WT Blog

Your Life as a “Living Legacy”

January 22, 2014 0 comments Finances, Financial Freedom

Darren Hardy, in his book The Compound Effect, discusses the power of your “why.” If you were offered twenty dollars, he asks, to walk a thirty-foot plank that was lying on the ground, you would certainly accept such an easy challenge. But what if the plank were between the tops of two tall buildings?  Would twenty dollars be enough to take such a risk?  Then imagine that you needed to cross that plank because the other building was burning and your children were in peril.  Under such circumstances, all of us would scramble across, without even a thought about money.  This illustrates the power of determining your “why” – understanding what motivates you to action.

Unless we find a source of motivation, energy, and inspiration – something truly important or even urgent – we won’t take the action we ought to take. As humans, we are incredibly prone to procrastination or taking the path of least resistance. By and large, we avoid change and are slow to move toward new ideas and innovations. What we need is to see and understand our “why,” opening ourselves up to different perspectives as well as new resources, searching and then focusing on how to move in the right direction.

Based on our combined 40 years of professional experience, we want to tell you, loud and clear: Yes, you can do this.

When we reflect back on the hundreds of individuals and families we have been fortunate to serve and advise, we can tell you with confidence that we’re talking about saving and changing lives in ways that make your family, your community, and even the world a better place. And that’s not hyperbole! Once you make up your mind that there is a compelling enough reason, you can rise to the challenge. So what is that reason for you?

If there’s no good reason to cross that plank, you are unlikely to bother. If you (like so many others) don’t see financial and estate planning as something more than a series of administrative or business decisions with lots of details needing to be managed, then you won’t get to the place where Nobel was able to make his transformative decision. Your life will not become a living legacy.  If you only look at the risk of falling into the abyss, you will feel paralyzed and do nothing.  But if you have a good reason, a really good reason, you will make it happen – and God knows there certainly is an abundance of really good reasons in this world.  The personal way that you choose to respond to them is how you will write your epitaph and create your life and legacy.

Vision first, then goals

Vision must come first before specific goals can take shape. Admittedly, vision is a big, vague, and sometimes intimidating word. But it is also a very important amalgamation of our values, principles, ethics, and beliefs, as well as the outcomes we hope to make a reality. Preferably we can make this happen during life, but if not, then through our planning and our legacy.      –Excerpt from chapter 2

You Can Do More That Matters
Download a chapter of the book at www.domorethatmatters.com 

Greg Hammond, CFP®, CPA is a wealth impact strategist who works with individuals, families, closelyheld and familyowned businesses, helping them grow and preserve wealth, plan for retirement and  manage their charitable giving. You can reach Greg at 1-800-416-1655 or info@hammondiles.com  for financially intelligent guidance or a Wealth Impact Assessment to show how you can build a legacy of your values, influence, and money without sacrificing your own lifetime goals and objectives.

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Greg Hammond
Greg Hammond is passionate about helping people make a greater impact in their lives, their families, and in their communities. Using his remarkable range of experience, Greg helps individuals establish what’s most important, then set and pursue goals toward preserving and growing their wealth. He believes everyone should have a chance to “do and achieve what matters most.” As a wealth advisor, Greg has counseled hundreds of individuals, families, and business owners on developing strategies for investments, intergenerational wealth transfer, building a legacy, reducing taxes, protecting the value of their estates, and charitable planning. A sought-after charitable giving and financial educator, consultant and speaker, Greg has been in financial management for more than 20 years. He is frequently interviewed by the media; recently by the Wall Street Journal for “Earning Income While Making a Gift” and the Hartford Business Journal Nonprofit Notebook for “Planned Giving.” Greg co-hosted the radio show, “Planning for Tomorrow” on WTIC News Talk 1080AM covering topics such as creating lifetime income, charitable use of life insurance, and philanthropic planning. He has been interviewed on WTIC AM news, published a special report on nonprofit challenges, and regularly speaks on “Building a Legacy” at national and regional conferences, estate planning councils, religious and nonprofit organizations. A graduate of Miami University, Oxford, Ohio with a B.A. in Accounting, Greg is a CERTIFIED FINANCIAL PLANNER™ Professional and Certified Public Accountant. Greg is also a certified True Wealth Consultant, a member of the Partnership for Philanthropic Planning (PPP), The Planned Giving Group of Connecticut (PGGCT), The Financial Planning Association (FPA), Association of Fundraising Professionals (AFP), The American Institute of Certified Public Accountants (AICPA) and the International Association of Advisors in Philanthropy (AiP). Greg’s commitment to making a difference has guided him to participate in Habitat for Humanity and to lead groups on mission trips in the United States and Mexico. Greg contributes to his local community as a board member for PGGCT, Treasurer for Westminster Presbyterian Church and Advisory Board member for The Connecticut Forum. Greg and his business partner, Scott Iles, sponsor many annual fundraising events for nonprofit organizations including a golf tournament to benefit ALS and fundraising for the Connecticut Children’s Medical Center. A published author, Greg lives in West Hartford, CT with his wife Karen and their two daughters. Greg enjoys research and writing, tennis and a challenging game of golf when he is not at the office or enjoying time with his family.

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