FIDUCIARY FEMALE-OWNED FEE-ONLY

There Is Fat In Broccoli?

healthy personal finance

There is!  Of the 33 calories in a cup of broccoli, there is .33 grams of fat, 2.48 grams of protein and 5.84 grams of carbohydrates (the good ones).  This sweet treat (1.50 grams of sugar) also has 2.3 grams of fiber.  Avocado, technically a fruit has 7.71 grams of fat per <2 oz. serving.  If healthcare really begins at your kitchen table, then it’s good to have food facts.  As with many women, I’ve tried a lot of different ways to shed unwanted weight.  All worked until I stopped the program.  I’ve lost the same 10 pounds at least five times.  But I’d like to lose 25, not 10.  And I’d like to keep it off.  In other words, make a change strong enough and for long enough that this issue does not come back again. 

Context is key.  Following a food program is a re-set.  I ate real foods full of fiber and water prepared without oil, salt, or sugar.  There was no meat, no fish, and no dairy.  At first, the taste difference is extreme – the food seemingly had no flavor.  But, over the course of three weeks and 63 meals, I adjusted.  During the three weeks, I learned how to buy, store, and cook these foods so that when the program ended, as it has now, I can continue on my own.  I am doing that.  It’s true that when you eat this way, you will get full before you can get fat.  I am still losing weight while feeling full between meals.  I eat at 9 a.m., middle of the day and dinner generally by 6 p.m. I spent Sunday preparing food for the week based on a quick electronic meal planner I used, so I know what I am eating when I get to that meal and it’s ready (or close) when I need it.

This will seem like common sense to people who eat for health already.  For many reasons, I just could not get there on my own.  Seeking help was an answer for me, but it is more than one program.  It’s learning the how and why so I have context for continuing versus slipping into old patterns.  My confidence is growing around taking responsibility for healthful eating. 

How does any of this apply when we’re thinking about personal finance? 

What’s straightforward for an advisor from years of study, certifications, and practice, can be much more difficult for a client.  Clients are often enamored with rental real estate.  Make that rental a beach house and it’s a sure bet, right? 

Time to re-set. Doing the math is the first step. There are only two ways to make money on rental real estate: cash flow (rents are higher than expenses) or price appreciation when you sell.  As advisors, we walk through the calculations that any investor should consider.  What could go wrong?  If you aren’t cash flow positive each month, you’re spending your own money to help those families rent your beach house.  If you pay too much for the property going in, you’ll lose on the back end after you pay the exit costs (Realtor, transfer/excise taxes, etc.)  Clients and would-be investors know these things but sometimes fail to do them when the emotion and excitement around having a beach place takes hold.

Context is key.  If a client wants rental income from an investment property and they want that property to be at the beach, then knowing the math helps them make a smart decision that feeds their wealth instead of one that works for a while but ultimately depletes their wealth.  Before you put your hard earned dollars in the directions of your dreams, take us (or at least our numbers) along on the search. 

I’ll be back next week with part 4 of this Healthy Personal Finance series.

I invite you to check out the first post in this series How to Make Your Healthy Money Habits Stick, and last week’s post, How to Replace Wipower in Spending. And, if you’d like our help in strengthening your weak willpower in spending, let’s talk.

Bonnie A. Sewell, CFP®, CDFA™, AIF® is NOT AN ATTORNEY AND DOES NOT PROVIDE LEGAL ADVICE. All information she provides is financial in nature and should not be construed or relied upon as legal or tax advice.  Individuals seeking legal or tax advice should solicit the counsel of competent legal professionals knowledgeable about the divorce laws in their own geographical areas or CPAs qualified to provide tax advice.

DISCLOSURE:  All of the above is believed to be accurate but should be considered informational only and should not be considered financial, tax, or legal advice.  Seek advice from a paid professional under contract to you. 

Copyright © 2019.  All Rights Reserved.  American Capital Planning LLC.

Leave a Comment





%d bloggers like this: