tag:blogger.com,1999:blog-84276911534457706692024-02-08T09:36:21.015-08:00Healing Financial AnxietyJim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.comBlogger219125tag:blogger.com,1999:blog-8427691153445770669.post-76068504336595702242023-05-25T22:19:00.000-07:002023-05-25T22:19:23.035-07:00Finding Oneself in Torah: Enough Insatiable?<p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Finding Oneself in Torah #5 Enough Insatiable?</span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> <br /></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">If one has a 100, he
wants to convert it into 200;</span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">If 200, he wants to
convert it into 400</span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Midrash Rabbah, Ecclesiastes 1:13</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">And yet…</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Mine is the silver;</span></i></p><p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Mine is the gold</span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Ethics of the Fathers 6:9</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Shaddai means in Hebrew:</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">God, God Almighty, God All Sufficient, <i style="mso-bidi-font-style: normal;">Enough</i></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"></span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">ENOUGH (sm) </span></i><span style="font-family: "Bookman Old Style";">Jewish Personal Financial Planning: <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><u>aligning
meaning with means - the soul of the matter</u></i></b>, spiritualizing the
material materializing the spiritual to count…healing & managing personal
financial anxiety, puttin’ money in its place to transcend elevate connect and
align to one’s <i style="mso-bidi-font-style: normal;">assignment/significance -</i>what
one is meant to do, meant to be -enough to live on,<span style="mso-spacerun: yes;"> </span>Enough to live for --the soul of the matter ©</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Otherwise, where is there ‘more’?</span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">In the World to Come (Olam Haba --- The
Hidden That Awaits?)</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> The currency of exchange (shalom) there:
authentic character</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">CHEWish
On This©:</span></b></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">When You
Are ‘STUFFED’</span></b><span style="font-family: "Bookman Old Style";"></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p></p>Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-63875569356002679272022-09-16T15:12:00.001-07:002022-09-16T15:12:40.512-07:00MA (MOREons Anonymous)<p> <!--[if gte mso 9]><xml>
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</p><p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">MA (MOREons Anonymous) ©jim schwartz<br /></span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">The 12 Understandings,
Recognitions, Acknowledgments & Affirmations </span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"><br /></span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">Hi. I’m ______________,
I’m A MOREon.</span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">(Audience response, Hi
______________, MOREon</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I admit we I am dominated &
powerless over MORE in my life </span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I have sought Im-MORE-ality thru More</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I now recognize More, Better, Now!!
(damn it) becomes Less, Worse Later and that’s the LESS-on</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">4.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">MORE derives from my feeling of not
enough - and therefore I’m LACK-tose intolerance</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">5.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I acknowledge that perceived LACK is
the present, More is the future, as Now is not enough for myself as a MOREon</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">6.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I know now that MORE is an extra
material affair</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">7.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I recognize MORE is the ideology of a
cancer cell as Edward Abbey said.</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">8.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I realize that MORE, MORE, MORE leads
to MORE Musterbation</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">9.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I have come to understand<span style="mso-spacerun: yes;"> </span>e.e. cummings rhetorical question, ‘More,
More, More, what are we all morticians?’ that <span style="mso-spacerun: yes;"> </span>often leads to the MORE-tuary prematurely</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">10.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>Without question I accept that More, More,
More is Sisyphusian</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">11.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>I
admit More, More, More for more’s sake is an a-MORE-al (not a moral inventory
for valuation of myself).</span></p>
<p style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="mso-list: Ignore;">12.<span style="font: 7.0pt "Times New Roman";"> </span></span><span style="font-family: "Bookman Old Style";">I seek a MORE-atorium from MORE, to
recognize ‘good’ enough materially and acknowledge Shaddai in Hebrew ‘Enough’
as The Enough! </span></p>
<p align="center" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Thus,
In Shaddai not More, I trust</span></p>
<p><span style="font-family: "Bookman Old Style";">Baker’s Dozen + 1 ---Note for Personal Financial Planners<br /></span></p>
<p style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">13.-
I recognize that personal financial planners’ compensation based on a<span style="mso-spacerun: yes;"> </span>percentage of assets under management is
counter to, anathema to abhorrent to Enough and just enabling MOREonic behavior</span></p><p style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">14 - Personal financial planners manage goals - MOREon financial advisors disguised as personal financial planners manage assets - for MORE too often at the expense of goals (enough!) especially of they are compensated on the basis of a % of assets under management<br /></span></p>
<p></p>Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-42550026455113155352022-09-15T12:29:00.001-07:002022-09-15T12:29:38.622-07:00"Good" Enough<p> <!--[if gte mso 9]><xml>
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</p><p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span class="hgkelc"><span lang="EN" style="font-family: "Bookman Old Style"; mso-ansi-language: EN;">‘Good’ Enough </span></span><span style="color: #26282a; font-family: "Bookman Old Style";"></span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";">Stipulating:</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";">On the first 5 days of
creation, Hashem graded each day as ‘good,’ on the 6<sup>th</sup> day, He rated
that day ‘very good,’ and on the 7<sup>th</sup> day God rested (no rating on
that day).</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";">Relative to my father’s
place of birth (Girard Ave ((aka “Stinkard Ave”)) area in Philly) in reference
to my mom’s hometown of Indiana, Pa sarcastically, Dad would say to Mom: “what
do you want from a balagola<span style="mso-spacerun: yes;"> </span>from
Stinkard Ave, I’m not from the </span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style"; font-size: 16.0pt;">the best, the finest</span></i></b><span style="color: #26282a; font-family: "Bookman Old Style";"> The Garden Spot of The
World, Indiana Pa.”</span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style"; font-size: 16.0pt;"></span></i></b></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Working with very successful clients (no sarcasm intended) who
were typically ‘the best, the finest” in their businesses in my then <i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm) fee only personal financial
planning practice, there was often problem usually realized but diverted,
delayed, put on hold: ‘what next’ after their business, practice, ball playing
days.</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>In going through the <i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm)
aligning meaning with means process - the inevitable question became
transitioning to ‘what next’ when the time comes. And rather ‘I’m gonna die
with my boots on’ or <span style="mso-spacerun: yes;"> </span>just going ‘cold
turkey’ from one day to next, to that end, we examined their ‘some day things.’
(see The Soul Resume - After Life Insurance: Remember Me in the forthcoming
Judaism On Purpose™ Homecoming Edition)</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>One of the problems of ‘what next - and making a difference’
for <span style="mso-spacerun: yes;"> </span>- those very successful ‘the best,
the finest’ stars is their next endeavor as these type A+ overachievers <span style="mso-spacerun: yes;"> </span>want to be stars in their next <span style="mso-spacerun: yes;"> </span>episode…… in 20 minutes (forgetting the 20+
years it may have taken them to be the success they are in their current
vocation.)</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Therefore, they needed ‘<i style="mso-bidi-font-style: normal;">permission
to not be good’</i> at their ‘what next, someday thing, episode giving them
leeway without having to be ‘the best, the brightest the finest’ so they could ‘test
it out.’ (Note in Hebrew the word for ‘test’ nes is the same word for ‘test.’
And for some to test - when not the best, and finest already - was sometimes ‘a
miracle.’)</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>The client (especially those ‘50’s +) with some reservations
initially agreed to each week on the same day the same afternoon to try out -
learn about - their someday thing, what next, their next episode - ‘with -
again - permission to not having to be good at it.’ There was no - ‘I’ll do it
once a week, when I have time’ or what I called ‘left over time.’</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>More -so than not - this permission approach worked -
however, in one case where it did not work I got a call from a spouse, ‘he
needs to go back to work. He’s driving me nuts. He even put my spices in
alphabetical order.’</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";">‘It’s such a relief not to have to be good,’ </span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";">said a confessed horrible surfer of 20 years</span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">Wall Street Journal,
‘Failure Is An Option In Some Cases’ 09/12/22</span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>We’re never enough is the messages that bombard us hourly,
daily, monthly year after year. And so, what’s enough? More or as JP Morgan
once defined enough ‘just a little more.’</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Advertising be it on TV, web, billboard etc indicate we are
deficient - not enough - but that can be remedied if we just bought this one product
(i.e. Clearasil™ or service (i.e. Botox or ER solutions).</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>And so imbedded, reinforced, acculturated & bombarding
is a sense of inadequacy - not enoughness.</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Ironically, it is spiritually (otherwise, why are we here?)-
where we are ‘not enough’ as only, God is ENOUGH - ‘The ENOUGH.’ And one of
God’s names in Hebrew is Shaddai meaning ‘God almighty, God all sufficient,
Enough.)</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Thus, while wee cannot be ENOUGH as only God is Shaddai- <span style="mso-spacerun: yes;"> </span>but we can be ‘<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">good enough’</i></b> continuing
to complete the incompletions of our soul spiritualizing the material
materializing the spiritual in this life.</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";">Connect both worlds - the spiritual and the material</span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">Reb Simcha Bunim
1765-1827</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";">The Almighty has let His work unfinished so that man can
continue it, striving toward completion; in doing so, man becomes a partner
with the Almighty in the Divine task of creation….</span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";">So, too, man is not created complete</span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">Ethics From Sinai, by
Rabbi Irving M. Bunim, 1963, p121 </span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">(on Perek II, Mishnah 1)</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Yet, our perceived deficiency, defectiveness, inadequacy
& lack (rather than assignment to continue to complete the incompletions of
our soul) <i style="mso-bidi-font-style: normal;">seeks more at the expense of
good enough</i>. (If anything, the concept of ‘enough’ has become association
with settling and being ‘resigned to.’ Worse in accepting enough, we are merely
adequate - mediocre - average (such that one could not even inhabit or be
welcomed in </span><span class="hgkelc"><span lang="EN" style="font-family: "Bookman Old Style"; mso-ansi-language: EN;">Lake</span></span><span class="hgkelc"><span lang="EN" style="font-family: "Bookman Old Style"; mso-ansi-language: EN;"> Wobegon</span></span><span class="hgkelc"><span lang="EN" style="font-family: "Bookman Old Style"; mso-ansi-language: EN;">
"where <span style="mso-bidi-font-weight: bold;">all the women are strong,
all the men are good-looking, and all the children are above average</span></span></span><span class="hgkelc"><span lang="EN" style="mso-ansi-language: EN; mso-bidi-font-weight: bold;">.”)</span></span><span lang="EN" style="color: #26282a; font-family: "Bookman Old Style";"> </span><span style="color: #26282a; font-family: "Bookman Old Style";"></span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";">Identifying his body as
himself - and fearing its extinction, man’s primary strategy for
‘im-MORE-tality is acquisition (which in Hebrew is Cain as in Cain and Able).
The main derivative tributary of Acquisition: - more, more, more - and thus there
is never enough let alone ‘good enough.’</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>And so there is driven LACKose intolerance force (seeking
im-MORE-tality) via acquisition & it’s more, more, more overwhelming &
dismissing ‘good enough.’</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";">Man has a will to meaning</span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">Viktor Frankel</span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Even when there is ‘the someday thing,’ the ‘what next,’ or
better yet ‘meaning’ (as presented often as ‘making a difference’) - the
someday thing, the what next, and or meaning are typically confronted by one’s
inner harsh self inflicted grader imploring ‘be effective, Now!’ causing <span style="mso-spacerun: yes;"> </span>not of not enoughness.</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>The lack of effectiveness (up to one’s standards -
immediately) or even if effective condemning oneself for not being efficient - causing
a recycling to more because one is insufficient.</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></i></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";">Wheat must be ground and mustard must be seasoned</span></i></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></i></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>The first five days of creation weren’t finished - Hashem’s
creation was good for man to continue to complete. In the same manner Good Enough
isn’t complete - but rather subject to developing & refining - to continue
to complete & to accept Good Enough rather than be on the never ending MOREon
hamster treadmill of ‘more, more, more’ which is never enough without parole
from one’s internal Warden.</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span></span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Again, after each of the first five days of creation, Hashem’s
assessment was ‘it was good.’ And the sixth day was judged to be ‘very good.’
But none of the 6 days were considered finished let alone graded a A or A+
though Hashem’s creation was completed. <span style="mso-spacerun: yes;"> </span>Man’s
work, INside out and Outside IN, is, in junior partnership to develop and enhance
Hashem’s creation via fabricating, assembling and transforming- not for more,
more, more - but ‘good enough’ for Shaddai - ‘The’ ENOUGH.</span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"> </span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span class="hgkelc"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Bookman Old Style"; font-size: 16.0pt; mso-ansi-language: EN;">CHEWish
On This©</span></b></span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span class="hgkelc"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="font-family: "Bookman Old Style"; font-size: 14.0pt; mso-ansi-language: EN;">‘Good
Enough’ </span></b></span></p>
<p></p>Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-461933086747840932022-07-04T21:17:00.000-07:002022-07-04T21:17:13.545-07:00Aligning Meaning With Means II - Specifications<p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Aligning Meaning with Means:<span style="mso-spacerun: yes;"> </span>Means Specificiations</span></p>
<p align="center" class="MsoNormal" style="margin-left: .25in; text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";">I.-
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">INside
Out Orientation vs Outside In Heuristic</i></b> <br /></span></p>
<p class="MsoNormal" style="margin-left: .25in; mso-list: l0 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Aligning
Meaning with Means vs Aligning Means with Meaning</span></p>
<p class="MsoNormal" style="margin-left: .25in; mso-list: l0 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Enough
vs More</span></p>
<p class="MsoNormal" style="margin-left: .25in; mso-list: l0 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Fear:
Outliving Money</span></p>
<p class="MsoNormal" style="margin-left: .25in; mso-list: l0 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Adaptability
& Resourcefulness on the Balance Sheet</span></p>
<p class="MsoNormal" style="margin-left: .75in; text-align: justify;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";">II.-
Give I - <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">Retrofitting Each Prioritized Goal</i></b> - Living, Contingent, & </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>Upon Passing (Graduating) <br /></span></p>
<ol start="1" style="margin-top: 0in;" type="1"><li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Meeting
cash requirements (gottas not oughtas or shoulds) fundamental present
daily living needs rather than wants - for preferably a 18 month period
(the average time of a bear market so one doesn’t get the yipes)</span></li></ol>
<p class="MsoNormal" style="margin-left: .25in; text-align: justify;"><span style="font-family: "Bookman Old Style";"> </span><span style="font-family: "Bookman Old Style";">2 -After
#1 Aligning meaning with means rather than means with meaning in priority <br /></span></p>
<ol start="3" style="margin-top: 0in;" type="1"><li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">after
#1 &#2 the prioritized goals, goal parameters (ground rules) and risk
capacity (% or amount of downside willing to take)</span><span style="font-family: "Bookman Old Style";"> <br /></span></li></ol>
<ol start="4" style="margin-top: 0in;" type="1"><li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">goal
specification (living)</span><span style="font-family: "Bookman Old Style";"> <br /></span></li></ol>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l3 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">-<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">amount,
</span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l3 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">-<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">duration
</span></p>
<p class="MsoNormal" style="margin-left: .5in; mso-list: l3 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">-<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">assumed
</span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l3 level2 lfo1; tab-stops: list 1.5in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">after tax return, start finish), <span style="mso-tab-count: 1;"> </span></span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l3 level2 lfo1; tab-stops: list 1.5in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">risk capacity (% probability, %
probability adjustment), </span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l3 level2 lfo1; tab-stops: list 1.5in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">3.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">guard rail criteria - Jonathan Guyton</span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l3 level3 lfo1; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">initial
5%</span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l3 level3 lfo1; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">adjust
annually for inflation</span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l3 level3 lfo1; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">prosperity
rule - when withdrawals are 4% of less of accumulation increase 10%</span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l3 level3 lfo1; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">capital
preservation rule - when withdrawals of accumulation are 6% take a 10% cut in
withdrawal</span></p>
<p class="MsoNormal" style="margin-left: .25in; text-align: justify;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;"><span> </span><span> </span><span> </span><span> </span>4<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">attainment/adjustment: at levels + or -
(funded or unfunded <br /></span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l3 level3 lfo1; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">of
liquid income producing, </span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l3 level3 lfo1; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">liquid
non income producing, </span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l3 level3 lfo1; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;"><span style="mso-list: Ignore;">§<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">illiquid
income producing, illiquid </span></p>
<p class="MsoNormal" style="margin-left: 1.75in; text-align: justify;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">-<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">((note
for income adequacy for spouse, income replacement upon disability -
contingency assets (((insurance))) are added). <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">-<span style="font: 7.0pt "Times New Roman";">
</span></span></span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">CONSEQUENCE OF DOING NOTHING <br /></span></i></p>
<ol start="5" style="margin-top: 0in;" type="1"><li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Investment
Policy -</span><span style="font-family: "Bookman Old Style";"> <br /></span></li></ol>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l4 level1 lfo4; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">for
asset accumulation goals i.e. education, financial independence ((via passive
assets prior to retirement),</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l4 level1 lfo4; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">retirement
(through go go, slow go, and no go years) - </span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l4 level2 lfo4; tab-stops: list 1.5in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Courier New"; mso-fareast-font-family: "Courier New";"><span style="mso-list: Ignore;">o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">again
subject to an 18 month period of cash living expenses (the average time of a
bear market so one doesn’t get the yipes)</span></p>
<p class="MsoNormal" style="margin-left: .25in; text-align: justify;"><span style="font-family: "Courier New"; mso-fareast-font-family: "Courier New";"><span style="mso-list: Ignore;"><span> </span><span> </span><span> </span>o<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Longevity
Assumption <br /></span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l1 level3 lfo2; mso-text-indent-alt: -9.0pt; tab-stops: list 1.5in; text-align: justify; text-indent: -1.5in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";">
</span>i.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Puttin’
It In vs Taking It Out</span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l1 level3 lfo2; mso-text-indent-alt: -9.0pt; tab-stops: list 1.5in; text-align: justify; text-indent: -1.5in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";">
</span>ii.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Safety
versus Returns relative to what is necessary for the goals</span></p>
<p class="MsoNormal" style="margin-left: 99.0pt; text-align: justify;"><span style="font-family: "Bookman Old Style";"></span></p>
<ol start="6" style="margin-top: 0in;" type="1"><li class="MsoNormal" style="mso-list: l1 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">goal
specification contingent events </span></li></ol>
<p class="MsoNormal" style="margin-left: .25in; text-align: justify;"><span style="font-family: "Bookman Old Style";"> </span><span style="font-family: "Bookman Old Style";"><span> </span><span> </span>Income
Replacement due to Disability</span></p><ol start="6" style="margin-top: 0in;" type="1"><ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="mso-list: l1 level2 lfo2; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Capital
replacement due to capital impairment</span></li><li class="MsoNormal" style="mso-list: l1 level2 lfo2; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Income
Adequacy for Heirs (spouse)</span></li></ul></ol>
<p class="MsoNormal" style="margin-left: 1.25in; mso-list: l2 level1 lfo5; tab-stops: list 1.25in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">Longevity Assumption</span></p>
<ol start="6" style="margin-top: 0in;" type="1"><ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="mso-list: l1 level2 lfo2; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Asset
Conservation upon Passing Graduation</span></li></ul></ol>
<p class="MsoNormal" style="margin-left: .75in; text-align: justify;"><span style="font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l1 level3 lfo2; mso-text-indent-alt: -9.0pt; tab-stops: list 1.5in; text-align: justify; text-indent: -1.5in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";">
</span>i.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Liquidity</span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l1 level3 lfo2; mso-text-indent-alt: -9.0pt; tab-stops: list 1.5in; text-align: justify; text-indent: -1.5in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";">
</span>ii.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Asset
Disposition According to Desires & Criteria</span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l1 level4 lfo2; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">giving to who you want, when you want,
how you want and based to your criteria (including provision for your companion
animals)</span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l1 level4 lfo2; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">If<span style="mso-spacerun: yes;">
</span>Then - earn out/merit - contingencies</span></p>
<p class="MsoNormal" style="margin-left: 1.5in; mso-list: l1 level3 lfo2; mso-text-indent-alt: -9.0pt; tab-stops: list 1.5in; text-align: justify; text-indent: -1.5in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";">
</span>iii.<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Legacy</span></p>
<p class="MsoNormal" style="margin-left: 2.0in; mso-list: l1 level4 lfo2; tab-stops: list 2.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">To whom, for what only, earned on the
basis of, with clawbacks for non performance</span></p>
<p></p>Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-44971334772465252582022-06-14T11:13:00.000-07:002022-06-14T11:13:13.415-07:00<p> <!--[if !mso]>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">The Soul of the <i style="mso-bidi-font-style: normal;">Matter</i>:</span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Aligning Meaning with Means vs Aligning
Means with Meaning</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Perceived Lack is the
present:</span></i></p><p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>More is the future</span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">And now is never Enough©</span></i><span style="font-family: "Bookman Old Style";"> <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";">Stipulating</span></p>
<ol start="1" style="margin-top: 0in;" type="1"><ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Yes,
when there is no means survival is meaning, the meaning is where do I get
lunch and dinner</span></li><li class="MsoNormal" style="mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Maslow’s
hierarchy indicates one first has to meet their material survival needs</span></li><li class="MsoNormal" style="mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">The
fear of outliving one’s money (means) supersedes meaning for most if not
all</span></li><li class="MsoNormal" style="mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Mitch
Anthony coined the phrase in financial planning <i style="mso-bidi-font-style: normal;">‘aligning means with meaning.’</i></span></li><li class="MsoNormal" style="mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">ENOUGH</span></i><span style="font-family: "Bookman Old Style";">(sm) Jewish Personal Financial
Planning in contrast is: <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">aligning meaning with means</i></b> to
and toward Shaddai (in Hebrew ‘God, God Almighty, God All Sufficient,
Enough) via healing personal financial anxiety, putting money in its
place to transcend, elevate, connect and align to one’s assignment and
significance - what one was meant to do, meant to be - enough to live
for, enough to live on - the soul of the matter to spiritualize the
material and materialize the spiritual.(c)<i style="mso-bidi-font-style: normal;"></i></span></li></ul></ol>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";"> Given the aforementioned, per the late
comedian Sam Levinson, ‘I finally got the means to the end - and they moved the
ends apart.’ </span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">As a consequence of perceived lack, its
primary derivative acquisition and secondary by product is the relentless
seeking of more, more, more, and thus it is not unusual to hear<span style="mso-spacerun: yes;"> </span>to hear the ‘<i style="mso-bidi-font-style: normal;">then I’ll’s’</i> after ‘when I get mine.’ The <i style="mso-bidi-font-style: normal;">“then I’ll’s</i>” -have a habit of the ends (the goal posts) keep
moving apart in the ‘aligning means with meaning’ construct - though well
intended. </span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">Aligning means with meaning inherently
is susceptible to solve perceived lack number 1 and perceived lack #2 is
promoted. Furthermore, without meaning as the priority, there seems to always
be a new risk that is promoted - especially the high high serious potential
problem that is low low low risk</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">Stipulating the following is an extreme
example - a very wealthy individual (having more than enough as defined,
diversified etc) created a place in Australia that would be self
sufficient with crops, water etc etc. After 20 years the place was finished -
self sufficient - with its own crop - only for parrots to wipe out the crops.
To paraphrase a Talmudic saying, ‘man plans, God laughs’ and parrots are
peckers.</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">Aligning means with meaning - where
means has priority and the<span style="mso-spacerun: yes;"> </span>inclination
of becoming the end itself - rationalized by I’ll get mine and ‘then I’ll’ - a
Sisyphusian continued never ending quest of if only, if only, if only…</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">There is always something - and yet we
give ourselves - no credit for our adaptability and resourcefulness that from
God given capacities we developed into capabilities that yield the assets in
our care. Thus, we give our trust to money more than ourselves let alone God
who gave us the capacities to yield the currency. (Note & proof: while
goodwill is given asset value on a corporate balance sheet - human capital in
terms of adaptability and resourcefulness is not credited whatsoever!)</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";"> When one knows the why (meaning IN
one’s life INside out) the how becomes less stifling and overwhelming perceived
I can’ts. Aligning meaning with means climbs the mountain; aligning means with
meaning mining the mountain</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">In the <i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm) Jewish Personal Financial Planning process of<span style="mso-spacerun: yes;"> </span><i style="mso-bidi-font-style: normal;">aligning
meaning with means - meaning is established first then<span style="mso-spacerun: yes;"> </span>‘means testing’: determining the viability
& feasibility of means to support meaning assuming the required personal
financial goals are on track or met.</i></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span> </span><span> </span>Thus<i style="mso-bidi-font-style: normal;">,
</i>in the <i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm) Jewish Personal
Financial Planning process of <i style="mso-bidi-font-style: normal;">aligning
meaning with means is means testing for meaning - rather than means for meaning
supporting ‘then I’lls’ only after ‘I get mine.’ </i>Note: isn’t it interesting
the spelling of the ‘I’lls’ in “then I’IIs” corresponds to ill.</span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"> <br /></span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">this land is mind, you
are but wayfarers/sojourners</span></i><span style="font-family: "Bookman Old Style";"> </span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Leviticus</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"> ENOUGH</span></i><span style="font-family: "Bookman Old Style";">(sm) Jewish Personal Financial Planning
Besides assumes wanting what we have in our possession not that we don’ t own
but rather we are just at best caretakers to OWN UP To that which is in our
possession during our short stay in this life<span style="mso-spacerun: yes;"> <br /></span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Man has a will to meaning</span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Viktor Frankl <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>The label “Personal Financial
Planning” is not only a misnomer but presented as a title out of sequence with
reality of the practice. The sequence of the description should be Financial
Planning applied to Personally Held Assets. <br /></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">“Surprise, Surprise!”</span></i></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">as Jim Nabors as Gomer Pyle would say
to Sergeant Carter</span></p><p class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">(per the ‘70’s tv series) <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>With the demographic shift instead of
35 people working for 1 retiree to now 3 working for 1, and the natural
progression of commoditization of financial product and services, there has
been and will continue to be compression of ‘personal’ financial compensation.’
The ‘personal financial compensation’ model and method impacted the most is AUM
- charging a percentage of ‘assets under management.’</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>“Personal” Financial Planners in
response to the fear of<span style="mso-spacerun: yes;"> </span>percentage
reduction (compression), all of a sudden, ‘surprise, surprise -Stg Carter’ are
discovering goals based planning, holistic planning - focusing on what is
required to achieve each goal rather than external comparisons to the Dow Jones
or S&P averages. (Quite frankly, personal financial planning is about
managing goals not assets - which one, what kind - or how one did relative to
the Dow. This goals based planning ‘conversion’ - ‘born again so to speak’ <i style="mso-bidi-font-style: normal;">putting the person back in personal
financial planning</i> is reminiscent of the politicians that change his or her
position - in light of deteriorating polls in also known as ‘an election year
conversion.’ <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Aligning means with meaning (or
variation thereof) is but - rebranding especially out of fear of reduced asset
under management percentage compensation. Lacking specific outputs and action
plans for meaning INside out with the client, this so called life planning is
but, for want of a better description, ‘yakked yak - I’m your best friend’
planning to give the perception of ‘value added.’</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Without clear & accountable step
by step process approach for aligning meaning with means - connecting means
with meaning is disguised <i style="mso-bidi-font-style: normal;">reversion &
revision to the means</i> - moving the goal posts in a Sam Levinson with a
Sisyphusian chaser manner. <br /></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">CHEWish On This©</span></b></p>
<p class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">The Soul of the Matter</span></b><span style="font-family: "Bookman Old Style";"> <br /></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Refined for and per the Judaism On
Purpose™ process model meaning guidepath is the Personal Prospectus from the <i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm) process now titled Remember
Me: The Soul Resume. (see the book Judaism <u>On Purpose</u>). And to give
context below is the process of Judaism On Purpose™. Note aligning meaning with
means is the last module - having quarried for meaning thru the modules of Jews
of Meaning, Remember Me, The Ethical Will, Why I Am A Jew, The 1<sup>st</sup>
to be 2<sup>nd</sup> Bar/Bat Mitzvah (having found oneself in Torah).(see www.rabbisjudaismonpurpose.com full discussion.</span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"> <br /></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Note: the Judaism On Purpose™ process
can be applied to other religions.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Bottom line (‘the soul of the
matter”): aligning meaning with means - <i style="mso-bidi-font-style: normal;">to
count</i> - the soul of the matter.</span></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-65979431637556223022021-11-10T18:08:00.004-08:002021-11-10T18:08:57.433-08:00Risk Capacity & Fallacy of 'Risk Tolerance'<p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Risk Capacity </span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"></span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Stipulations</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"> </span></span></p>
<ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Risk tolerance scales are worthless. Risk is a game
by Parker Brothers. Inclination predicted scorecards (if they had them)
would have a lower rating for accuracy than Anthony Fauci
(with excuses and denials optional).</span></span></li><li class="MsoNormal" style="mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Sequence of rate of return risk has been addressed in
other writing </span></span></li><li class="MsoNormal" style="mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Most confuse volatility as risk (which is why
qualified by the question of Enough as determined per each goal) at least
2 years of cash – money markets etc – as there seems to be an inverse
relationship between high client risk bravado relative to investable
assets when things are ‘good’ and greater fear and anxiety when things go
down. Thus, the idea is to minimize whip sawing by the cushion by ‘this is
different, this time.’</span></span></li></ul>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>Risk
is not making one’s goals – in particular the clientele realizable goal and
their determined payoffs. Risk capacity is the willingness to readjust one’s
personal financial goals – in non euphemistic terms – get less – and trade off.</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>More
often than not, usually Monte Carlo analysis people and especially planners
(incentivized by getting compensation by assets under management – the more
assets under management the greater the compensation) want 95% - 100%
probability. The result: more asset under management for the planner (for
sure), a higher probability of an larger estate (assets for members of the
lucky sperm and ovarian club), and usually less spending (out of fear of outliving
their money) by the clients.</span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"> </span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">There are no solutions only tradeoffs</span></i><span style="font-family: "Bookman Old Style";"> </span></span></p><p align="center" class="MsoNormal" style="text-align: center;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Professor
Thomas Sowell</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>Other
than if the assets on a net worth/balance sheet were inherited, the net worth
is a result of human capital (income less consumption and taxes) reinvested for
investment capital. No where on personal balance sheets is the recognition of
the human capital asset of adaptability and resourcefulness. (Note for those
reading and saying right now – but I was younger then, but, but, but).</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>We
given little or no value to our resourcefulness to adapt and therefore (without
the question of More vs Enough aside) 100% is sought at the expense of denying
(even if one has more than Enough).</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>So
the question is risk capacity – is one on Monte Carlo will to take an 80% probability
of success – a 20% adjustment if necessary? What is the tradeoff? <br /></span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Now
when I was in practice – I required spending plans (a nice word for budgets)
not just presently, but projected upon disability, slowing down, retirement and
for the spouse if the client predeceased. Furthermore, the categories were
broken down into: <br /></span></span></p>
<ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Fixed monthly</span></span></li><li class="MsoNormal" style="mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Flexible monthly</span></span></li><li class="MsoNormal" style="mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Irregular Expenditures</span></span></li><li class="MsoNormal" style="mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Estimated taxes</span></span><span class="coversetext"><span style="font-family: "Bookman Old Style";"> <br /></span></span></li></ul>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">Irregular
expenses<span style="mso-spacerun: yes;"> </span>(may be fixed – i.e. homeowners
insurance, etc) but otherwise offer the most flexibility to reduce. Flexible
monthly offer some potential for reduction (i.e. the cable etc bill). Of
course, the degree or amount depend on the goal – if disabled, long term care,
slow down, retirement, spouse income adequacy. Furthermore, the retirement objective
should be broken down into three periods – go/go; slow go; no go. And yes,
health expenditures go up in fixed and flexible but other costs depending on
the period would go down. <br /></span></span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span class="coversetext"><span style="font-family: "Bookman Old Style";">By doing the
budgets per objective – one can estimate the degree of flexibility
–risk/adjustment capacity – to therefore determine 80%, 85%, 90% etc of what
one is will to accept for adjustment to have a higher degree of spending.</span></span></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-35591213375681880102021-10-25T08:39:00.002-07:002021-10-25T08:39:32.247-07:00Enough & Author Joseph Heller of Catch 22 <p> <!--[if gte mso 9]><xml>
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</p><p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: Arial;">Enough &
Author Joseph Heller of Catch 22</span></p>
<p align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: Arial;"> </span></p><br />
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">At a party given by a billionaire hedge
fund manager, Kurt Vonnegut informed fellow author Joseph Heller of Catch 22
fame, that the hedge fund manager made more money in a single day than Heller earned
from all his royalties from Catch-22 .</span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p style="margin-bottom: .0001pt; margin: 0in; text-align: justify; text-indent: .5in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Heller
responded, “Yes (that’s true), but I have something he will never have …. ENOUGH.”</span></b></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-37229920074776545002021-04-14T20:25:00.002-07:002021-04-14T20:25:51.618-07:00<p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"><b>2.0 </b>UPDATE Bimahs &
Managing (Retirement) Goal During Rotation &</span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"> This Tectonic Living &
Market Shifts <br /></span></p><b><span style="font-size: medium;"><u>See Measures for Update </u></span></b><br /><p align="center" class="MsoNormal" style="text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";">Stipulating <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm) is aligning means with
meaning to count© and thus derivatively Enough is managing goals primarily
rather than assets which is secondary (but means)</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Per a game
changing study 80% of the value of the S&P 500 stocks is now in patents,
trademarks, trade secrets</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> And subject to <br /></span></p>
<ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="color: #26282a; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Required
income needs – at the gotta, (essential) and oughta (discretionary) but
not niceta levels </span></li><li class="MsoNormal" style="color: #26282a; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Relative
to a retirement goal – the amount as if 3 periods (typically with
different amounts: </span></li><ul style="margin-top: 0in;" type="circle"><li class="MsoNormal" style="color: #26282a; mso-list: l2 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><span style="font-family: "Bookman Old Style";">the
go go period, the slow go period, and the no go period.</span></li></ul><li class="MsoNormal" style="color: #26282a; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Measures </span></b><span style="font-family: "Bookman Old Style";"></span></li><ul style="margin-top: 0in;" type="circle"><li class="MsoNormal" style="color: #26282a; mso-list: l2 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Baseline</span></b><span style="font-family: "Bookman Old Style";"> (where at if do nothing) <i style="mso-bidi-font-style: normal;">probability % of achieving the goal(s)</i>
per Monte Carlo; </span></li><li class="MsoNormal" style="color: #26282a; mso-list: l2 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Monte Carlo trigger short fall %
of success</span></b><span style="font-family: "Bookman Old Style";"> (The
Monte Python i.e 80%) to readjust the goal(s)</span></li><li class="MsoNormal" style="color: #26282a; mso-list: l2 level2 lfo1; tab-stops: list 1.0in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">The desired Monte Carlo probability
of success</span></b><span style="font-family: "Bookman Old Style";"> (The
Full Monte) <b style="mso-bidi-font-weight: normal;">(</b>which is subject
to readjustment (i.e. amount of goal after tax, when start, duration,
assumed after tax rate of return, and inflation) should the Monte Python
trigger occur</span></li></ul><li class="MsoNormal" style="color: #26282a; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";"> </span></li></ul>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";">A
Retirement Portfolio Idea Subject To The Above <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Musts before consideration of
allocation</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">2-7
years of cash and near cash (remember Joseph and 7 fatter cows and 7 lean
emaciated cows) –to minimize whipsawing the portfolio during large up and down
swings in the market – resulting in panics – buying at the highs and selling at
the lows not to mention the resulting anxiety.</span></p>
<p class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Bookman Old Style";">Hopefully
the home is free and clear – allowing the fallback if necessary to a maximized
reverse mortgage annuity for income <br /></span></p>
<p class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Thereafter (to see if this works)</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">20%
in tech mutual funds, etfs, etc</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">20%
in health mutual funds, etfs</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">20%
in value mutual funds, etfs</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">40%
in dividend increasing stocks/mutual funds</span></p>
<p class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";"> The concept:</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Tech
– yes, the valuations are out of sight but tech and rapid obsolescence is the
new normal</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">Health
– yes, regardless fears of regulation, everybody wants to go to heaven – nobody
wants to die – even regulators (health actually is part ‘tech’)</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">20%
Value – there is and will be rotation from tech and health and back again</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">40%
Dividend increasing stocks, mutual funds, etfs – these are the new bonds.</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";"> Now relative to the old 4% rule (if
this is also used as a metric of what can be withdrawn with increases for
inflation) – the % of withdrawal is subject to the aforementioned. Decreases (subject
to the Measures aforementioned) would occur when the amount withdrawn becomes
as a percentage 5% on the remaining assets (i.e. let’s say the portfolio goes
down from $1 million to $800,000.) Thus, to bring the percentage back to 4%,
the withdrawal amount might require a drop to $32,000 in income. An increase
can occur if a 20% gain from the baseline $1 million to $1,200,000. Thus, the
4% (or $40,000) is now but 3.33% so the amount could go to $48,000.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";">A
Story About Going Up and Going Down</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>The President of the Temple/Shul often
sits on the Bimah (the elevated podium/platform) with the Rabbi.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Once the Shul President’s term was up
and a new Shul President took the former’s place not just as President but also
sitting on the Bimah with the Rabbi</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>This change
didn’t sit well with the old Shul President who made things difficult for the
New President even though he knew the rules.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><b style="mso-bidi-font-weight: normal;">The moral of the story – it is easier to up
to the Bimah than come down from it aka The Bimah Schema</b></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span></span><span style="font-family: "Bookman Old Style";">It is easier to increase spending than
to decrease it – regardless of whether in retirement one is in the go-go (pre
Covid) phase, slow go, or no go phase of retirement.<span style="mso-tab-count: 1;"> </span></span></p><span style="font-family: "Bookman Old Style";"> All the above, of course, is subject to
the cascade of the personal financial filter design and cascade previously
stated - may make the 4% example unworkable anyway. <br /></span>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">An interesting conceptual model to ask
your planner about whether one is on the Bimah or not regardless of stage
fright or stage one is in.</span></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-52891192629371283092021-04-14T14:46:00.000-07:002021-04-14T14:46:25.876-07:00Evolution: ENOUGH’s(sm) 5 Iterations<p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span class="kx21rb"><b style="mso-bidi-font-weight: normal;"><span style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Evolution</span></span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">: ENOUGH’s(sm)</span></i></b></span><span class="kx21rb"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"> </span></i></span><span class="kx21rb"><span style="font-family: "Bookman Old Style";">5 Iterations</span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span class="kx21rb"><span style="font-family: "Bookman Old Style";"> </span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span class="kx21rb"><span style="font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span class="kx21rb"><span style="font-family: "Bookman Old Style";">Clientele realizable goal determination
coordinated with orderly plans for their desired payoffs</span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span class="kx21rb"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"> <span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span class="kx21rb"><span style="font-family: "Bookman Old Style";">A process of connecting personal
resources (including money) to support life goals</span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span class="kx21rb"><span style="font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Symbol;"> <span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";"> </span></span></span></span><span class="kx21rb"><span style="font-family: "Bookman Old Style";">Healing personal financial anxiety,
puttin’ money in its place to elevate, transcend, align and connect to one’s
significance/assignment what was is meant to do – meant to be, enough to live
on, enough to live for</span></span></p>
<p align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span class="kx21rb"><span style="font-family: "Bookman Old Style";"> </span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">ENOUGH’s(sm):
</span></i></b></span><span class="kx21rb"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Jewish Personal Financial Planning</span></b></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span class="kx21rb"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";"> Aligning Means with
Meaning INside Out <i style="mso-bidi-font-style: normal;">..To </i>Count!</span></b><span style="font-family: "Bookman Old Style";"> </span></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span class="kx21rb"><span style="font-family: "Bookman Old Style";"> <br /></span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span class="kx21rb"><span style="font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span class="kx21rb"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Aligning means with
meaning</span></b></span><span class="kx21rb"><span style="font-family: "Bookman Old Style";">
--- </span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span class="kx21rb"><span style="font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span class="kx21rb"><span style="font-family: "Bookman Old Style";">healing personal financial anxiety,
puttin’ money in its place to elevate, transcend, align and connect to one’s
significance/assignment what was is meant to do – meant to be, enough to live
on, enough to live for …aligning means with meaning to count</span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin: 0in; mso-list: l1 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span class="kx21rb"><span style="font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Symbol;"> <span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span class="kx21rb"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Aligning means with
meaning INside out</span></b></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: -.25in; margin-right: 0in; margin-top: 0in; text-align: justify; text-indent: .75in;"><span class="kx21rb"><span style="font-family: "Bookman Old Style";">healing
personal financial anxiety, puttin’ money in its place to elevate, transcend,
align and connect to one’s significance/assignment what was is meant to do –
meant to be, enough to live on, enough to live for …aligning means with meaning
to count</span></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><span class="kx21rb"><span style="font-family: "Bookman Old Style";"> Note
still, in contrast, ‘</span></span><span class="kx21rb"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">Mo</span></i></span><span class="kx21rb"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">r</span></i></span><span class="kx21rb"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">e</span></i></span><span class="kx21rb"><span style="font-family: "Bookman Old Style";">’ is still a
never-ending test of worthiness, usually leading to increased personal
financial anxiety, and ironically, to less. (<i style="mso-bidi-font-style: normal;">as more, better, now – has a habit, in time, of becoming less, worse,
later</i>).</span></span></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-22460666538868547352021-04-11T08:27:00.003-07:002021-04-11T08:27:39.193-07:00ENOUGH(sm): Nachas & Nachos<div><p> <!--[if gte mso 9]><xml>
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</p></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i>ENOUGH(</i>sm): Nachas & Nachos<br /></div><div><div><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Who
is rich? One who is happy with his lot.</span></i> </span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Ben Zoma, Ethics of the Fathers</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="hgkelc"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Who
is rich? He that rejoices in his portion.</span></i></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";">Ben Franklin (not related to Ben Zoma)</span></span><span style="font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";"> </span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Picture 1957 - Lamberton
Elementary School in Philadelphia – 1957 – after school – each kid has their
report card in hand. <br /></span></i></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">I got 11 A’s and 1 B. Marline L and
Alan G got 12 A’s. Both Marlene and Alan made it a point to flaunt their better
report card in this 9 year old writer’s face - <span style="mso-spacerun: yes;"> </span>metaphorically ‘na na na na na – we’re better
– you’re not enough.’</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>The proverbial ‘B’ in the bonnet or
Philadelphia Phillies baseball cap.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Whether 8 years of age 9 years of age
40 or 70+ that ‘more-onic’ behavior of ‘I’m more, you’re less’ still persists
reinforced by acculturation. (1)</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";">Stipulating: <br /></span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";">Enough is Latin is ‘satis’</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><i style="mso-bidi-font-style: normal;">Satis</i>faction
is fulfillment, contentment (and also redress)</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Satiated is quenched <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Satisfaction is preferred to
satisfactory (which is merely adequate and a ‘C’ on one’s report card which for
brethren Jewish kids and parents if equivalent to an F.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Now the Yiddish Nachas is ‘special
joy’ fulfillment,</span><span class="hgkelc"> </span><span class="hgkelc"><span style="font-family: "Bookman Old Style";">proud enjoyment) (from Hebrew </span>נחת</span><span class="hgkelc"><span style="font-family: "Bookman Old Style";"> nachat,
"relaxation" ((now that the child is no longer living in the basement
after college or still a barista at Starbucks). The emphasis of ‘nachas’ when
it comes to Jewish kid’s A’s (even better A+s) escalated into almost ecstasy
upon the child becoming a ‘doctor’ is proud enjoyment & <i style="mso-bidi-font-style: normal;">satis</i>faction thru reflection on the
parent. Typically, nachas is outside in rather than the satisfaction (enough)
of INside out ‘enough!’ <br /></span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>However,
nachas living thru another (even of one’s lineage) outside in is a sugar high –
more excellent nachos than nachas- never enough let alone the satis of
satisfaction as ‘enough’ which is an INside out process – aligning means with
meaning – again INside out.<span style="mso-tab-count: 1;"> </span></span></span></p>
<p class="MsoNormal" style="margin-left: 72.75pt; mso-list: l0 level2 lfo1; tab-stops: list 72.75pt; text-align: justify; text-indent: -18.75pt;"><span class="hgkelc"><span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">(1)<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span class="hgkelc"><span style="font-family: "Bookman Old Style";">Ironically, in finance as well as other
aspects of life ‘more, better, now’ has a habit of – in time – becoming ‘less,
worse, later’ and certainly no guarantee of contentment let alone equanimity.<span style="mso-tab-count: 1;"> </span></span></span></p>
</div></div>Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-78476365918414358792021-03-26T18:18:00.001-07:002021-03-26T18:18:41.897-07:00Bubbe (Tillie) Schwartz, More, Less & Enough<p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Bubbe (Tillie) Schwartz, More, Less
& Enough</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Everything in moderation; nothing in
excess, <i>boychik</i></span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Bubbe (Tillie) Schwartz</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>When is less – <i style="mso-bidi-font-style: normal;">less</i>?</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>When is more – <i style="mso-bidi-font-style: normal;">more</i>?</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>When is Enough – <i style="mso-bidi-font-style: normal;">less</i>?</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>Less is less – according to those in
‘liberal/progressive’ Judaism – who, despite ‘do not add – do not subtract’ –
remove/deduct . This liberal Judaism subtracts -removes – deletes on the basis
of ‘it’s values not rituals’ that is intended. For example (the argument of
rituals without meaning aside.) Note, in contrast, political conservatives prefer
less laws etc.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>When is more – less (besides in
personal financial planning as more, better now has a way of becoming ‘less,
worse, later)? Example the amount of time between milk (life) and meat(death)
to be consumed – 2 hours– no 4 hours, no 6 hours 23 minutes, 14 seconds and 6
nanoseconds etc etc – continually adding despite ‘do not add do not subtract.’
Note the irony, political liberals add – increase - amplify more and more
regulations, while, ‘ironically,’ political progressives just take/subtract (more,
more, more) rather than make in the name of social justice (theft) – more for
them – less for others.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Para-orthodoxically, in the spiritual
realm more <i style="mso-bidi-font-style: normal;">is</i> more (especially if manifested
– spiritualizing the material) while enough, spiritually, is to get by before
bye bye. The synthesis of materializing the spiritual – spiritualizing the
material is aligning means with meaning to count – in the material..</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>As for moderation – the middle of the
road - <span style="mso-spacerun: yes;"> </span>is where there<span style="color: #26282a;"> is road kill.</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"></span></p><p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">ENOUGH</span></i></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">(sm)
Said</span></b><span style="color: #26282a; font-family: "Bookman Old Style"; font-size: 14.0pt;"></span></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-27831055304663797192021-03-21T13:34:00.000-07:002021-03-21T13:34:17.334-07:00Bimahs & Managing (Retirement) Goal During Rotation & This TectonicLiving & Market Shifts<p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">Bimahs & Managing
(Retirement) Goal During Rotation & </span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";">This TectonicLiving & Market
Shifts</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="color: #26282a; font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";">Stipulating <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm) is aligning means with
meaning to count© and thus derivatively Enough is managing goals primarily
rather than assets which is secondary (but means)</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Per a game
changing study 80% of the value of the S&P 500 stocks is now in patents,
trademarks, trade secrets</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> And subject to <br /></span></p>
<ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="color: #26282a; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Required
income needs – at the gotta, and oughta but not niceta levels</span></li><li class="MsoNormal" style="color: #26282a; mso-list: l2 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Probability
of achieving the goal(s) per Monte Carlo or like analysis of upper and
lower accepted probability of making one’s goals – are subject to
adjustment particularly spending relative to desired probability</span></li></ul>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> A Retirement Portfolio Idea Subject To The Above <br /></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Musts before
consideration of allocation</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">2-7 years of cash and near cash (remember Joseph and 7 fatter
cows and 7 lean emaciated cows) –to minimize whipsawing the portfolio during large
up and down swings in the market – resulting in panics – buying at the highs
and selling at the lows not to mention the resulting anxiety.</span></p>
<p class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";">Hopefully the home is
free and clear – allowing the fallback if necessary to a maximized reverse
mortgage annuity for income</span></p>
<p class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> Thereafter:</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">20% in tech mutual funds, etfs, etc</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">20% in health mutual funds, etfs</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">20% in value mutual funds, etfs</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo2; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">40% in dividend increasing stocks/mutual funds</span></p>
<p class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> The concept:</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">Tech – yes, the valuations are out of sight but tech and rapid
obsolescence is the new normal</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">Health – yes, regardless fears of regulation, <b>everybody wants to
go to heaven – nobody wants to die – even regulators </b>(health actually is part
‘tech’)</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">20% Value – there is and will be rotation from tech and health
and back again</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l0 level1 lfo3; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="color: #26282a; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="color: #26282a; font-family: "Bookman Old Style";">40% Dividend increasing stocks, mutual funds, etfs – these are
the new bonds.</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";"> Now relative to the old
4% rule and increases for inflation – the % of withdrawal is subject to the
aforementioned. Decreases would occur when the amount withdrawn becomes as a percentage
5% on the remaining assets (i.e. let’s say the portfolio goes down from $1
million to $800,000.) Thus, to bring the percentage back to 4%, the withdrawal
amount might require a drop to $32,000 in income. An increase can occur if a
20% gain from the baseline $1 million to $1,200,000. Thus, the 4% (or $40,000)
is now but 3.33% so the amount could go to $48,000.</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";">In addition, might run
the Monte Carlo analysis with the decreases and or increases from the baseline
amount (in the above example $1,000,000) to increase or decrease spending based
to the probability one would accept i.e. 85% causes a reduced level of income
spending if that is the lower threshold for success/adjustment or increase the
income of the probability is 99% to get to 95% as an acceptable probability).</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";">Alternatively, test
different spending amount scenarios – to see the the probability of success –
and what % range is acceptable</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> A Story About Going Up and Going Down</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>The President of
the Temple/Shul often sits on the Bimah (the elevated podium/platform) with the
Rabbi.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Once the Shul
President’s term was up and a new Shul President took the former’s place not
just as President but also sitting on the Bimah with the Rabbi</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>This change
didn’t sit well with the old Shul President who made things difficult for the
New President even though he knew the rules.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><b style="mso-bidi-font-weight: normal;">The moral of the story – it is easier to up
to the Bimah than come down from it aka The Bimah Schema</b></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>It is easier to
increase spending than to decrease it – regardless of whether in retirement one
is in the go-go (pre Covid) phase, slow go, or no go phase of retirement.</span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>All the above, of course,
is subject to the cascade of the personal financial filter design and cascade
previously stated - may make the 4% example unworkable anyway.</span></p>
<p class="MsoNormal" style="margin-left: .5in; text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="color: #26282a; font-family: "Bookman Old Style";">An interesting conceptual
model to ask your planner about whether one is on the Bimah or not regardless
of stage fright or stage one is in.</span></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-74952205629470209562021-02-06T18:10:00.000-08:002021-02-06T18:10:26.033-08:00Bashert, Meant & Meaning To COUNT!<p> </p><p><!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";">Bashert, Meant &
Meaning<i> To COUNT!<br /></i></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"> </span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Aligning means with
meaning – for what is meant to do & meant to be</span></i><i> </i><span style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"><u>to count! </u></span></span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"><br /></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"> Meant
– destined preordained intended predestined, obliged, supposed to </span></p><p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"> Meaning
– significance, value, worth, importance</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><i style="mso-bidi-font-style: normal;">ENOUGH(</i>sm)
Personal Financial Planning has evolved in definition over the past 46 years
from:</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"> <span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">(1975)
clientele realizable goal determination coordinated with orderly plans for the
achievement of the desired goals and payoffs</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">(2000
or so) healing personal financial anxiety</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">(2015)
“<i style="mso-bidi-font-style: normal;">ENOUGH(</i>sm)” – Jewish Personal
Financial Planning – healing personal financial anxiety, puttin’ money in its
place, to transcend, connect & align to one’s assignment/signification –
what one was <i style="mso-bidi-font-style: normal;">meant</i> to do; <i style="mso-bidi-font-style: normal;">meant </i>to be – enough live for; enough to
live one</span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">2018
(Shaddai) <i style="mso-bidi-font-style: normal;">ENOUGH </i>Personal Financial
Planning<i style="mso-bidi-font-style: normal;">– </i>aligning <i style="mso-bidi-font-style: normal;">means</i> with <i style="mso-bidi-font-style: normal;">meaning…. </i>healing personal financial anxiety, puttin’ money in its
place, to transcend, connect & align to one’s assignment/signification –
what one was <i style="mso-bidi-font-style: normal;">meant</i> to do; <i style="mso-bidi-font-style: normal;">meant </i>to be – enough live for; enough to
live one<i style="mso-bidi-font-style: normal;">: </i></span></p>
<p class="MsoNormal" style="margin-left: 1.0in; mso-list: l1 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span style="font-family: "Bookman Old Style";">2021
(Shaddai) <i style="mso-bidi-font-style: normal;">ENOUGH </i>Personal Financial
Life Planning<i style="mso-bidi-font-style: normal;"> – </i>aligning <i style="mso-bidi-font-style: normal;">means</i> with <i style="mso-bidi-font-style: normal;">meaning </i>“<u>to count</u>”<i style="mso-bidi-font-style: normal;">…</i>for
what one was <i style="mso-bidi-font-style: normal;">meant</i> to do <i style="mso-bidi-font-style: normal;">meant</i> to be enough to live on enough to
live for.</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"> Bashert = meant to be </span></i><span style="font-family: "Bookman Old Style";">the literal translation from Yiddish is
“destiny.”<i style="mso-bidi-font-style: normal;"> (these days modified to mean
one’s soul mate)</i></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";"></span></i></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Bookman Old Style";">Stipulating: <br /></span></p>
<ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Judaic
belief is that each has a spark of the divine (regardless how deeply
buried) </span></li><li class="MsoNormal" style="mso-list: l0 level1 lfo2; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">We are
here to continue to complete the incompletions of our soul – with God
given capacities which are up to us to develop into capabilities and
manifest into what we are meant to do and meant to be…. Bashert</span></li></ul>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in;"><span style="font-family: "Bookman Old Style";"> Aligning means with meaning is but a
tool in the process of<span style="mso-spacerun: yes;"> </span>materializing and
manifesting one’s<span style="mso-spacerun: yes;"> </span>bashert – the meant to
be – one’s<span style="mso-spacerun: yes;"> </span>meant to do – during the
soul’s short visit here and thus answering man’s will to meaning (Frankl)<span style="mso-spacerun: yes;"> </span>– for (per Heschel) the meaning of all
meaning of all meanings (Hashem) </span></p><p style="text-align: center;"><b> <span style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">Matchmaking Yentas Optional</span></span></b><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;"></span>
</p><p> </p>Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-19019533089449491982021-01-21T07:13:00.000-08:002021-01-21T07:13:24.827-08:00 The Golden Mean-ing <p> <!--[if gte mso 9]><xml>
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</p><p align="center" class="MsoNormal" style="text-align: center;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>The <b style="mso-bidi-font-weight: normal;"><span style="color: #ffcc00;">Golden </span></b>Mean-ing &</span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"></span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"> </span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";">Stipulating:</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Shaddai
means ‘God, God Almighty, God All Sufficient, Enough</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><i style="mso-bidi-font-style: normal;">ENOUGH</i>(sm): Jewish Personal Financial
Planning is now after 47 years: ‘aligning means with meaning’ </span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>In
a former life as a fee only <i style="mso-bidi-font-style: normal;">ENOUGH </i>(in
contrast to a More/More-on) personal financial planner I was always puzzled by
the following paradox (paraorthox if one is Orthodox): on personal balance
sheets (otherwise labeled ‘net worth’ statements reflect merely tangible and
intangible assets less liabilities (this of all words ‘net worth.’) And yet,
except for that which was inherited, there is no reflection of the asset of
one’s adaptability, resourcefulness – and yes, resilience which led to the
creation of the ‘net worth’ unlike corporate balance sheets where at least
goodwill is reflected as an asset. Yet, how could one’s God given capacities
personally developed into capabilities with the derivatives of assets (tangible
and intangible) been accumulated without these capabilities augmented and reinforced
by adaptability, resourcefulness and resilience?</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Further’more’,
given a sense of meaning – especially INside out – meaning there is a greater
probability of resilience for the adaptability and resourcefulness to acquire
means, the aligning of means with meaning and meeting life’s challenges.</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="hgkelc"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>Thus,
the alignment of means with meaning may – can become </span></span><span class="hgkelc"><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">The
<b style="mso-bidi-font-weight: normal;"><span style="color: #ffcc00;">Golden</span></b>
Mean </span></span><span class="hgkelc"><span style="font-family: "Bookman Old Style";">–
smeltered from one’s Hashem given capacities developed into capabilities, refined
by adaptability, resourcefulness, resilience and enhanced by perseverance. </span></span></p>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-65739047843233740402020-09-07T12:12:00.007-07:002020-09-07T12:13:23.863-07:00“It’s Sooo Satisfying!”* NOT!!<p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"></span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";">“It’s Sooo <i style="mso-bidi-font-style: normal;">Satisfying</i>!”* </span></span><span class="enni3mche"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Rockwell Extra Bold";">NOT!!</span></b></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Rockwell Extra Bold";"> Question:
</span></b></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> </span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">Is Insatiability (more, more, more – never enough -aka The
Yatzer More©) Instinctual & Hardwired or Really an Inclination To Be Counterbalanced by Enough?<br /></span></i></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Hypothesis
#1:</span></b></span><span class="enni3mche"><span style="font-family: "Bookman Old Style";">
By nature, man (and woman) are insatiable (there is never enough) </span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Hypothesis
#2</span></b></span><span class="enni3mche"><span style="font-family: "Bookman Old Style";">:
Man (and woman) have a ‘more’ inherent <i style="mso-bidi-font-style: normal;">inclination</i>
(due to the identification with the body & the resulting fear of extinction
with that of the body as the elimination of themselves’) but neither man nor
woman is sentenced to insatiability.</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> Stipulating:</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Bookman Old Style";">Original
Incompletion</span></u></b></span><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> – (in contrast to the Originals ((sin, dreck,
defectiveness, innocence))) is </span></span><span style="font-family: "Bookman Old Style";">the
task of continuing to complete the incompletions of one’s soul (“the hole(s) in
the soul) INside out<span class="enni3mche"> </span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Bookman Old Style";">Creation
Is Not Finished</span></u></b></span><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> – per the 7 days of creation – 5 days
were labeled ‘good,’ one day deemed ‘very good,’ and on the 7<sup>th</sup> and last
day – Hashem rested but none of the days were labeled ‘excellent, finished, or
complete.’</span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Bookman Old Style";">Insatiable</span></u></b></span><span class="enni3mche"><span style="font-family: "Bookman Old Style";">– not satisfied
(satis in Latin means enough – thus insatiable = never satisfied, never enough)
Per Proverbs </span></span><b><span style="font-family: "Bookman Old Style";">27:20</span></b><span style="font-family: "Bookman Old Style";"> <span class="coversetext">The grave and
Gehinnom will not be sated, and the eyes of man will not be sated or another
translation: </span><span class="hgkelc"><i style="mso-bidi-font-style: normal;">Death
and Destruction are never satisfied, and neither are human eyes</i></span><span class="enni3mche"></span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> </span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">The more flesh the more worms; the more possessions, the
more worry; the more wives, the more witchcraft; the more maid servants the
more lewdness, the more slaves the more thievery…..Who is rich? One who is satisfied with his lot.</span></i><span style="font-family: "Bookman Old Style";"> </span></span></p><p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";">Ethics of the
Fathers</span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"></span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Hypothesis
#1 accepts that man, being inherently insatiable, as a consequence seeks more,
more, more as there is never enough. As such, as birds gotta fly, fish gotta
swim, there is no end to man’s<span style="mso-spacerun: yes;"> </span>seeking
more, more, more – as it is instinctual. This ‘insatiable nature’ (especially
in the realm of sex and commerce) is to be recognized, accepted and governed by
values & necessary sanctions. Thus, for example, in business and personal
finance this hardwired inherent drive of insatiability is driven toward more,
more, more even though more, better, now has the not unusual habit of becoming <span style="mso-spacerun: yes;"> </span>less, worse, later.’ And ‘more, more, more – what
are we all morticians – per e.e. cummings) is further reinforced by
acculturation of ‘dissatisfaction’ – not enoughness -<span style="mso-spacerun: yes;"> </span>being ‘less than’ – and with apologies
to<span style="mso-spacerun: yes;"> </span>Mars Candy commercial <i style="mso-bidi-font-style: normal;">it ain’t so satisfying – without Snicker™ing</i></span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>Hypothesis
#2 allows man the potential to override – the default being inclination (rather
than instinctual) to more, more, more (the Yatzer More™) by the recognition and
acceptance that Shaddai is enough. Whereas more, more, more – ‘the yatzer more’
is externally comparative, enough is an INside out perspective. (i.e. in
personal financial planning, thus, one manages goals rather than assets©)
Still, with a 40,000++++ barrage of messages of not enough/dissatisfaction per
year or more on TV, radio, the web, etc etc, enough’s voice is but a whimper –
not even a still small voice. And when one gets to enough it becomes ‘a little
more – just in case – a cushion’ or as the old comedian Sam Levinson said ‘I
finally got the means to the ends and they moved the ends apart.’ Enough in a
dialectic of tension with more has less of a chance than the Washington
Generals beating the Harlem Globetrotters. </span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>“<b style="mso-bidi-font-weight: normal;">A</b>” stake to ground assuage ‘enough’
from the winds of more is meaning. “<b style="mso-bidi-font-weight: normal;">The”</b>
stake ‘grounding, underpinning’ the foundation to fortify the battleground from
the battering & onslaught of the yatzer more & life in general is
Hashem – Shaddai.<span style="mso-spacerun: yes;"> </span>And holding this
‘battleground state’ of enough is aligning & linking means with meaning
despite being challenged: first by those that ignore, next by ridicule, and finally
by the same individuals who ignored and ridiculed and then appropriate authorship
to themselves as they contort original intent.</span></span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: 0.5in;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>Without meaning
(defined by: 1) what it is and 2) what it is not (otherwise you get <i style="mso-bidi-font-style: normal;">snot</i>)) is a difficult almost Sisyphusian
task in 1) aligning means to and with meaning and 2) to realize ‘enough’ let
alone use JEWdo on the <i style="mso-bidi-font-style: normal;">yatzer more</i>
(and more-on) inclination.</span></span></p>
<p class="MsoNormal" style="text-align: justify; text-indent: 0.5in;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> Herein lies TRUST
– CONFIDENCE <span style="mso-spacerun: yes;"> </span>in—Shaddai as enough– as
the guide by one’s side for ‘despite, although, anyway, even if’ that Hashem is
‘the meaning of all meanings is God’ (Rabbi Abraham Heschel) and recalling,
‘without God anything goes’ per Dostoevsky. </span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"> <span style="mso-tab-count: 1;"> </span>Thus
insatiability (more, more, more, in never enough) is a choice not a sentence as
Hashem –as <span style="mso-spacerun: yes;"> </span>Shaddai – as enough.</span></span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"></span></span><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style"; font-size: 14pt;"></span></i></b></p><p align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style"; font-size: 14pt;">“I can’t believe I ate the whole thing”</span></i></b><span style="font-family: "Bookman Old Style";"> </span></p><p align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Bookman Old Style";"><a href="https://www.youtube.com/watch?v=VFKifpMtlNs">https://www.youtube.com/watch?v=VFKifpMtlNs</a>
1972 commercial</span></p>
<p align="center" class="MsoNormal" style="text-align: center;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"></span></span></p>
<ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";">It’s
so satisfying – ironically a Snickers Commercial</span></span></li><li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><span class="enni3mche"><span style="font-family: "Bookman Old Style";"><a href="https://www.youtube.com/watch?v=0Mm6H2XJDbQ">https://www.youtube.com/watch?v=0Mm6H2XJDbQ</a></span></span></li></ul>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-11583305931874955712020-07-04T19:50:00.001-07:002020-07-04T19:50:37.910-07:00The Happiness Industry - The Hoax?<div style="text-align: center;">
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<br />
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">Etymologically
happiness is by chance - happenstance - outside in. In Judaism - it is a
stretch to say there is even a word for happiness. The word - simcha - means -
joy - INside out. And attempts to re-translate the hebrew meaning glad and
rejoice into a word for happiness is really revisionism.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">The
point - trying to nail down the happiness industry - starts with a definition -
that one can infer - or see, feel, touch or smell - and they avoid it....</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">When
'happiness is outside in' - it is usually a sensation - that typically requires
higher and higher dosages to palliate for 'an <b><i>alter</i></b><i>ed</i>'
state - rather than an '<b><i>altar</i></b><i>ed</i>' state.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">The
closest is 'flow' which is confused with happiness. Flow per Csikszentmihalyl
by example is where stimulation meets skill and one looks up and it is 3 hours
later and where did the time go</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">Thus,
simcha - and while I have great respect for the works of Dennis Prager - is not
happiness nor is the Hebrew word for glad and rejoice meant to mean
happiness-and neither is Simcha meant to mean happiness. The Hebrew for glad
and or rejoice are INside out states not a function of outside in</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">In <i><u>ENOUGH
</u></i><u>Jewish Personal Financial Planning</u> which I did from 1977 for 20
years as a fee only planner and now as an author (over 40 years) --- is
"healing personal financial anxiety, puttin' money in its place, to
transcend- elevate to one's assignment - significance - what one is meant to do
- meant to be --- "aligning means with meaning"" And that's an
INside out job - that may - I say may - create a state of simcha that's less
prone to the slings and arrows of life outside in.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">Note
most of the happiness industry is just a repackaging of the self esteem
business (again having lost steam and probably they stocked out of
participation trophies)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">Assumptions
make an ass out of you and me - as the saying goes. Nail down the definition of
happiness - and typically one gets the academic or sage on the stage (but not
guide by the side) two step.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">Finally
per Mussar teaching in Judaism for example - there is the concept of equanimity
- meaning <i>'rising above the good and the bad</i>' - rather than happiness as
an ideal trait. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">All
the aforementioned said and sans The Disney Sisyphusian 'happily ever after' -
comes from one who only plays a rabbi on tv (I couldn't get the Cigna gig).</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">PS I
named one of my K9 Chavers (friends) of the Soul - Simcha - for 19th century Rabbi
Simcha Bunim who said that 'you are a speck of dust, and yet the world was
created for you.' And this Simcha, a black male standard poodle, had 29 gran
mal seizures in 13 months - 4 on Rosh Hashanah in 45 minutes when I let him
proceed to Olam Haba - taught me 'when you must, you can; when you can you
must.'</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">To
which--- It is said that a man complained to a Rabbi about how harsh difficult
terrible this world is. The Rabbi said, yes, but there will plenty of
tranquility in the world to come (olam haba). Not satisfied, the man called on
Hashem (God) with the same complaint - how terrible, tough, challenging etc
this world was asking God -- can't you send someone to fix this world? </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">To
which Hashem responded, 'I did. I sent you.'</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">When
you must you can - when you can you must - ..... align means with meaning -
INside out – and therein is a modicum of <i>simcha</i>.</span></div>
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<![endif]-->Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-31365585297705708812020-05-20T19:50:00.001-07:002020-05-20T19:50:58.380-07:00Maximizer to Satisficer When ‘More’ Actually Leads to Good Enough:
<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">Maximizer
to Satisficer When ‘More’ Actually Leads to Good Enough:</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span class="e24kjd"><i><span style="font-family: "Bookman Old Style";">A <b>satisficer</b> is a pragmatic
individual who makes decisions based on meeting requirements in a timely
manner, finding the “good enough” solution and moving on. The word is a
portmanteau of the words satisfy and suffice. <b>Satisficing</b> contrasts with
maximizing.</span></i></span><i><span style="font-family: "Bookman Old Style";"></span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>When does ‘More’ lead to Good Enough
(other than temporarily after the 1987, 2008 and 2020 market severe declines)?</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>In choosing something anew (for
example not bought before) that of value takes time, research and analysis. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Initially, we analyze looking for what
we perceive is the best offers ‘more’ for the money – than the other choices –
comparatively.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>But then after comfortable with the
‘more, better, comparatively’ choice – especially if we have ‘bought it’ more
than once even when something just a bit or even somewhat of better comes along
– the tendency is to stay – continue<span style="mso-spacerun: yes;">
</span>purchasing or with the original choice – because it is <i>good enough</i>
even if switching costs are minimized.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Change for ‘more’ isn’t ‘worth’ it at
this point of ‘good enough.’ Thus, the resistance roadblock to change – even
for ‘more.’</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Thus, we go from maximizer (more) to
satisficer (good enough) reinforced by either identification with the purchase
and or not being wrong or just plain the alternative isn’t demonstrably better
to take the time to change.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">The
major exception is seeking more financially (more, better, now) as a derivative
tactic of acquisition thinking it will quell our belief in we Lack (Lacktose intolerance)
which stems from fear of physical extinction (which one identifies as himself
). More offers palliation and or the delusion of IM-More-tality. Thus, per
aforementioned sequence/ heuristic, <i><u>financially</u></i>,<span style="mso-spacerun: yes;"> </span>more is never enough or enough is just ‘a
little more’ to be maximized even though, financially, more better now has a
habit of becoming less worse later.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">(The
above more (maximizer) becomes enough (satisficer) is in contrast to <i>T<a href="http://www.amazon.com/The-Paradox-Choice-More-Less/dp/149151423X"><em><span style="color: windowtext; font-family: "Bookman Old Style"; font-style: normal;">he </span></em></a><a href="http://www.amazon.com/The-Paradox-Choice-More-Less/dp/149151423X"><em><span style="color: windowtext; font-family: "Bookman Old Style"; font-style: normal;">Paradox
of Choice: Why More Is Less</span></em></a></i> (2015).</span> <span style="font-family: "Bookman Old Style";">by Barry Schwartz who stipulated ‘good
enough’ (satisficer) was a result of ‘choice overload.’ The above more
(maximizer) becomes enough (satisficer) is a factor ‘of habit, and settling
reinforcing good enough (satisficing). Note: the first edition of ENOUGH was
1992, the second 1995 based on this author’s writings going back to 1975.)</span></div>
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<![endif]-->Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-14535294545255012192020-04-28T11:19:00.000-07:002020-04-28T11:19:14.804-07:00‘Net Worth, Worthy, & The Worthwhile’ (Adaptability II)<!--[if gte mso 9]><xml>
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<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span class="st"><span style="font-family: "Bookman Old Style";">‘Net Worth, Worthy, & The Worthwhile’</span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span class="st"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">I’m not worthy; I’m not
worthy</span></i></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span class="st"><span style="font-family: "Bookman Old Style";">Alice Cooper</span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<em><span style="font-family: "Bookman Old Style"; font-style: normal; mso-bidi-font-style: italic;">Worth- (of) value, merit,
significance, meaning, appeal</span></em></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<em><span style="font-family: "Bookman Old Style"; font-style: normal; mso-bidi-font-style: italic;">Worthy – commendable, admirable,
creditable, laudable, praiseworthy</span></em></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<em><span style="font-family: "Bookman Old Style"; font-style: normal; mso-bidi-font-style: italic;">Net worth</span></em><em><span style="font-family: "Bookman Old Style";">: </span></em><span class="st"><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>a key measure of how much an entity is </span></span><em><span style="font-family: "Bookman Old Style";">worth</span></em><span class="st"><span style="font-family: "Bookman Old Style";">. A consistent increase in </span></span><em><span style="font-family: "Bookman Old Style";">net worth</span></em><span class="st"><span style="font-family: "Bookman Old Style";"> indicates good financial health;
conversely, </span></span><em><span style="font-family: "Bookman Old Style";">net
worth</span></em><span class="st"><span style="font-family: "Bookman Old Style";">
may be depleted by a decrease in asset values relative to liabilities.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="st"><span style="font-family: "Bookman Old Style";">On financial balance sheets, the net of
physical and intangible assets less liabilities is classified as ‘net worth.’
And even in personal financial planning, net worth (adjusted to assets less
objectives cost and liabilities) does not reflect let alone<span style="mso-spacerun: yes;"> </span>acknowledge the following assets (increasing
‘worth’ of)</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: -.25in; margin-right: 0in; margin-top: 0in; text-align: center;">
<span class="st"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Adaptability and resourcefulness</span></b></span><span class="st"><span style="font-family: "Bookman Old Style";"> that created the assets
</span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: -.25in; margin-right: 0in; margin-top: 0in; text-align: center;">
<span class="st"><span style="font-family: "Bookman Old Style";"></span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">But what I do have are a <b style="mso-bidi-font-weight: normal;">very particular set of skills</b></span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">Liam
Neeson ‘Taken’</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Each of us has a portion (chalek).
This portion/trait may be developed and manifested as a particular set of
skills or remain unmanifested. But most have incurred in their life – at one
point or another – challenges, difficulties, and in particular financial
obstacles – which they have overcome and not unusually due to their ‘particular
set of skills.’</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>I would often ask clients or
participants at my workshops:</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo1; tab-stops: list .25in; text-align: justify; text-indent: -.25in;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span dir="LTR"><span style="font-family: "Bookman Old Style";">Have
you incurred difficulties and especially challenges at one time or another in
your life.?</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l1 level1 lfo1; tab-stops: list .25in; text-align: justify; text-indent: -.25in;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span dir="LTR"><span style="font-family: "Bookman Old Style";">Did
you have overcome those difficult situations?</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Invariably
every client assented and attendees raised their hands.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Yet,
where on the balance sheet – the net worth statement – is this adaptability and
resourcefulness – recognized let alone monetized?</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Currencies
come and go – get devalued – ravaged by inflation etc.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">And
yet, that which we possess – the adaptability and resourcefulness – which
assists us in navigating these potential challenges is assigned no value other
than a nod to ‘human capital’ by yackety yak’ “I want to be your best friend so
I can maintain my 1% asset under management compensation even though robo
advisers are now charging 35 basis points or less” financial planners. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">And
on a spiritual level, especially addressing those who are not only concerned
with ‘outliving their money’ but as much now or moreso – seeking meaning IN
their life – ‘enough to live on, enough to live for:</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo2; tab-stops: list .25in; text-align: justify; text-indent: -.25in;">
<span class="st"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span dir="LTR"><span class="st"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Our
soul curriculum assets</span></b></span></span><span class="st"><span style="font-family: "Bookman Old Style";"> –<span style="mso-spacerun: yes;">
</span>incompletions of the soul that have been completed or made the progress
made toward completing</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo2; tab-stops: list .25in; text-align: justify; text-indent: -.25in;">
<span class="st"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span></span><span dir="LTR"><span class="st"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">The
good done & reflected (inside out)</span></b></span></span><span class="st"><span style="font-family: "Bookman Old Style";"> - guilt money, fruit of a poison tree)
or for vanity (commemorations, business development and plaques – (and I ain’t
talking cholesterol plaque) </span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="st"><span style="font-family: "Bookman Old Style";">And so, <b style="mso-bidi-font-weight: normal;">net worth – net worthiness</b> is related to tangible and intangible
financial assets and or assets which otherwise can be ‘monetized’ <b>shortchanging
adaptability, resourcefulness</b>, soul curriculum assets, and the good done –
only increasing dependency of on current currencies (as if there is never
‘enough’ which can come and go. </span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<br />Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-66058388146829523322020-04-28T11:10:00.000-07:002020-04-28T11:10:16.383-07:00The Yips, Yipes! or Yippee?<!--[if gte mso 9]><xml>
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<br />
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";"> Yips, Yipes! or Yippee?</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>There’s always a bust </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">There
will be bear markets.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">There
will be spikes.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>The market was down in the following
period/years:</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 1.0in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span dir="LTR"><span style="font-family: "Bookman Old Style";">1973-1974
= 43%</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 1.0in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span dir="LTR"><span style="font-family: "Bookman Old Style";">1987<span style="mso-spacerun: yes;"> </span>= 20% down in one day!</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 1.0in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; tab-stops: list 1.0in; text-align: justify; text-indent: -.25in;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span dir="LTR"><span style="font-family: "Bookman Old Style";">2008
= 33.8%</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Bear
markets are typically 18 months and are characterized by a drip drip drip down.
That said, however, bulls (up markets) take the stairs up while bears (down
markets) take the elevator down. Thus, bear markets go down faster than bull
markets go up. (Note psychological studies show it takes 4 positives to negate
1 negative).</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Nominal
number of spikes/declines in the stock market averages<span style="mso-spacerun: yes;"> </span>are confused with percentage declines
(especially by the parasite personal financial media pornographers).<span style="mso-spacerun: yes;"> </span>A 400 point decline on the Dow Jones’ at
24,000 is but 1.67% - but <span style="mso-spacerun: yes;"> </span>looks big –
huge – and <span style="mso-spacerun: yes;"> </span>the cause of investors to get
the yips (heartburn optional) but a 16.7 drop (the same 1.67% decline) on a Dow
Jones’ 1000 would go hardly noticed – and not require Maalox.)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">The
yips are an <span class="one-click-contentcss-1p89glee1q3nk1v4">expression of ‘oh
no!’, and alarm, while yipes! (holy sh*t) is an expression of fear. Yippee is a
verbal manifestation of exuberance, delight or triumph</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="one-click-contentcss-1p89glee1q3nk1v4"><span style="font-family: "Bookman Old Style";">Yips
escalating to Yipes! and yippee are</span></span><span class="e24kjd"> </span><span class="e24kjd"><span style="font-family: "Bookman Old Style";">two sides of the
same <b>‘outside in’</b> coin of the realm & reign.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="e24kjd"><b><span style="font-family: "Bookman Old Style";">Outside In Tool #1 Adaptability &
Resourcefulness</span></b></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">With money in your pocket, you are wise
</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i style="mso-bidi-font-style: normal;"><span style="font-family: "Bookman Old Style";">and you are handsome and you sing well,
too</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">Yiddish
saying</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="e24kjd"><span style="font-family: "Bookman Old Style";">Our balance sheets (defining ‘net
worth’ as the difference between our assets and liabilities) has an asset
missing (*). The asset? Our adaptability and resourcefulness that not only
created & accumulated the ‘net worth,’ but, despite difficult times,
overcame financial & personal <span style="mso-spacerun: yes;"> </span>challenges<span style="mso-spacerun: yes;">
</span>to allow the replenishing and or it’s net worth increase (to make one’s
personal financial goals).</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="e24kjd"><span style="font-family: "Bookman Old Style";">And yet, we and banks etc give no value
to our adaptability and resourcefulness on the balance sheet aka ‘net worth’ –
instead valuing only the effects not the cause – oneself.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="e24kjd"><span style="font-family: "Bookman Old Style";">Thus, this is a valuation
perspective<span style="mso-spacerun: yes;"> </span>of Outside In rather than
INside Out.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="e24kjd"><span style="font-family: "Bookman Old Style";">And so, when the market has its
inevitable spikes and bear markets – the yips and yipes! (sans Handy Wipes) take
over & occupy – even spiriling into panic (escalated by the hyperbole of
the personal financial pornography media). Worse, as a result, this dread may
require Baby Wipes per the part of the body ‘expressing’ itself.</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span class="e24kjd"><span style="font-family: "Bookman Old Style";">An exercise to possibly lower the
temperature of the yips, yipes and the necessity for Baby Wipes:</span></span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Recall one’s difficult periods life,
answer and fill in chronologically the following:</span></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Bookman Old Style";">Difficulty<span style="mso-tab-count: 1;"> </span><span style="mso-tab-count: 1;"> </span><span style="mso-tab-count: 1;"> </span>How resolved<span style="mso-tab-count: 2;"> </span>How stronger for it</span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">1.-</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">2.-</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">3.-</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">4.-</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">5.-
</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Did
you not endure these periods? Did you not come back from them? Did these
periods, in fact, make you, in some respects,<span style="mso-spacerun: yes;">
</span>even stronger? Did the descent (difficulty) lead to ascent?</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Did
money really get you through these periods or did your own <i style="mso-bidi-font-style: normal;">adaptability</i> and <i>resourcefulness </i><span style="mso-spacerun: yes;"> </span>ability allow you to figure it out?</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">And,
in the future, should, for example, a devaluation occur, will it not be your
adaptability and resourcefulness that will see you through to secure the
"currency of the realm" to accommodate to the situation?</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">We
confuse money (the current currency) with our wealth - our resourcefulness and
adaptability to ‘figure it out.’</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<b><span style="font-family: "Bookman Old Style";">Outside
In Tool #2</span></b><span style="font-family: "Bookman Old Style";"> <span style="mso-spacerun: yes;"> </span>Ignored due to the pursuit of More for
perceived LACK):</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">18
months preferably for cash near cash to weather the inevitable bear markets
minimizing the yips, & yipes! From the <span style="mso-spacerun: yes;"> </span>emotional reactions jeopardizing one’s
personal financial planning – co <span style="mso-spacerun: yes;"> </span>one can
‘all weather it out’ the storm </span></i></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Stipulating when I was in a fee only
personal financial planner one<span style="mso-spacerun: yes;"> </span>cardinal
rule of my ENOUGH practice, writings, and workshops:</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><i><span style="font-family: "Bookman Old Style";">One
manages goals not assets</span></i></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">A
tactic of the above rule was to have 6 months in cash, money markets – and
preferably 18 months (the typical bear market so one doesn’t make an emotional
whipsaw mistake) subject the financial goals and tradeoffs thereof.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Forget
18 months – 6 months was tough enough – as there would be complaints ‘it lowers
our rate of return relative to the Dow Jones, S&P.’ Again see ‘the cardinal
rule.’<span style="mso-spacerun: yes;"> </span>(Note: actually a 12 month even 6
months allowed lower deductibles for home and auto insurance coverage not to
mention the savings from lowered premiums in disability coverage due to taking
a longer wait period to coverage – which actually is a ‘rate of return.’)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Still
even with the 18 months – most still got the yips & yipes! despite constant
reminders of the 18 months will typically weather the storm. Jogging the memory
relative to their adaptability and resourcefulness would often get the retort <i>‘this
is different, I’m not young anymore, etc etc.’</i> Belief in the prospect of LACK
rules with its LACKtose intolerance – and result: spontaneous recovery to the
yips & yipes!.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><b>INside Out Tool #1 <i>ENOUGH</i></b></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><i>ENOUGH – </i>is healing personal
financial anxiety, puttin’ money in its place to align & connect again to
one’s significance/assignment – what one is meant to do, meant to be- enough to
live on, enough to live for – linking means with meaning.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>More is never enough. For more –
enough is a little more. More is lack (fear) driven. And yet, ironically, too
often, more, better, now becomes less worse later.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>More is relative– driven by external
comparisons – i.e. the Dow Jones, the S&P 500 Index, etc etc – (outside in)
rather than by one’s prioritized goals aligning means with meaning. More is
about ‘which stock, which mutual fund, which etf etc – <i>ENOUGH </i>concerns
itself managing the goals.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><b>INside Out (We’re A) Tool #2</b> </span><b><span style="font-family: "Rockwell Extra Bold";">Shaddai</span></b><span style="font-family: "Bookman Old Style";"> (as ‘enough’)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center; text-indent: .5in;">
<i><span style="font-family: "Bookman Old Style";">This land is Mine. You are but
wayfarers on it.<span style="mso-spacerun: yes;"> </span>Visitors to me.</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Leviticus</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">Confidence
= con(with) fidelis (faith)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";">Shaddai
= God, God Almighty, God All Sufficient, Enough</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Despite all the aforementioned, is it
not unusual to have the yips & yipes! – or at least intermittent visitation
by the yips. Given man’s fear of extinction (he identifies as the physical
body) he seeks permanence, continuity, and certainty through acquisition.
(Note: acquisition in Hebrew is Cain as, yes, Cain and Abel). The derivative of
acquisition is more (not enough) (more, more, more). Buttressed by the cultural
reinforcement that more is better – the yips & yipes! have fertile ground
from which to spring – regardless of enough, 18 months, adaptability and
resourcefulness.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Accepting Enough is hard enough, but
acknowledging that we don’t own assets but rather lease them ‘as this land is
mine’ and our role is caretaker to own UP to the assets (as a result of talents
on loan from God) – is beyond difficult. After all, ‘I earned and therefore I
can do what I want, when I want, with the assets’ within the law’</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>This identification with the asset as
‘mine forever’ compounds the yips & dismayed yipes! during these spikes.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Yes, we ‘earned it’ but it was God
given capacities that we developed into capabilities that yielded the assets to
be in our caretaking and to own UP to. i.e. Lou Ferrigno, the original
Incredible Hulk, was given a large frame and body (capacity). But it was years
of training, lifting etc that developed that body into the incredible Hulk. Now
this writer at 140lb might have the desire to be The Incredible Hulk – but not
the God given capacity to make the body into the capability of being the
Incredible Hulk. (I’ll have to settle for The Merchant of Venom).</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Hashem creates – we fabricate, refine
and curate.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>So where does our confidence (with
faith) rest? Outside in the current currency that can be devalued (think Widmar
Republic WWI and wheel barrows). Or is our confidence better placed in Hashem
and our exhibited and developed adaptability and resourcefulness to lower the yips,
yipes! and need for baby wipes?</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>We don’t get rid of yips & yipes!
but we can put them in context. And while that’s no Yippity Do Da, the yips and
yipes! can be restrained to lower the frequency and temperature of the yipes
and the need for baby wipes.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;"></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">Yipes! Ki Yay, Bruce Willis</span></b><span style="font-family: "Bookman Old Style";"></span></div>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-83117923243957513212019-12-29T11:32:00.000-08:002019-12-29T11:32:11.643-08:00Seek ENOUGH(sm) in The Material: seek MORE of The Spiritual<br />
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<span style="font-family: "Bookman Old Style";">Seek </span><i><span style="font-family: "Bookman Old Style";">ENOUGH</span></i><span style="font-family: "Bookman Old Style";">(sm) in The Material: seek M</span><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">O</span><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">R</span><span style="font-family: "Bookman Old Style"; font-size: 18.0pt;">E</span><span style="font-family: "Bookman Old Style";"> of The Spiritual</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">(<i>in the
spiritual</i>)</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Rockwell Extra Bold"; font-size: 14.0pt;"><b>ENOUGH</b> (<b>Shaddai</b>)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 3;"> </span><span style="mso-tab-count: 2;"> </span><span style="mso-spacerun: yes;"> </span></span><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;">seek </span>‘<i>more for</i>’</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"></span></span><span style="font-family: Wingdings; mso-ascii-font-family: "Bookman Old Style"; mso-char-type: symbol; mso-hansi-font-family: "Bookman Old Style"; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;"></span></span><span style="font-family: Wingdings; mso-ascii-font-family: "Bookman Old Style"; mso-char-type: symbol; mso-hansi-font-family: "Bookman Old Style"; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;"></span></span><span style="font-family: "Bookman Old Style";">less distance from Hashem (Shaddai)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"> whereas in the material seek <b><i>enough</i></b></span><br /><span style="font-family: "Bookman Old Style";"><span style="font-family: "Bookman Old Style";"><b><i></i></b></span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span><span style="font-family: Wingdings; mso-ascii-font-family: "Bookman Old Style"; mso-char-type: symbol; mso-hansi-font-family: "Bookman Old Style"; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;"></span></span><span style="font-family: Wingdings; mso-ascii-font-family: "Bookman Old Style"; mso-char-type: symbol; mso-hansi-font-family: "Bookman Old Style"; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;"></span></span><span style="font-family: "Bookman Old Style";"></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> The Material More...Enough....Frugality Continuum </span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"><br /></span></span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">‘</span><span style="font-family: "Bookman Old Style"; font-size: 11.0pt;">M</span><span style="font-family: "Bookman Old Style"; font-size: 10.0pt;">O</span><span style="font-family: "Bookman Old Style"; font-size: 9.0pt;">R</span><span style="font-family: "Bookman Old Style"; font-size: 8.0pt;">E</span><span style="font-family: "Bookman Old Style";">,</span><span style="font-family: "Bookman Old Style"; font-size: 11.0pt;"> M</span><span style="font-family: "Bookman Old Style"; font-size: 10.0pt;">O</span><span style="font-family: "Bookman Old Style"; font-size: 9.0pt;">R</span><span style="font-family: "Bookman Old Style"; font-size: 8.0pt;">E, </span><span style="font-family: "Bookman Old Style"; font-size: 11.0pt;">M</span><span style="font-family: "Bookman Old Style"; font-size: 10.0pt;">O</span><span style="font-family: "Bookman Old Style"; font-size: 9.0pt;">R</span><span style="font-family: "Bookman Old Style"; font-size: 8.0pt;">E(1)</span><span style="font-family: "Bookman Old Style";">
-----------‘<b><i>enough</i></b>’------------Frugality(2)</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">(1
man’s floor is another’s ceiling)</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">“<b><i>enough</i></b>”
may potentially integrate the material & the spiritual </span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">(aligning
means with meaning ((one’s significance-task)))</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-family: "Bookman Old Style";">to
<b>Shaddai</b></span><span style="font-family: "Bookman Old Style";"><span style="font-family: "Rockwell Extra Bold"; font-size: 14.0pt;"></span>(*)&(3)</span></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">(*) ENOUGH(sm) Jewish Personal Financial Planing is defined as:</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">healing personal financial anxiety, puttin’ money in its place</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">to
elevate, transcend, connect to one’s assignment/significance – </span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">what
one is meant to do, meant to be</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">enough
to live on, enough to live for</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">re-aligning
means for meaning©</span></i></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<i><span style="font-family: "Bookman Old Style";">ENOUGH</span></i><span style="font-family: "Bookman Old Style";">(sm) definition</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
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<span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">(1)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span dir="LTR"><span style="font-family: "Bookman Old Style";">More, Better, Now has a
habit (materially) of becoming less, worse, later in time</span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 39.0pt; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; tab-stops: list 39.0pt; text-align: justify; text-indent: -21.0pt;">
<span style="font-family: "Bookman Old Style"; mso-bidi-font-family: "Bookman Old Style"; mso-fareast-font-family: "Bookman Old Style";"><span style="mso-list: Ignore;">(2)<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span dir="LTR"><span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>In the name of FUability, frugality has a
component of fear (being under the thumb) but in the name of independence.</span></span></div>
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<span dir="LTR"><span style="font-family: "Bookman Old Style";">(3) Shaddai, in Hebrew: G-d, G-d Almighty, G-d All Sufficient, Enough! (There is no word for Hashem (G-d) of the 50+++ words and phrases that translates to 'more'</span></span></div>
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<br /></div>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-50241530956894734122019-12-20T15:59:00.000-08:002019-12-20T15:59:01.610-08:00Enough in the material; MORE in the spiritual<!--[if gte mso 9]><xml>
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<b><span style="font-family: "Bookman Old Style";">Enough</span></b><span style="font-family: "Bookman Old Style";"> in the material; <b>M</b></span><b><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">O</span></b><b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">R</span></b><b><span style="font-family: "Bookman Old Style"; font-size: 18.0pt;">E </span></b><span style="font-family: "Bookman Old Style";">in the spiritual<span style="mso-spacerun: yes;"> </span></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12.0pt; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Relative to this<span style="mso-spacerun: yes;"> </span>material world, from a Judaic perspective,
Shaddai is Enough (see Genesis 33). If anything, we don’t own but as caretakers
– shomer tov (good guardians) – rather we are to own UP to (spiritualizing the
material) remembering Leviticus ‘this land is mine. You are but wayfarers.’
Thus seeking <i>more for more’s sake</i> and for <i>me, my, mine</i> – (often
sacrificing what is needed -enough & Enough ((Shaddai)) - for what is not
needed) has not the unusual following outcome: more (</span><b><span style="font-family: "Bookman Old Style"; font-size: 18.0pt;">M</span></b><b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">O</span></b><b><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">R</span></b><b><span style="font-family: "Bookman Old Style"; font-size: 10.0pt;">E</span></b><span style="font-family: "Bookman Old Style";">) better now becomes less worse later. </span></div>
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<span style="font-family: "Bookman Old Style";">In contrast,
for the spiritual, we should seek to ‘accumulate’ (even pre-mature
accumulation!) <b>M</b></span><b><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">O</span></b><b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">R</span></b><b><span style="font-family: "Bookman Old Style"; font-size: 18.0pt;">E! </span></b><span style="font-family: "Bookman Old Style";">Why?
For closer and closer proximity connection, reconnection, continuing connection
- attachment to Shaddai) as ‘enough is not enough’ in continuing to complete
the incompletions of our soul in this life’s soul curriculum.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none;">
<br /></div>
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<span style="font-family: "Bookman Old Style";">********</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Per Genesis,
unlike the other 5 days of creation & the one day of rest, on the second
day – there was no creation. There was material separation – night from day
etc. </span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Separation
(kedosh in Hebrew which also means holy) was & is necessary for order as
distinct from chaos (i.e. today’s <i>multi moralities</i> spun as <i>multi
culturalism</i>, diversity, and assertions of ‘my truth’ by the likes of
#metoo$ue for example.) Paradoxically, while there is the cliché – out of
sight,- out of mind, separation is also necessary for closeness – as absence
does make the heart grow fonder. (As one Jewiss ((how’s that for lingo of the
past)) once stated, after separation per the mikvah and her period, “it’s like
we are honeymooners again!”)</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">And yet,
spiritually, we seek connection, reconnection, continuing connection –
attachment rather than separation. If anything, Judaically, the concept isn’t
evil per se but distance separation from Hashem. Thus, in this material life,
in spiritualizing the material, we are separate for our assignment/significance
– our ‘orders’ - in manifesting our spark of the divine developing our chalek
(portion). And with manifesting this separation / holiness for order in this
material creation, there is a furthering toward connecting, reconnecting,
continuing connecting for our return reducing our distance from Hashem</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">In
materializing the spiritual – separation for closeness and order for holiness.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">In
spiritualizing the material there <span style="mso-spacerun: yes;"> </span>is
narrowing of distance advancing proximity, closeness – for the homecoming of
return to Shaddai – The Enough.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: justify; text-autospace: none;">
<br /></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none;">
<b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;"></span></b></div>
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none;">
<b><i><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;"></span></i></b><b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;">Enough Said</span></b></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
<br /></div>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-37733225699708727962019-11-04T11:14:00.002-08:002019-11-04T11:14:48.843-08:00Personal Financial Anxiety: Where's The Acknowledgment? Where's The Love?<!--[if gte mso 9]><xml>
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<span class="cz281sgla6fspi6fiayz2uhb3x"><span style="font-family: "Bookman Old Style";">Personal
Financial Anxiety: Where's The Acknowledgment?</span></span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">The
market a few weeks ago went down 800 points on a down 26,000 or 3.5+%</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">Bitching</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">Complaining</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">High
anxiety</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">Oy
vey vas mir on steroids</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">Woe
is me</span></div>
<ul type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Regardless of years & years of
explaining the market on the downside drops at least two times faster and
the real indicator is downs that are slow dip dip dip, </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">despite cautioning not to confuse
the nominal with the relative (i.e the absolute amount with the
percentage) over and over and over for years, </span></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">and finally despite former clients
and friends telling me they understand Enough - and managing goals not
assets - </span></li>
</ul>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">When
the market was down 2.5%+ or 800 points in one day - some of these same
clients/friends were bordering on hysterical with annoying fear - calling me
(retired from practice over 20 years) with their concerns - heightened by the
blood in the streets commentating of the personal financial pornography media
& financial planners who practice 'more, more, more'</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">Still
obviously, my advising relative to Enough was ineffective hasn't inoculated.</span></div>
<div class="MsoNormal">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">It's coming to you, Mister</span></i><span style="font-family: "Bookman Old Style";"></span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">Who made you the center of the
universe, Jimmy</span></i><span style="font-family: "Bookman Old Style";"></span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">my father to this then 9 year old who </span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">was complaining about a cold hot dog at
Howard Johnsons</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">So
why - the crickets - (JIMiney's Crickets???) the silence now that the 800
points - the 3.5%+ has not only been recovered and then some with the Dow
hitting an all time high today over 27,000. Where is the acknowledgment?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">Because </span></div>
<ul type="disc">
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">The Enough of managing goals not
assets has not been internalized</span></li>
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Given Enough hasn't been
internalized - when a stock etf etc hits a high - it's 'ours' - when it
declines - something - what belongs to us - has been taken -<b> even
stolen '</b>how dare they' 'I'll have (and am?) less!'</span></li>
<li class="MsoNormal" style="mso-list: l1 level1 lfo2; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-align: justify;"><span style="font-family: "Bookman Old Style";">Which leads to anxiety, woe is me,
stupidity - cutting off the stock, etf etc to spite the goal</span></li>
</ul>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">Had
Enough - managing goals not assets - been internalized - at the very worst the
question would have been - do I still have enough relative to each goal</span></div>
<div class="MsoNormal">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">more, more, more - are we all
morticians?</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">e.e. cummings</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "Bookman Old Style";">More is a
living disability when there is temporary less...</span></div>
<div class="MsoNormal">
<b><span style="font-family: "Bookman Old Style";">More-onitis</span></b><span style="font-family: "Bookman Old Style";">.... wonder if there is a flu shot
strain for this.</span></div>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-69966057111037122342019-11-04T09:45:00.000-08:002019-11-04T09:45:13.619-08:00Obligations, Rights & FUability<!--[if gte mso 9]><xml>
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<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">Obligations, Rights & FUability</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">In the modern concept of rights
developed in the seventeenth and eighteenth centuries, v<span style="mso-spacerun: yes;"> </span>formulated as "life, liberty and
property" (highjacked – jds into) or<span style="mso-spacerun: yes;">
</span>"life, liberty, and the pursuit of happiness," rights
transcend civil society, which then translates them into constitutional, civil,
criminal, and property rights. <b>In contrast, the traditional Jewish view on
rights is derived from the biblical sense of the obligation</b> of all humans
to God as their creator, sovereign, and covenant partner.</span></i></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">Daniel Elazar</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">One of the so called power phrases that
would resonate with my fee only personal financial planning first generation
entrepreneurial closed held corporation clients when I was in practice was
‘becoming independent of their independent business.’ </span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Why?</span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">At first glance, it would not be
surprising that 80%+ of their net worth was tied up in the business – so to
have ‘enough’ required a conversion of this asset and the income from it – to
passive investments to have enough and minimize the dependence of their
corporation.</span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Now digging deeper below the surface,
the quest to be independent of their independent business sequentially was in
excavating </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>To not be dependent</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 2;"> </span>To not be a burden</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 3;"> </span>For dignity &
avoidance of humiliation</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 3;"> </span><span style="mso-tab-count: 1;"> </span>To not be obliged</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 4;"> </span><span style="mso-tab-count: 1;"> </span>To not be under any one’s thumb</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 5;"> </span><span style="mso-tab-count: 1;"> </span>To not take shit</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 6;"> </span><span style="mso-tab-count: 1;"> </span>To have FUability</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>But this sequence wasn’t particular at
all to the first generation closed held corporation entrepreneur. </span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Initially, when prioritizing personal
financial planning objectives, it is not unusual for the goal of income
replacement upon disability is ranked toward the bottom relative to the other
goals of retirement, financial independence, education for the kids, income
replacement for the spouse upon the client’s passing etc etc etc.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>However, when ranking – what is the
payoff or what is avoided by achieving each of these goals – and reranking
based not to the nake of the goal – but what is the payoff (gain) or avoidance,
income replacement upon disability – unless the payoff or avoidance can be self
insured with liquid assets – moves up close to the top. (Same holds true for
capital depletion due to long term care costs for older clients). </span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Why? </span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">To not be dependent</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 2;"> </span>To not be a burden</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 3;"> </span>For dignity &
avoidance of humiliation</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 3;"> </span><span style="mso-tab-count: 1;"> </span>To not be obliged</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 4;"> </span><span style="mso-tab-count: 1;"> </span>To not be under any one’s thumb</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 5;"> </span><span style="mso-tab-count: 1;"> </span>To not take shit</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 6;"> </span><span style="mso-tab-count: 1;"> </span>To have FUability</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span></span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">Howdy Doody Do’s & Howdy Doody
Don’ts</span></i></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">Howdy’s Do’s (Shoulds) and Don’ts
(Should Nots) for kids</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">The Howdy Doody Show in the ‘50s (*)</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span></span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">We don’t wish to owe – to be owing – to
be obliged. And yet, Judaically, we secure our rights by fulfilling our
obligations. Furthermore, given man isn’t self sufficient but requires other
people, reciprocity requires mutual fulfillment of obligations to each other.
Being responsible is fulfilling our obligations – by agreement in action or
stored energy (currency of past actions).</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>To believers in G-d, we are given
inalienable rights. Still these rights are maintained – fortified by our
performing individually and as a country our obligatory responsibilities.
Responsible dispatching of our obligations – what we owe – what we are obliged
to – in reciprocation gains and maintains rights.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>And yet, it seems – the demanding for
rights, new rights is based not on obligations in reciprocation being fulfilled
but on the basis of entitlement – asserting being offended & victimized
with an ever increasing shrillness & violence.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">It’s coming to you? </span></i></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">When did you become the center of the
universe, Mister?</span></i></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">My father, Ellis Schwartz to this
writer age 9 over a cold hot dog</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>at Howard Johnson’s</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Give me, buy me, take me, I deserve it
– I demand it –it’s coming to me’ – it’s my right – even ‘you didn’t build it’
is the manifestation of rationalization of theft – taking without payment –
avoidance of the responsibility of fulfilling obligations being obliged in the
name of ‘rights.’</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>The wrongs of rights.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Obligation – being obliged – without
reciprocation and or meaning – means ‘having to take it.’ Obligation as a means
to meaning – sheds the imposed feeling – humiliation of being forced,
compelled, coerced. Obligation in the line of meaning becomes <b>in the call </b>of
duty. </span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">When religion is all obligation and
sans personal meaning – when the cup is more important than the coffee – 45%
become religion resisters who ‘are not obliged – and ‘rightfully’ so.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">When you change the way you look at
things, </span></i></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<i><span style="font-family: "Bookman Old Style";">the things you look at change</span></i></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">Max Plank</span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Obligation is the <b>call </b>of
Meaning</span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Aligning – realigning one’s means with
meaning expresses/conveys <i>the</i> sense of <i>grateful</i> obligation.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-family: "Bookman Old Style"; font-size: 16.0pt;"></span></b></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<b><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;">Howdy Doody ‘<u>Duty</u>’</span></b><span style="font-family: "Bookman Old Style"; font-size: 14.0pt;"></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">(*)
Howdy Doody was the first nationally televised American children's TV program
and a prototype for what followed. Buffalo Bob Smith hosts while the puppet,
Howdy Doody, starred.</span></div>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-73511692653002866302019-10-11T07:12:00.000-07:002019-10-11T07:12:50.515-07:00Enough In The Material; Not Enough In The Spiritual<!--[if gte mso 9]><xml>
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<span style="font-family: "Bookman Old Style";">Enough In The Material;</span></div>
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<span style="font-family: "Bookman Old Style";"><span style="mso-spacerun: yes;"> </span>Not Enough In The Spiritual</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">(A Yom Kippur Eve Reflection on 'The
Rebbe’s' Thought)</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>“It’s true that our Sages teach (per
Ethics of The Fathers 4:1) ‘Who is rich? One who is satisfied with what he
has,’ but <i>this applies only to material wealth.. When it comes to spiritual
matters</i>, however, a person must never be content with his current state.”</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">The Rebbe as told to the late
Ambassador Yehudah Avner</span></div>
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<br /></div>
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<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span><b><i>Thus, in material matters Enough<span style="mso-spacerun: yes;"> </span>not More; in spiritual matters More not
enough – not contentment.</i></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>Last point, it is God who is
referred to also as Shaddai (God, God Almighty, Enough). And when Jacob
(Yaakov) finally confronted with Esau – he gave Esau riches (though initially
Esau demurred). Responding to Esau as to why Yaakov would give Esau such lavish
gifts (when Esau was already wealthy), Yaakov responded, ‘I have plenty –
enough.’</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";"><span style="mso-tab-count: 1;"> </span>When all is said and done materially
and spiritually in this world, it is Hashem who is was & always will
be Shaddai – ‘enough.’</span></div>
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<br /></div>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0tag:blogger.com,1999:blog-8427691153445770669.post-47542741210058281602019-09-26T07:40:00.001-07:002019-09-26T07:40:39.961-07:00ENOUGH(sm) Jewish Personal Financial Planning©: A Chiropractic Process of RE-aligning Means with Meaning<!--[if gte mso 9]><xml>
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<i><span style="font-family: "Bookman Old Style";">ENOUGH</span></i><span style="font-family: "Bookman Old Style";">(sm) Jewish Personal Financial Planning©:</span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">A Chiropractic Process of <b>RE</b>-aligning
Means with Meaning</span></div>
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<br /></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "Bookman Old Style";">Number Cruncher or Goal Cruncher &
Adjuster?</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">Personal financial planning is first
& foremost managing goals. Financial planning, in contrast & in the
disguise of personal financial planning is foremost managing assets for More,
More, More (2)</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">The ‘Planner’s Role in ENOUGH: Jewish
Personal Financial Planning is Chiropractic: (<b><i><u>re</u></i></b><i><u>-aligning</u>
means with meaning IN one’s life</i> INside out) i.e. via fiscal <i>adjustments</i>
for life and spiritual values & mission (assignment)</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">The role of the financial planner is
evolving (actually being forced) to change due to demographic shifts and the
compression of the assets under management compensation model. To fend off
additional commodization of the compression of the traditional 1% of assets
under management many planners (1) (really asset managers in personal financial
planner clothing) are turning to ‘life planning’ and ‘financial therapy.’ </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">This life & financial therapy
planning, at best, is playing Mr. Rogers ‘can’t we be friends’ to minimize fee
compression via ‘value added.’ The re-alignment of means – financial resources
– and meaning (goals, objectives, mission – meaning) is done within empirical –
actionable context – rather than ‘I feel your pain…can’t we be friends.’ (Note
any planner doing ‘life planning and financial therapy’ ask for their financial
plan (if they have one) and don’t accept ‘it’s in my head, now let’s talk about
you.’</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .5in;">
<span style="font-family: "Bookman Old Style";">For real personal financial planning
chiropractic re-alignment of means with meaning (putting the person back in
personal financial planning) with output – see my Soul Resume: After Life
Insurance and the Personal Prospectus in the 2<sup>nd</sup> edition of Enough.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">1.-
by the robo planners etc (notice I don’t use the term personal in this
financial planning as it is typically just financial techniques applied to
personal assets not personal financial planning)</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Bookman Old Style";">2.-
more, more, more – what are we all more-ticians – e.e. cummings. More, better,
now has a habit of becoming ‘less, worse, later’ - schwartz</span></div>
Jim Schwartzhttp://www.blogger.com/profile/08395839131465534266noreply@blogger.com0