Weal-th

By Kenneth Klabunde on March 15, 2019

I talk a lot about the nuances of building wealth and preserving wealth from the perspectives of both investment management and personal financial management. But I want to take a step back and define what exactly we are building and preserving. What do we mean when we talk about wealth?

“Wealth is what happens when you live the life you want with the resources you have. Financial Planning is how you get there.”

“Wealth” comes from the Old English words “weal” (well-being) and “th” (condition). In other words, it’s the condition of well-being — something far greater than just money and personal economics.

Today, when most people think of “wealth”, they think of money. But I love reconnecting it with the original meaning, allowing for a much more expansive vision of what we want our lives to be, and how we’ll use money to support our pursuit of real wealth.

For some, wealth does mean money. For others, it’s time with family, travel, or simply a slow cup of coffee every morning.

Ultimately, the meaning of wealth is up to you. And we’re here to work alongside you to help build and preserve “weal-th” according to your definition.

“To want what you already have and to live the life you’ve already been given.”  — Chinese secret to happiness, according to Mark Anielski

By Kenneth Klabunde on April 3, 2020

The succinct summary of our planning conversations, covering your current situation, the next actions to take, and the things that will lead us to reassess — giving you a custom roadmap to the things you can be doing right now to respond to the changes happening around us, and in your life directly.

By Kenneth Klabunde on August 27, 2021

Precedent Financial Strategies is proud to announce its continued compliance with the CFA Institute Asset Manager Code. Aligned with Precedent’s values, the Asset Manager Code clearly outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients.

By Kenneth Klabunde on March 26, 2020

It’s important to remember that the markets do not necessarily describe the current economy; and the economic numbers don’t describe the daily struggle that some are feeling right now.

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