May 2019 Commentary: Navigating Life TransitionsSubmitted by MidWestOne Investment Services on May 1st, 2019
About six weeks ago, I told you about Ellie’s volleyball team heading to Indianapolis, attempting to qualify for Nationals. They were very successful, wading through a field of 102 teams to win the qualifier and advance to Nationals, which was this past weekend in Dallas. In Dallas, they didn’t place as high as they would have liked, even though they finished the weekend with a 6-2 record, running their season record to 40-8. After seven seasons, this chapter of her life ends and she moves on to her next big thing.
This update is a bit more than a proud dad brag. For Ellie, it is one of the first meaningful transitions she will encounter in life. Some of us transition to new jobs, save and pay college expenses, perhaps we buy a new house, maybe become empty nesters, or move into retirement phase. Financial planning revolves around navigating life’s transitions and the earlier the planning starts, the better prepared we are to transition into the next phase.
Volleyball was a learning experience for Ellie, but the best part is I have also been involved in learning through the years. When she was being recruited, we were introduced to the Train Ugly Growth mindset. Many of the ideas and concepts seem like common sense until you evaluate how effective you are at actually using them. I have a few favorites, but the one applicable to today is “skills are built, not born”. No one is born to be great with money or to be great financial planners. We get there because we put our plan into practice and we look for ways to improve it as time passes. As one of my favorite Peloton instructors says, “If you aren’t willing to push out of your comfort zone, how will you grow?” Here is a link to the Growth Mindset hub on the Train Ugly website:
One last thing. This week, our bank added substantially to our team and footprint with the American Trust group in Dubuque and Wisconsin. As a result, we have added four new members to our Investments team. Please check out our website, http://www.midwestoneinvestmentservices.com/our-team to “meet” the new people.
And one last, last thing, I will leave you with two pictures, one from the beginning of Ellie’s club volleyball career and one from the end. Thanks again for indulging my coloring outside the lines!
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