The Master Heron | Series 8.8

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Welcome to the Enjoy More 30s Family Finance

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podcast. The only podcast dedicated to making life more

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enjoyable for young families by hitting on the financial topics

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that tend to weigh on us, stress us out, and distract our focus

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from simply enjoying life.

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Hello, and welcome once again. Thanks for joining

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me today on the Enjoy More 30s Family Finance podcast and our

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series, The Financial Parables of Your Life. As you are

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probably now accustomed to each week, I'm sharing what may

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likely be a somewhat altered version of story that you're

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already familiar with. Working in kind of a financial twist to

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the familiar because stories are easier to remember than me

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badgering on about something or other to do with money. So

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hopefully these stories have a better chance of staying in your

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mind and staying with you day to day so that you can take some

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positive steps forward. As always, before I begin, please

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share and like please leave reviews. I'd love to reach and

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help as many young families out there that are just like you.

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So today please join me for our story, The Master Heron. A heron

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was walking sedately along the banks of a stream, his eyes on

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the clear water and his long neck and pointed bill ready to

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snap up a likely morsel for his breakfast. The clear waters

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swarmed with fish, but master heron was hard to please. "No

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small fry for me", he said, "such scanty fare is not fit for

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a heron." Now a fine young perch swam near. "No indeed", said the

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Heron, "I wouldn't even trouble to open my beak for anything

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like that." As the sun rose, the fish left the shallow water near

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the shore, and swam below into the cool depths towards the

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middle. The Heron saw no more fish and very glad was he last

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at breakfast on a very tiny snail.

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Too many times waiting for the perfect scenario can very much

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get in the way of making any progress at all. We wait, we

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hold out, "if this could just happen, then then I would be

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ready." Now right now today is almost always better than

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perfect. This comes up countless times when I'm working with

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families. The biggest time is just reaching out in the first

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place to making the call. Making that first contact. I'll hear a

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lot of "you know, I wanted to save up more before I reached

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out. I didn't know if I had enough yet to speak to you, you

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know, you probably have much bigger clients." So the question

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I always ask is "How do you think those clients got to be

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bigger?" With help, right? It's a catch 22 that we think that

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you know, we need to have some massive amount to have some help

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from an advisor, somebody else out there yet most people that

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you would say, "hey, they're doing really well, they have a

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lot built up". They probably had help, they probably reached out

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to somebody in the first place. And it comes up with other

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things too, like life insurance. "Well, yeah, I'm not at my ideal

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health right now. So I'll just wait a little bit until I get

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there." In the meantime, though, your family is severely exposed,

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severely under insured, unprotected, and this mentality

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from what I can see or have seen in my job can last many years.

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So get out there, get the policy now and then when you get in

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better health, go get a new one to replace it. Easy peasy.

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Saving towards yourself can be another common example. I just

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want to buy this or that first, then then I'll really start to

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save I'm still young, right? I have time. Well, you put it off

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for a year and then two years and it could be a few $100,000

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less you have now for retirement because this money has 30 to 40

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years to be growing and building off of itself. $1,000 today is

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not $1,000 40 years from now, it's a lot more. So overall,

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don't wait to be perfect. There's never going to be a

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perfect time because action today means that you're probably

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a little less likely to be eating that snail down the road.

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Thanks for tuning in today and join us for next week's story,

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The Fisherman and the Little Fish. Yes. So some more fish

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back to back fish but you know Aesop loved his seafood

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analogies. So what can I tell you? I hope you've enjoyed

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today's story. Please remember to review and share for others.

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And if you need any help, don't hesitate in reaching out. I

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probably have helped someone just like you. Until next week.

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Thanks for joining me today and I look forward to connecting

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with you again soon.

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The conversations on this show are

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Joe's opinions and provided for general information purposes

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only. They do not constitute accounting, legal, tax, or other

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professional advice for your specific situation. You should

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always seek appropriate advice from a financial advisor,

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accountant, lawyer, or other professional before acting upon

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any content or information found here first. Joe is affiliated

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with New Horizons Wealth Management LLC, a branch office

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of TFS Securities, Inc., and TFS Advisory Services an SEC

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Registered Investment Advisor, Member FINRA/SIPC.