Karla Paxton retweeted
This is the best thing you'll see this week...
A few years ago, I came across this beautiful story written by a woman named Pam Kearney in a local newspaper.
I visited Matthew, the owner of Lucy’s Flour Shop a little while back. As I nibbled on an enormous chocolate chip cookie I began to tell him a story.
A few years back on a bitterly cold December evening, there was a visitation at the funeral home across the street from his bakery.
The people, bundled up in coats, scarves, and blankets were lined up around the building waiting to hug the family of the deceased.
Seemingly out of nowhere, a man showed up and began giving away hot coffee to the people outside. People who entered the funeral home with coffee in their hands whispered of a mysterious man handing out free coffee, and how much they appreciated it.
I looked at Matthew and said, "I have a suspicion that you were that man. Is that right?"
Matthew very humbly replied, "Yes, I felt so bad for them and wanted to do something, but all I could do was make coffee, so I made coffee."
I responded that he blessed so many people that night by helping them warm up and by showing there’s good in the world. He added a positive note to a devastating situation.
I paused, then added, “That visitation was for my sixteen-year-old son. Thank you for being so kind.”
That conversation has stuck in my head since then:
"All I could do was make coffee, so I made coffee."
***
I want you to read that final line again...
"All I could do was make coffee, so I made coffee."
Every single day, we face our own version of this situation.
Different circumstances, yes, but the same general experience:
We feel stuck. Completely frozen. Not because of the lack of options, but because none of the options are perfect. None of the options feel big enough. None will solve the entire problem or fix the entire issue. So, most of the time, we do nothing.
But nothing is the one option that's guaranteed to change nothing.
If I could synthesize the lessons of my five years of writing down to one single statement, it would be the following:
Do the thing. Take the action. Just start. Show up. Make the move. Walk the path.
Because the change you want to see doesn't happen unless you create it. The new life you want doesn’t magically appear. It’s built through action. New habits. New mindsets. New standards. New boundaries.
Action, however imperfect, is always the cost of entry.
I might think of it as the Paradox of Imperfection:
The most perfect outcomes are often just a byproduct of a large volume of imperfect actions.
In the immortal words of Teddy Roosevelt:
"Do what you can, with what you have, where you are."
As you continue on this crazy adventure of life, you will face daily moments that conspire to make you feel completely helpless. You'll feel paralyzed. Unable to see a clear path to create momentum or improve the situation.
In these moments, you have a decision to make:
You can freeze, paralyzed by the imperfection of your options.
Or...
You can act. You can do what you can, with what you have, where you are. You can make the coffee.
This is the single most important decision of your life.
Making the coffee isn't just for the moments of turmoil or crisis.
It's for the ordinary Tuesday when you dread getting out of your warm bed. It's for the business idea that's been sitting in your head for two years. It's for the hard conversation you've been avoiding. It's for the workout you want to skip on the day when everything fell into chaos. It's for the dream that feels too big to begin.
The moments themselves can be big or small, but the lesson is clear:
Action doesn't have to be perfect for it to be right.
So, the next time you face a situation and start to feel helpless, remember:
Just make the coffee.
Karla Paxton retweeted
I believe that purpose is THE superpower.
It makes you happier, healthier, and richer. It's the key that unlocks every door.
I wrote for FA Mag about how purpose has a surprisingly central place in your financial plan.
cc: @orionwealthtech
fa-mag.com/news/the-power-of…
Karla Paxton retweeted
The key to managing your inherited IRA well is understanding your options at each step of the process, from inheriting, to transfers or rollovers and management, to taking distributions. spr.ly/6010QRLOQ
Karla Paxton retweeted
How can the return of the cash nexus play a role in the future of this great new era of higher dividends?
Here’s this portfolio manager and investment historian’s case for dividend investing on The Long View. Listen now: spr.ly/6016lpDny
Karla Paxton retweeted
The most important thing you will read today, from the great @ClementsMoney 👇🏻 humbledollar.com/2024/08/on-…
Karla Paxton retweeted
It’s been a bumpy ride for investors lately. Here's why the recent market jitters aren’t really outside the usual pattern and some ways for investors to cope. spr.ly/6010YfyAp
Karla Paxton retweeted
Yes, stocks have no doubt been good to you, while bonds have been disappointing. But if you're hurtling toward retirement, this looks like a pretty good time to de-risk. My latest. 👇morningstar.com/portfolios/w…
Karla Paxton retweeted
I wrote about the elephant in the room when it comes to retirement planning for upper middle-income people.
morningstar.com/retirement/h…
Karla Paxton retweeted
Time to rethink the timing around #interestratecuts. Read the full story: spr.ly/6015pvMbv
Karla Paxton retweeted
Why does @MichaelKitces keep naming the T3 Technology Tools for Today conference for financial advisors and insurance professionals to his list of top conferences every year? Glad you asked!
Learn why:
t3technologyhub.com/t3-named…
Karla Paxton retweeted
OK, here’s the thing that is making my head hurt RN. Treasury bonds have a perfect record of protecting on the downside during recessions (and it’s always wise to have some equity ballast). But they’re vulnerable, to say the least, in a default scenario. morningstar.com/portfolios/c…
Karla Paxton retweeted
Wealthtech is an evolutionary step forward for the financial services industry. But staying ahead of the trends can be challenging. Access VB’s recent Spotlight to get the insights you need. venturebeat.com/data-infrast…
Karla Paxton retweeted
20% of clients leave their advisor in the first year.
Reasons:
1. Poor service/communications
2. Don't understand client goals
3. Misunderstanding risk preferences
via Spectrum h/t to
@thomasjaviles
It's not about ESG; it's about personalization, values and choice. #T32023 @MorningstarInc @thomasjaviles
Karla Paxton retweeted
Touching tribute to Ken Goldman & Gavin Spiztner who recently passed away
They had a huge impact on our industry & so many of us #t32023 – at Tampa, FL
Karla Paxton retweeted
over the past 2-3 years, #directindexing is one of the topics we get asked about the most
DI is an operational tool & investors don't care about how it works
they just want better tax optimization & slightly better personalization @MorningstarInc
#t32023
Great to see @pietrolagreca here at #T32023. Looking forward to his presentation and reading his book!
















