by Jac M. Arbour CFP®, ChFC®
President, J.M. Arbour Wealth Management
It’s an interesting business that I’m in and there is an interesting perspective amongst the public about what we do as wealth managers. Most people think our careers have to do only with money. The truth is, our duties stretch far beyond the realm of money; at least here at J.M. Arbour they do.
Yes, we manage money. However, we also swim in the sea of human hopes, desires and goals, both short and long term. We experience various family dynamics, legal structures, life altering events, and the unforeseen. We experience weddings, divorces, babies being born, businesses rising and falling, and people at all mile markers on the journey of life.
There are many forms of wealth: I believe happiness ranks at the top of the list. Intelligence, musical ability, athleticism, artistic creativity, and ingenuity are some other examples. Health, in my book, most certainly makes the cut as well.
As a wealth manager, a person’s mental and physical well being are important to me. I ask myself, “what is the purpose of building monetary wealth (or helping a person do it) if the person who owns the wealth is not here to enjoy it or is not deriving happiness from it in some way?” I can’t think of any sold answers.
Health is a state of physical, mental, and social well being in which disease and infirmity are absent. What are you doing while building your career, while raising your family, while being a spouse or significant other, to take care of you and your health? When is the last time you scheduled time for you to realign with what brings you independent joy? For some people, the answer is, “too long ago.”
As a wealth manager, I hear about the most personal details of people lives as the human veil comes down behind closed doors and trust paves the way for open conversation. I am 35, but over the course of the past 13 years, I have conversed with over 2,500 individuals or couples, all being over the age of 60. All of them, each having their own views on life, and more life experience than myself, have shared where “wealth” for them truly lies. It is always in a feeling, and one rooted in happiness.
Here is what I promise: When you strive for happiness, the rest falls into place, including wealth in different forms.
See you all next month.
Jac Arbour CFP®, ChFC®
Jac Arbour is the President of J.M. Arbour Wealth Management. He can be reached at 207-248-6767.
Investment advisory services are offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.
Responsible journalism is hard work!
It is also expensive!
If you enjoy reading The Town Line and the good news we bring you each week, would you consider a donation to help us continue the work we’re doing?
The Town Line is a 501(c)(3) nonprofit private foundation, and all donations are tax deductible under the Internal Revenue Service code.
To help, please visit our online donation page or mail a check payable to The Town Line, PO Box 89, South China, ME 04358. Your contribution is appreciated!
- THE MONEY MINUTE: As goes Maine…away goes hunger
- THE MONEY MINUTE: The power of a smile and a wave
- THE MONEY MINUTE: How your retirement account can feed hungry kids in Maine and provide scholarships to trade school students
- THE MONEY MINUTE: Nine considerations for your 401(k) rollover
- THE MONEY MINUTE: A dose of positivity goes a long way
- THE MONEY MINUTE: Ever felt financially naked?
- THE MONEY MINUTE: Own a retirement account? Get a load of this…
- THE MONEY MINUTE – Pensions: Do I take the lump sum or monthly payment?
- THE MONEY MINUTE – Christmas gift idea: give them an experience
- THE MONEY MINUTE: Enjoy every age, they’re all good