Can financial security lead to true prosperity?

In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines picks up where he left off in the last episode about the main thing, financial security, and expands on it to include financial prosperity. He defines prosperity as thriving in life and being successful in various aspects, not just economically, and emphasizes that financial security allows individuals to take risks and meet their priorities. Kirk advises that in the face of financial insecurity, one should revisit their wealth plan and work with a financial advisor. He also stresses the importance of regularly reviewing and adjusting the wealth plan.

Kirk’s key takeaways: 

• What  is prosperity and its relationship with financial security
  
• How determination to make a difference can lead to resilience in the face of obstacles
  
• Main traits and behaviors of a wealthy person with prosperity 
  
• How to adjust your wealth plan when problems arise, causing financial insecurity
  
• And more
  

Resources:

• The 7 Habits of Highly Effective People by Stephen R. Covey
  
• Financial Security: The Main Thing of Finance, Part 1
  

Connect with Geoff Hakim: 

• MCM Wealth
  
• Office: 844-626-4949
  
• LinkedIn: Geoff Hakim
  
• geoff@mcmwealth.com
  
• Direct Line: 415-299-6574
  

Connect with Kirk Loury:

• MCM Wealth
  
• Advisable Wealth Engines
  
• LinkedIn: Kirk Loury
  
• kirk@mcmwealth.com
  
• Direct Line: 609-759-0404
  

About Kirk Loury: 

Kirk provides integration between MCM’s marketing, investment strategies, and implementation. He is also a co-founder and managing member of Advisable Wealth Engines. Mr. Loury has over thirty years of experience in a variety of executive roles covering investing, marketing, and wealth-technology deployment. He has particular expertise in applying well-conceived insurance products as investments within a wealth plan to minimize portfolio volatility, deliver high tax efficiency, and meet multi-generational income goals. While having experience with institutional investors, Mr. Loury’s primary focus is with private wealth investors including family offices. Kirk Loury received a bachelor’s degree in marketing from the University of Colorado, Boulder, and an MBA from the Harvard Business School.