My two oldest sons started school yesterday. Third grade and pre-K. During this back-to-school season, I can’t help but think how summer is coming to an end. Before you know it, we’ll see leaves changing color. Jackets and campfires will replace swimsuits and water balloon fights. We’ll cheer on the sidelines as our kids play soccer, not baseball.
My Goals Earlier This Year
Maybe my post in January 2017 inspired you to set some goals for the year. This is the perfect time to re-assess them. Here’s an honest review of my goals:
1. I’m happy to say that the revenue goal for my other business, SV CPA Services, has already been met this year and we’re only in August!
2. I’m on track to meet the revenue and new client goal for WorthyNest by year-end.
3. Physical fitness: I’ve consistently walked or jogged at least four days weekly, averaging 30 minutes each day.
4. Family: We enrolled in a family centered online community called Thrive and scheduled one-on-one “dates” with our children.
5. Bryan and I strengthened our marriage by attending Choice Wine through our parish. This multi-week live event discussed 7 Steps to a Superabundant Marriage.
Where I’ve Fallen Short
Despite the successes, there are still some areas where I’ve fallen short:
1. Online courses: I promised to launch the first online course for WorthyNest by April but revised the goal and am doing everything in my power to make it happen by the end of September.
2. Recreation: I intended to go paddle-boarding at least four times this summer but haven’t gone once.
Five out of seven isn’t too shabby, right? There are two major surprises that curtailed my goals: increased demand in accounting services and a major health scare with my mother.
My accounting firm just celebrated it's three-year anniversary. Given that a third of new businesses fail within the first two years, a longer history of open doors means more staying power. I’ve also cultivated a strong professional network, immersed myself in the entrepreneur community, and redesigned the company website. These items have all played a role in the growth of SV CPA Services. Business growth has its challenges, of course, but I’m grateful for the opportunity to serve even more clients and expand my company’s team.
This unexpected growth in SV CPA Services caused me to “switch gears” and put WorthyNest online course content creation on hold, albeit temporarily.
The other big change that I couldn’t possibly have seen coming relates to my 65-year-old mom. She and I share a special bond and I’ve always looked up to her as a role model. She and my dad were visiting my family in St. Louis in June when her heart started racing uncontrollably. Medications and a cardioversion didn’t help. She developed an acute liver injury and required transport to a more specialized hospital. She spent nine days of the St. Louis visit confined to a hospital bed and thought the worst was behind her. When she returned home to Florida in July, she was back in the hospital again. This time, a more advanced procedure and a two-day stay in the cardiac ICU. Thankfully, through God’s grace, she is alive and recovering. Her heart rate is controlled by medication, and her cardiologist remains hopeful that she’ll live a “normal” life once again. So instead of paddle-boarding this summer, I spent many days in the hospital by my mother’s side. And I wouldn’t have it any other way.
We Don’t Have a Crystal Ball
Truthfully, none of us knows what the future holds. That doesn’t give us permission to stop dreaming and setting new goals.
You could inherit money unexpectedly. Your spouse could wake up one day and say “I’m going through a mid-life crisis.” Your child could be diagnosed with a serious illness. In any of these situations, hope endures. Faith helps us move past the struggle.
Or, the change may be positive: you welcome a new child into your home. You win the lottery. Your business doubles its profit.
When I talk about financial planning as a process, I mean it. The goals you defined earlier this year may not be relevant anymore. And that’s OK. In fact, it’s encouraged! NOW is the time for reassessment.
I don’t ask for favors often, but today is the day. Take a deep breath, close your eyes for a few minutes, and clear your mind. What are your goals through the end of this year? Where do you want to be one year from now? Hold onto that vision and write it down (or draw it). Let me know if you need any help bringing that vision to life. I’m here for you.
Deb Meyer, CPA, CFP®