by Ann Zuraw | Featured Contributor
Since many of you are entrepreneurs with your own businesses,–you probably work hard all the time. However, your profit and loss statement is not the definition of your success. As you can see in the financial life infographic—your assets cover much more: family, house, retirement, legal, investment experience, job/career, community/network, attitude, education and health. When we define wealth, we usually want to know a person’s net worth in terms of assets minus liabilities. But how do you define assets and liabilities? It’s not how much money you make, but how are you living your best life with the money you have. There are many factors to consider.
Take into account all the components to achieve the best quality of life when making financial decisions. When any of these financial life factors are disappointing or not where you expected, it can affect your total well-being. Be careful not just to measure the dollar value of your assets.
- Sustain a healthy lifestyle and the desire to invest the time and energy needed to improve health, i.e. healthy diet, exercise and regular exams.
- Being content with where you live, and having the financial means to continue to live the lifestyle you enjoy without being financially fearful.
- Maintain healthy relationships with family, friends, and community. Utilize all the resources available and give back to the community, all this leads to a sense of well-being.
- Lifelong learning builds on human capital. You are your most valuable asset. Improving your skills can enhance your earning potential.
- Appreciation for self and value the contributions you make to the world whether it is through your own business, family and/or community.
- Be mindful of your finances, when you live within your means while saving as much as possible and spending wisely you give yourself the freedom to have a happy, healthy life that includes options.
Being “wealthy” is not just about having lots of money, it’s about being satisfied with the life you are living and the continued effort to expand upon your success.
Ann Zuraw, Founder, and Fearless Leader/President of Zuraw Financial Advisors, a financial planning and investment management firm based in Greensboro, North Carolina serving families in all stages of life.
“Never Give Up, and it is Never Too Late to Learn.” —this is Ann Zuraw’s (AZ) mantra.
Our goal at ZFA is to encourage women to take responsibility for their finances. As a Chartered Financial Analyst, CFA ®, Certified Financial Planner, CFP ® and MBA- and entrepreneur, Ann built www.ZurawFinancialAdvisors.com as a Registered Investment Advisor with assets under management of $190 million.
Ann served for 25 years as the only female on the board of her family’s real estate company. She witnessed firsthand the difficulties of running and expanding a business, along with the hardships of balancing family dynamics through economic ups and downs. At ZFA we believe that everyone can and should understand their finances and investment opportunities whether you have $5000 or $5 million.
Ann utilizes her blog www.ChicksChatandChange.com to educate women about improving their financial life whether dealing with aging parents, kids, partners or just controlling their spending.
Born in New Orleans and currently living in Greensboro, North Carolina, Ann lived in NYC, San Francisco & Oakland, and Sioux Falls, South Dakota. My family includes 3 young adult kids who like it or not are always learning about money and—2 English Bulldogs who refuse to listen…