Nurturing Your Respectfulness

By FirstWave Financial

Not long ago we began using Your WealthConfidence Scorecard to increase awareness of the eight mindsets that contribute to improved WealthConfidence. These mindsets are gratitude, open-mindedness, cooperation, respectfulness, abundance mentality, connectedness, optimism, and realism.

WealthConfidence is dynamic, it ebbs and flows depending on what is happening in our individual situations and the overall environment. In light of current events, your WealthConfidence may be taking a real blow. Recognizing this, it is even more important to nurture the mindsets that contribute to improved WealthConfidence so that you continue to make smart decisions about your money and enjoy the financial future you have in mind for yourself and your family.

The mindset to nurture today is respectfulness.

re·spect(noun) due regard for the feeling, wishes, rights or traditions of others

Seeing “respect” spelled out above brings to mind the 1967 hit sung by Aretha Franklin of the same name. Actually written and performed by Ottis Redding in 1965, it is Aretha’s rendition that most people remember, including the following lyrics:

                        All I’m askin’

                        Is for a little respect when you get home (just a little bit)

                        Hey baby (just a little bit) when you get home



                        Find out what it means to me

Besides being a really great song, there is an important message here. Who defines respect? According to the lyrics of the song, it is the person receiving the respect; “Find out what it means to me”.  The definition above suggests the same thing. One must first have an awareness of the feelings, wishes, rights, or traditions of others before one can have regard for them.

Have you ever been involved in a conversation with someone and instead of listening to what they have to say you are already formulating what you are going to say? What can happen, is while you’re waiting for the briefest of moments to interject, you completely miss valuable information that you could use because you are so focused on being sure your voice is heard. Seems like there is some of this behavior going on right now in the national conversation about the different steps various communities are taking to deal with the pandemic and economic shutdown based on their distinctive feelings, wishes, rights, and traditions. No wonder emotions are running so high and perhaps negatively affecting your WealthConfidence

Fortunately, when you have a WealthPlan based upon the vision you have of your financial life and your tangible financial goals, the usefulness of particular strategies and actions can be determined and implemented. Your ideas and opinions have been sought as a foundation from the beginning. Suggested actions are understood as steps you must take to create the future you have in mind, increasing Your WealthConfidence.

Future WealthConfidence Connections will address each of the eight mindsets with suggested actions that can be taken to improve your WealthConfidence. You can take your own WealthConfidence Scorecard at to see how you score now and in the future to help determine which of your mindsets may need the most nurturing at any given time.

We are grateful to be connected to you and appreciate the trust and respect that we share. Please feel welcome to contact us for any and all reasons as we get through this time together.

You should not assume that any discussion or information contained in this publication serves as the receipt of, or as a substitute for, personalized investment advice from FirstWave Financial. A copy of the FirstWave’s current written disclosure statement discussing our advisory services and fees is available upon request.