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A lot of financial anxiety stems from a lack of balance in personal wealth management. A Bankrate survey this month showed that 29 percent of Americans have zero emergency savings, the highest level in the five-year history of the survey. One in five respondents with investable assets of $100,000 to $1 million believe that they have too much debt and are living paycheck to paycheck, according to a poll taken by MaritzCX.  Even millionaires fall out of financial balance!

Peace of mind comes not only from having enough assets saved for specific objectives, like retirement and college costs, but also from plenty of emergency money so you feel secure.  Knowledge and awareness of where you’re at financially contributes to a good psychological wealth comfort level.  Remember, there is no middle class anymore.  If you are reading this you are (or soon will be) in the “mass affluent” demographic ($100,000 to $1 million).  If you think you are middle class you’re either uninformed or insecure.

Be informed and secure. If you’ve accumulated some wealth, be sure it’s balanced with plenty of emergency money (at least 3-6 months of living expenses).  These are turbulent times of tribal economic warfare.  Secure your position and be heads up about the strength and weakness of other combatants.  The law, legal documents and knowledge are not the most important things in your Estate Planning War Chest.  The most critical component is a cold, hard reservoir of cash.


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