Tag Archives: planning

If I were 22…

22Inspired by LinkedIn’s “If I were 22…” influencers series, I thought I’d write my own, so here goes.

If I knew then what I know now, what would I do different?

Most people are genuinely not interested in my well-being. The sharks, predators and corporations that have no soul exist and I’d rather leave them to deal with one another. I would surround myself with good people, positive influences and mentors that teach empathy, open-mindedness and flexibility.

What 22-year old Charles would have liked to know is that there are good people out there, but they are very hard to find. Do not give people the benefit of the doubt. I’d watch my back, because no one else will and the naive get eaten alive, quickly. The skill sets I want at 22 are not taught in the board room, but on the street.

What I would have wanted to know at 22 is that life is not about the money, at least not only about money. Find a mentor that cares who I am, a sounding board to express what I want and help me understand what I need. A relationship to share my dreams and my fears.

I would have liked to have known where I was, where I wanted to go – Charles, at 22, wishes I had a better road map to get where I wanted to go. I would have clear priorities, organized and simplified my life, understanding the difference in “more, more, more” and “less is more” and the beauty of *simplicity*.

eliminate the ego

On spirituality: Find your dharma, God’s will or whatever path you choose, but don’t point fingers. Remember the Golden Rule, “treat others like you want to be treated.”

On relationships: Show up, all the time.

On Health: Your Temple determines your quality of life.

On Money: Spend less than you make.

On Travel: Just do it.

On Plurality: it’s a fact, learn from it.

On First Impressions: Like it or not, you only get one.

On Style: express how you want others to perceive you.

On empathy: understand the difference in empathy and sympathy.

On Integrity: it’s all you’ve got.

If I were 22, I’d be a hero to those less fortunate than me, care a bit more and talk a bit less. If I were 22, I’d check my ego at the door, journal and simplify life. If I was 22, I’d ask questions, especially the important ones that start with “Why.” If I were 22, I would not accept “that’s just the way things are”  and go on with life.

ego quotes

Charles Kochel, Image“Mindful Monday” Produced by: Charles Kochel, Wealth Advisor at Yield Wealth.

Retirement Optional.

travelPlanning to make work optional is the “new retirement plan.” As I continue to visit with individuals and families about preparing to sustain their current lifestyle for 20 years without receiving a paycheck, I’m hearing something different, “Charles, I don’t know if I ever want to retire?” The conversation then moves to clients saying something like, “I’d like to be in a position to retire if I want, but I like what I’m doing, it’s who I am.”

The concept of retirement is changing. Some look as retirement as an end to a mean and currently they are enjoying the journey of life. Planning for retirement is optional gives a person the freedom to stop working, or even working less, having peace of mind and being able to do more of what you love.

To get there, we help answer some critical questions; Should you save more money? Through which tax-favored vehicles? Can you maintain your present standard of living, and for how long? How aggressively or conservatively should your financial assets be invested to preserve your wealth and maximize your chances of success? What happens if you live much longer than expected?

We help make sure that the assets you have accumulated will last for the remainder of your life. For the first time in human history, work is becoming optional several decades before death. This means you need to have the resources and health to really enjoy the fruits of your hard work for 10 – 40 years. We help you plan more of the journey, like adventures, travel, relationships and community involvement and philanthropy that you now have the time and energy to enjoy.

Charles Kochel, Image“Mindful Monday” is produced by: Charles Kochel, Wealth Advisor at Yield Wealth Management. The purpose of this weekly Blog/Newsletter is to communicate the principles of good investment working with markets, understanding risk and return, broadly diversifying and focusing on elements within the investor’s control- including portfolio structure, fees, taxes and discipline. Thank you to Brent Kessel, Co-CEO, Abacus Wealth for his research in this article.


simplicity is beauty


Simplicity: most people get understandably confused by all the hype and finance-speak coming out of Wall Street and corporate America. Most successful strategies are ones that people can understand and follow. This requires tuning out much of the news and emotion surrounding finances and following a disciplined, evidence-based investment program. This may sound simple, but it’s not always easy.

Life is

I help people focus on what they can control, like developing a plan for their future, reasonable fees, tax management and diversifying risk. This should help.

Having conversations about what matters most in your life and talking about your dreams and fears  –  help me understand, how I can best help.

So, turn off CNBC and do more of what you love.