There are many books and movies that explore the idea of time travel. A recurring theme is that very small changes made in the past can dramatically impact the present. Grandfather Paradox, Butterfly Effect, call it what you will. I have been thinking about this a lot lately.

I find it very interesting that we fail to consider how very small changes made now, in the present, can dramatically affect our future. We are all time travellers.

In Atomic Habits, amongst other things, James Clear challenges all of us to become 1% better every day. He posits that small, healthy changes can transform your life over time. Identify a good habit and make it slightly easier to maintain that habit. Identify a bad habit, and make it slightly less convenient to indulge. Focus on habits that align with your long term goals. It’s a great read or listen.

Of course I am obligated to make this about financial planning, but this works in all facets of our lives. The best time to invest, begin exercising, eat well, or commit to increasing joy and decreasing suffering in the world is in the past. The second best time is right now. You are under no obligation to be the same person you were five minutes ago.

• Have you automated contributions to your portfolio? Making “the good habit”, not just easy, but automatic.
• If you are drawing on your investments do you have a handle on your actual monthly income requirements? Clarity on actual need can lead to conversations
• Is your Emergency Fund too large or inadequate? There is a fine line between an emergency reserve and sitting on non productive assets.
• Are you taking care of your health? A decision to eat well and exercise is hard, but so is being unhealthy and uncomfortable. Choose your hard.
• Have you insured your most valuable asset (yourself and your ability to earn)?
• Have you articulated to your advisor any changes to your long term goals? What about your stretch goals?
• Are you concentrating solely on your journey or considering your legacy? Changing your family tree forever. Philanthropy. Gifting in a structured way to people who can look you in the eye and thank you.

We love these conversations. The year is winding down and a new year is upon us. Are there small changes you can make today that will dramatically change your financial future? Could introducing a friend or family member to the PBD family change their financial future?

I wish you and yours the best of everything in 2025. Until we meet again, I challenge you to make small positive changes in your life. One random act of kindness. One good financial decision. One new good habit.

Safe travels.