The Long Money Walk

Boots on the ground in The Grand Canyon, Arizona

I like to go for walks.  I prefer long walks in places of solitude that let me dial into the peace of the natural world.  My favorite walks have a backpack, family and friends that appreciate solitude, my dog and comfortable boots.  I like lightweight boots that are barely noticeable on my feet yet provide excellent support.  When I stop for a rest on a long walk I look at my boots and remember past walks.  My current favorite boots have been a lot of places including The Grand Canyon, the Inner Basin trail in Flagstaff, the West Fork trail in Sedona and recently, the Bear Creek Trail in Telluride.  Where will these boots take me next?  What will happen to these boots at the end of their useful life?

From a money perspective, when we finish our walk in this life we’ll figuratively untie our financial bootlaces for the last time.  Our financial accomplishments and spending failures, borrowing achievements and investment regrets will impact those whom we leave behind.  Here’s a few ways our financial “boots” will impact those around us at the end of life’s trail:

  1. Your boots will be put in storage, never to see the light of day.  The financial impact of your life on this world was so meaningless that you are quietly forgotten.  Your spending and borrowing was responsible but centered on you.
  2. A family member, friend or business associate will choose to walk in your boots.  The way you lived serves as a beacon for future generations of responsible borrowers.  Your financial legacy will add value to people coming behind you.
  3. Someone will be forced to walk in your boots.  Your lack of accountability and reckless borrowing will require someone to pick up the pieces of your financial life.
  4. They’ll be displayed as a reminder of a life well lived.  The legacy of your financial life is preserved with loving care by future generations.  How you lived and worked with what you had becomes a “how-to” guide for future spenders, savers and borrowers.
  5. Your boots will be donated and find the feet of a grateful stranger.  The prudent spending, investing, borrowing and generous giving you made during your lifetime will anonymously enrich others.

Be a responsible spender, saver, investor and borrower during your lifetime and you’ll leave a living legacy of financial security to your followers.  The choice is yours.

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About Michael Shelton

Your Business Coach Facilitating Delegation and Work Group Engagement Michael Shelton has over twenty-five years of business and military accomplishments, including extensive experience with one of the largest, publicly traded real estate investment trusts (REIT). He is a qualified business coach with assignments in cross-functional work group management, strategic planning, unit leadership, joint venture acquisitions, executive education, mentoring, training and merger integration. Michael has accumulated best practices for building committed work groups from more than $4 billion of capital markets transactions and commercial property development. He served as a commissioned officer and helicopter pilot in the U.S. Army, and earned his MBA from The University of Arizona. Michael has served as a major conference panelist and is the author of Cash Flow Rich, Winning Ways to Evaluate and Finance Real Estate. Today, he helps business owners get more work group engagement as President and CEO of Shelton Business Services, LLC in Scottsdale, Arizona. Disclaimer: I don't offer investment, legal or tax advice. Talk to your broker, accountant or lawyer for investment, tax and legal help. I might own stock in the companies I mention on-line. My posts, tweets and other on-line activity are my personal thoughts and don't represent my employer or company.
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