Celebrity deaths are often cautionary tales of complicated personal drama and poor planning. There are many reasons why this happens, most of them not unique to the rich and famous. However, in these high-profile deaths we see a concentration of these tricky factors.
We don’t yet know if Dolly Parton’s estate will exhibit any of those issues, but based on the way she lived her life, it's possible that her situation will be a great example of what we SHOULD do in planning for a meaningful life and purposeful legacy.
Successful financial planning relies on understanding what we value most. It allows us to set an order to our goals that is consistent with that.
Dolly Parton’s legacy of philanthropy is a clear indication of what she valued. Her impressive work is highlighted here. She truly gave with “a warm heart instead of a cold hand.”
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Dolly Parton's story reminds us that successful financial planning is about much more than money. It begins with a simple question: What matters most to you?
Most of us will not achieve Dolly's level of fame or wealth, but we can all live and give in a way that reflects our deepest priorities. The details of a legacy are different for every family. The principle is the same: live intentionally and let your financial plan follow your values.
Is your estate plan up to date? Having your basic legal documents in order is an important part of intentional planning. We can help you make progress in this and other important areas so you can Achieve Simplicity™ in your life.
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Here are some other things that caught our attention:
While driving Joe III back to Utah and BYU, our route took us along the Glenwood Canyon section of I-70. If you have never traveled that route, it should be on your list.
Researchers trained pet dogs to remain awake and still inside MRI machines while viewing human facial expressions. Their brain activity suggests dogs can distinguish not only positive from negative expressions but also some different negative emotions, including fear versus sadness or anger.
This new paper finds that minimum wage laws do not reduce poverty.
What accounts for the longevity of Roman concrete?