A Healthier Way to Look at Your Financial Future: Measure Backward

Looking at where you are now compared to where you were five years ago can give you a more realistic, and optimistic, financial outlook.

A man looks behind himself in the rearview mirror.
(Image credit: Getty Images)

Too often in our society, we compare ourselves to our ideal financial future. The problem is that an ideal, by definition, is unattainable. Social media has undoubtedly amplified this issue. At any moment, we can see pictures and posts from friends, family members or even celebrities who seem to be living fairy-tale lives.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Frank J. Legan
Partner, Financial Adviser, Cedar Brook Group

Frank Legan is Partner, Financial Adviser and member of the Forward Look Committee at Cedar Brook Group, one of the largest independent wealth management firms in Northeast Ohio. Frank spends his days designing and implementing personalized financial planning strategies for corporate executives, closely held business owners, artists, families and retirees. He specializes in lifetime income strategies, investment advice and estate planning services. He also works with businesses to develop strategic and succession planning strategies. He is the author of "The Humanity Factor," a book about focusing on your strengths, guiding you through a personalized, step-by-step guide to financial planning.