• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Roots of Wealth

Roots of Wealth

Roots of Wealth Blog with Dan and Maureen Crimmins

  • Home
  • About
  • Events
  • Firm Website
  • Free Guide
  • Videos
  • (201) 785-7660
  • Email

Welcome to Roots of Wealth. A financial blog focusing on life, planning, and interesting information worthy of sharing with you.
Roots of Wealth is proudly managed by Crimmins Wealth Management Located in Ramsey, NJ.
Visit Our Website

You Have to Give it Time

February 28, 2018 by Dan Crimmins 1 Comment

You have to give it time.  It’s only been a couple of days.

Generally I’m on the receiving end of this advice.  However, recently my wife Maureen came down with the very persistent head cold.  After trying to battle it herself for several weeks, she reluctantly headed to the doctor.

medication photo

Her doctor prescribed her a Z-pak.  Z-Pak is a form of the brand-name medication which contains the antibiotic azithromycin.  For those who are not familiar with the incredible Z pak, it is an antibiotic medication that you take for five days, but the medicine stays in your system for 10+ days.  Azithromycin is used to treat a wide variety of bacterial infections. It works by stopping the growth of bacteria.

I unfortunately have been prone to bronchitis throughout the years and have been on this medicine more times than I care to remember. Thus I knew the words that Maureen would speak to me often when I would complain that I was not getting any better.

You have to give it time.  It’s only been a couple of days.

Medical professionals understand when they prescribe this medicine that it will ultimately be effective. Being citizens of the modern era, we expect instant results.

It is the job of the doctors (and in Maureen’s case – Me ) to keep their patients taking the medicine for the five days – even if they don’t think that it is working – in order to have the desired result.

Have A Wealth Management Question? Click Here To Ask Dan

This is very similar to what we do for our clients and their financial health.  When we devise a plan and a corresponding investment portfolio that we know will result in success, we understand that the benefits of this planning may take a while to unfold.

We work hard with our clients and try to have them have the discipline and patience to stay with the prescribed plan so they will benefit and achieve the results that they had envisioned.

So while the results that we need to deal with may take years, the decision is the same with just tweaking on the time duration.

You have to give it time.  It’s only been a couple of years.

This is especially true when we have new clients who have come to us and invest in the global stock market right as the stock market experiences a downturn.  It can be frustrating and disappointing that the results are not faster to instill confidence in the plan.

However, like doctors, we use historical data to develop the plans and investment portfolios that have shown in the past to have been successful.  Ultimately, investors success is determined by the ability to stay invested in the plan through discipline and patience.  This is our value proposition helping them to stay the course.

Just like the wise advice given by doctors, “be sure to take your Z-Pak or generic azithromycin exactly as your doctor prescribes. It’s important to take all of the antibiotics that you are prescribed. This is true even if you feel better before you’ve taken the full course of treatment.”

For us, stay the course with your plan and investment allocation through time if you want the full benefits of the “treatment”.

If you enjoyed this article,  CLICK HERE to subscribe to free updates from “Roots of Wealth”.

Share this:

  • LinkedIn
  • Twitter
  • Buffer
  • Email
  • Print
The foregoing content reflects the opinions of Crimmins Wealth Management and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

About Dan Crimmins

Dan Crimmins, co-founder of Crimmins Wealth Management, is a financial coach and fee only financial planner. Have a financial question? ASK DAN

Reader Interactions

Comments

  1. V says

    March 2, 2018 at 10:14 am

    Great stuff, Dan.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Join Our Newsletter
Top Financial Advisor Blogs And Bloggers – Rankings From Nerd’s Eye View | Kitces.com

Topics

Footer

1000D Lake Street
Ramsey, NJ 07446

Phone: (201) 785- 7660
Email: dan@crimminswm.com
or maureen@crimminswm.com

  • Home
  • About
  • Events
  • Firm Website
  • Free Guide
  • Videos
  • (201) 785-7660
  • Email

Important Consumer Disclosure from Crimmins Wealth Management

Copyright © 2022 Roots of Wealth | Site Design by 3200 Creative

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.