If you are reading this on the day that I post this, “Happy Thanksgiving!”  I encourage you to take the time and think about all of the things that you are thankful for in your life. Some of them can be regarding relationships such as family and friends, while others can be more mundane such as running water. Write these out.

What things are you glad that you have?

What relationships do you value?

What do you like best about your work?

Once you are finished with this list, consider taking the time to think about why those relationships or items are important to you. Is there anything else that is missing?

If so, write those down. Now, is there anything else missing? Anything for which you are truly thankful and not just writing down that you are thankful. If so, repeat. If not, I would like for you to think about your life and where you have spent your resources.

Now, what items are you surprised are not on your list?

Thankfulness is useful in that it often gives us an indication of what it is that we truly want to preserve.  As it relates to financial planning, this can give us an indication of where at least a portion of resources (time, money and skills) should be directed. And no, just because you may be thankful for running water does not mean that you necessarily have to purchase a fancier faucet. It does show that you would like to make sure that by and large that this remains in your life… that it is preserved. Preservation is a substantial part of financial planning as it relates to wealth and risk management.  The final question can be an indicator of changing priorities. Now it can be that some things are being taken for granted. For example, if you have electricity, I am fairly confident in suggesting that is something you should want to preserve. If however, something truly does not mean something to you, why maintain it? Consider focusing on the things and relationships for which you are thankful.

Please feel free to share what you are thankful for this Thanksgiving by writing , and have a very Happy Thanksgiving.