As a financial planner, I have heard countless stories from clients who are in financial turmoil. People tell me about making bad choices with their money, about dreams put on hold, and about money lost. Yet, here is one story that stands out: a client who found financial success through Viktor Frankl’s teachings.
The Client’s Journey
I was working with a client who was in desperate need of assistance. He felt his life was out of his control, and he was struggling to become financially stable. During our conversation, he mentioned that he recently read Man’s Search for Meaning by Viktor Frankl. We started to discuss how the principals in the book could be applied to finances. Specifically, we realized that although he can’t control the environment, he could control how he reacted to it. He could choose to remain in a state of financial desolation, or he could take action and make positive changes.
Taking Control
The client was inspired by this realization and began to make positive changes. He developed a budget, paid off his debts, and began saving and investing. Frankl’s teachings gave him the courage to take control of his destiny and find meaning in his life.
The Power of Viktor Frankl
The client’s story is a testament to the power of Frankl’s teachings. His principles can be applied to many situations, including financial planning. His words remind us that although the environment may be out of our control, we can choose how to react to it. We can choose to remain in a state of financial desolation, or we can act and make positive changes.
Finding Financial Calm
The next time you find yourself in a financial difficulty, take a moment to reflect on Frankl’s words. By applying his teachings to your own situation, you can gain the courage and motivation to take control of your finances and create a better future for yourself. If you’re feeling out of control with your investments, call the office at 02-624-27488. We help people in Israel handle their U.S. investment portfolios, including retirement accounts and inherited accounts.
Douglas Goldstein, CFP®, GFP®, is the director of Profile Investment Services, Ltd. www.profile-financial.com. He is a licensed financial professional both in the U.S. and Israel. Call (02) 624-2788 for a consultation on how to set up your American assets to meet your financial goals. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates. Neither PRG nor its affiliates give tax or legal advice.
Published February 14, 2023.