Nurturing Your Connectedness Mindset
Last year, we introduced the WealthConfidence Scorecard to increase awareness of the eight mindsets that contribute to improved wealth confidence. These mindsets are gratitude, open-mindedness, cooperation, respectfulness, abundance mentality, connectedness, optimism, and realism.
Wealth confidence is dynamic; it ebbs and flows depending on our individual situations and the overall environment. In light of current events, your wealth confidence may be fluctuating. This makes it even more important to nurture the mindsets that contribute to improved wealth confidence so that you continue to make smart decisions about your money and enjoy the financial future you have in mind for yourself and your family.
The key mindset for today is called connectedness.
con·nect·ed (adjective) having social, professional, or commercial relationships.
How can people have 500 Facebook friends and still feel isolated? It’s easy. Digital communication can increase your reach far beyond what was ever possible before, but it can also dehumanize our relationships with others. The quantity of these relationships can replace their quality.
An article written by the Canadian Mental Health Association (CMHA) in October 2019 said:
“Connecting with others is more important than you might think. Social connection can lower anxiety and depression, help us regulate our emotions, lead to higher self-esteem and empathy, and actually improve our immune systems. By neglecting our need to connect, we put our health at risk.”
WealthConfidence Scorecard
Discover eight money mindsets to help you stop worrying about your wealth and start living. Use our interactive worksheets designed to help improve your WealthConfidence score.
We can be so distracted by all the noise that we don’t have time to pursue all the relationships we have, even if we wanted to. Some people have stopped using social media platforms altogether and say they don’t miss it. They also report an improvement in their state of mind and overall well-being. Free from the constant noise of lunch updates, surprise cat videos, and unsolicited political opinions, they feel more focused and at peace.
“Seeing” someone on a computer screen is better than just talking to them on the phone, but not as good as actually being together in person. Quoting again from the CMHA article:
“While technology seems to connect us more than ever, the screens around us disconnect us from nature, from ourselves, and from others. Wi-Fi alone isn’t enough to fulfill our social needs – we need face-to-face interaction to thrive. Technology should be enhancing our connection to others, not replacing it.”
How can you improve your connectedness mindset? One way is through the relationship you have with your financial advisor, with whom you can share your individual situation, dreams, and aspirations. Because creating your ideal future doesn’t happen overnight, you will likely work together for years. Through careful management and periodic updates of your strategies and actions, you will see how you can work together to pursue your ideal future.
If you’d like to learn more about your mindset and discover the eight money mindsets to help you stop worrying about your wealth and start living, download the WealthConfidence Scorecard here.
This is intended for informational purposes only. You should not assume that any discussion or information contained in this document serves as the receipt of, or as a substitute for, personalized investment advice from Savant. Please consult your investment professional regarding your unique situation.
Thomas L. Kirk
Senior Business Development Officer
CPA (ret.)