Malvern Bank’s "Money Matters"

Money Matters: It’s More Than A Feeling

October 15, 2021

Hello,

Saving enough for a comfortable retirement and leaving a legacy for the future are the goals many of us have. How close or how far away you are from this aspiration can determine how financially fit you feel.

So tell me, do you feel wealthy?

Brad Klontz, a financial psychologist quoted in the New York Times article below, said: "If you make $50,000 a year, you're one of the top 1 percent richest human beings who has ever walked the earth."

Considering the average U.S. income is $53,490 per year, that information may make the majority of us feel wealthier. It doesn't have to be complicated, and it mainly comes down to keeping a few good habits. Many multi-millionaires have built their wealth using simple and sound money management concepts we all can adopt:

  • saving and investing early and regularly
  • prioritizing future goals over current wants
  • sticking to long-term investment strategies that ignore the day-to-day vicissitudes of the markets

When it comes to investing, everyone has what they believe to be their risk appetite. Some are risk-averse and prefer to invest in relatively safe CDs and money market accounts.

Others invest in the stock market, which may create volatility in their portfolio but has the possibility for great growth. Which are you?

You can find out by taking a risk analysis survey. We can help take some of the guesswork out of determining your personal risk profile.

Take care and keep in touch.

Sincerely,

Anthony C. Weagley
President & CEO
Malvern Bank, National Association
Beyond Your Expectations ™
Office : 610.644.9400
Marketing@MyMalvernBank.com

Money Matters

Bell Rock Capital, an SEC Registered Investment Advisor, is working in affiliation with Malvern Bank, NA. Products offered are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal or state deposit guarantee fund or other government agency; Not endorsed or guaranteed by the bank or their affiliates; and are not deposits or obligations of the bank and are not guaranteed by the bank, and are subject to investment risk, including potential loss of principal.

NOT FDIC INSURED   ●   NOT BANK GUARANTEED   ●   MAY LOSE VALUE   ●   NOT A DEPOSIT   ●   NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY

Return to Money Matters


What's Changed in 13 Years of Writing About the Wealthy

What's Changed in 13 Years of Writing About the Wealthy

The New York Times: October 11, 2021

What's Changed in 13 Years of Writing About the Wealthy? For one thing, they’ve gotten wealthier....

Read More

Do These 5 Things Before You Retire

Do These 5 Things Before You Retire

Forbes: October 11, 2021

If you're within 5 years of retiring, you have a window of opportunity. Don't miss it. A little...

Read More

Stock, Bond and Real Estate Prices Are All Uncomfortably High

Stock, Bond and Real Estate Prices Are All Uncomfortably High

The New York Times: October 6, 2021

The prices of stocks, bonds and real estate, the three major asset classes in the United States,...

Read More

3 Simple Tactics For Making Better Choices

3 Simple Tactics For Making Better Choices

Entrepreneur: October 6, 2021

Looking at a difficult decision through someone else's eyes can make all the difference.

Read More