CCM INSIGHTS
A Newsletter by Compass Capital Management
BE OUR VALENTINE?
Valentine’s Day is all about love, commitment, and pretending you didn’t panic-buy a gift at CVS last night. But while everyone’s focused on chocolates and candlelit dinners, I’m here to talk about the real long-term relationship in your life: You and your money.
�� What a Healthy Money Relationship Looks Like
In strong relationships, there’s communication. Transparency. Shared goals. Boundaries. With your money, that looks like:
Knowing where it’s going (and why)
Having an emergency fund so surprises don’t ruin your mood or your credit score
Investing regularly instead of waiting for “the perfect time”
Spending on things you love—without guilt or financial chaos Romantic, right?
Flowers fade. Chocolate disappears. But a solid financial plan? That sticks around. This Valentine’s Day, commit to a relationship that actually supports your future.
A LOOK INSIDE THIS ISSUE:
1.Be Our Valentine?
2.Money is NOT the Goal
3.Upcoming
Closures
Your money is ready for something serious. And yes you can still order dessert.
Happy Valentine’s Day ��
MONEY IS NOT THE GOAL
BY: JIMMY J WILLIAMS, CPA/PFS, CFP , CRPC ® ™
Money is a strange, enigmatic object People think it is necessary for happiness in life Others may think it is truly a means to purchase necessary items for surviving on the planet. The good news is money is only a utility for … me.
Happiness research has been performed for decades to help scientists understand how humans attain and maintain happiness in their lives For me, happiness is a state of mind, not the result of an action This article will help bring some sense of balance to your desire for happiness and your need for financial support
People living in underdeveloped countries learn to be happy on extraordinarily little assets or income Imagine your annual earnings of less than $1,000 USD and you have all the physiological and housing you need for your family of five. When polled, these individuals were provided with additional income and many of the respondents retained the funds for future reserves instead of buying more assets for lifestyle. That is quite a testimony that money alone will not bring lasting happiness
Conversely, in the United States, according to a Wharton School Study in 2024, the polled individuals indicated that excess of $200,000 USD annually was required for them to be happy and feel secure about their future Imagine the difference in lifestyle from a family of five only needing $1,000 USD versus a single person requiring $200,000 USD for annual needs
Although the cost of living continues to rise, many individuals’ net pay in the United States has not risen commensurately. What can be done to bring happiness to these individuals who have established a certain level of income to bring their happiness? A shifting of the mindset as to the lasting and impactful activities in life that truly bring lasting peace and contentment For example, exercise produces endorphins that generate a euphoric-like attitude in the brain of the person in the activity It is almost impossible to be sad and depressed when you are working out and your brain is experiencing the power of neurotransmitters such as dopamine and serotonin
I am not a physician; however, we advise individuals with the best probabilities of a strategy applied consistently in life that will give them the most happiness as they define it. If you need more happiness in life, a new plan will bring about the desired feelings and mindset? Consider simple changes, apply in a consistent manner, and measure your mental state in terms of happiness
Seek out a CPA and CERTIFIED FINANCIAL PLANNER™ to help you develop a plan that impacts your entire life instead of focusing simply on accumulating money. Humans are complex beings. We focus on making life simpler and more rewarding for you. As the songwriter said so eloquently, “Don’t worry; be happy!”
UPCOMING CLOSURES
FEBRUARY 10 T H
FEBRUARY 16 T H
Closed for team training
Closed for Presidents’ Day
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