorce can get in the way. One client said, "Working on wealth planning got me out of my catatonic state.”
Action often leads to optimism. Sitting and stewing is not a plan. Neither is hoping it all works out. And while taking the bull by the horns might seem daunting, sometimes it makes life fresh and exciting and full of possibilities.
You also never know when good news is going to alter the plan for even stronger outcomes. We live in an age of exhilarating potential. Young professionals put sweat equity into tech startups and see enormous payouts. Real estate investors opt for a life change after liquidating property. Windfalls happen—but taking advantage of their full potential requires accounting for them in the wealth plan.
How is your life change affecting your wealth planning? And how is your wealth planning affecting you? One way to find out is to talk about it.