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Financial Health
for Healthcare Professionals
Financial Wellness: Focus on Long-term Goals
With Comprehensive Financial Advice
Issues such as career decisions, cash flow management, trade go of any habits or patterns that
offs between short and long term decisions and behavior charac- get in the way of your long-term
teristics can impact your financial goals. Assessing risk tolerance, planning.
portfolio decisions, income tax trade offs, effective insurance A financial plan is a logical
design and implementation can impact your quality of life and numerical process to start with
peace of mind. that gives you snapshots of where
Financial leakage is one of the most costly errors that a family you are today financially and
can have. Financial leakage is defined as extra or unnecessary dol- where you want to go. It is filled
lars spent to solve a particular problem. with many assumptions, but it
The initial cost may be small but small errors over a long period starts the process moving forward.
of time can become very expensive. How do you identify and Financial Wellness is an out-
quantify costly errors? The answer lies inside your mindset and come that requires your input.
behaviors. Take action now.
What if you had an emotional brain and a rational brain? BY HOWARD
Which one would make financial decisions? For more information, please con- WOLKOWITZ,
What does money mean to you? tact Howard Wolkowitz at FINANCIAL ADVISOR
Is it something you spend, save or invest? HWolkowitz@
What fears do you have around money? mycoastalwealth.com & AUTHOR,
Do you fear losing it or not making enough money on it? or (954) 558-3673. THE HEALTH OF
Is your inclination to spend, save or invest your money? YOUR WEALTH
Are you in or out of balance? The opinions above belong to
When you invest is the goal to avoid risk or maximize gain? Howard Wolkowitz and the informa-
tion contained herein does not necessarily represent the opinions of
You are most likely one or the other. MassMutual or its affiliated broker-dealer MML Investors Services,
Do you think about winning or losing or surviving or thriving? LLC.
It can control your behavior, thinking and actions. MassMutual Financial Group is a marketing name for Massachusetts
These issues can show up as, Mutual Life Insurance Company (MassMutual) and its affiliated com-
“What if … I should have … I don’t want to … I tried that before panies and sales representatives. Securities, investment advisory, and
financial planning services offered through qualified registered repre-
… I don’t trust the … sentatives of MML Investors Services, LLC. Member SIPC. OSJ: 1200 S
They can also show up as wishful thinking, that things will work Pine Island Rd., Suite 350, Plantation, FL 33324. CRN202004-
out on their own. Sometimes you have to be unreasonable and let 227476
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