Don’t let the changes in the stock market affect how you live your life.
In this video, James Lenhoff, president of Wealthquest, defines The Ceiling and The Floor, and the perceived problem between the two.
As you’re planning for your future, you think about what you’re going to do once you have a million dollars in your account. You might envision what you’ll do once you retire, how you’ll invest in your kids, or how you’ll spend your time. This is The Ceiling.
But then you get there. You now have a million dollars in your account and you have the ability to do those things you once only dreamt of doing. You’re now standing on those dreams. This is The Floor.
When the stock market fluctuates, when it takes a turn in the wrong direction, you might hesitate to follow through with your plans. No matter how the stock market ebbs and flows, don’t let fear control how you live your life.
At Wealthquest, you’ll discover a new approach to wealth management where your investments, tax preparation, and estate planning services are offered by one team of fiduciary experts, all under one roof, for one simple fee. Wealthquest is a fee-only financial planning and wealth management firm focused on the integration of your life and finances. Regardless of your account size or stage of life, our firm can help.