The Daily Meaning

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Travis Shelton Travis Shelton

Because Every Month Is Different

July has been absolutely bonkers for our family. By the time July comes to a close, one of both of us (Sarah or I) will have been traveling for 23 of the 31 days of the month. It’s a combination of work, fun, and family. With crazy summer travel comes a very common occurrence in households all across the country. Finances can become chaotic, unpredictable, and laxidazical. I have this conversation with clients all the time, reminding them they aren’t alone.

July has been absolutely bonkers for our family. By the time July comes to a close, one of both of us (Sarah or I) will have been traveling for 23 of the 31 days of the month. It’s a combination of work, fun, and family. With crazy summer travel comes a very common occurrence in households all across the country. Finances can become chaotic, unpredictable, and laxidazical. I have this conversation with clients all the time, reminding them they aren’t alone.

This brings into focus a topic I talk about frequently. Not only is it important to budget, but it’s important to make each month’s budget unique. Not doing so is one of the primary drivers for people struggling with finances in the summer. If you’re used to spending xyz on certain categories, summer will be like a grenade that lands in the middle of all of it…..and explodes.

Sarah and I knew July was going to be nuts, so we planned for the nuts. Since we’re on the road a lot, we cut back on groceries, but increased the dining out budget. We have less money allocated for the house, and more for the trips. Even the source of our income shifts in the summer, so we take that into account as well. The plan is never perfect, but we simply do the best we can.

When we take this proactive approach and enter new, unique months with intentionality, alignment, and a purpose, even the most chaotic situation can feel manageable. It’s been an awesome month. Lots of memories, lots of experiences, and lots of adventures. But when the dust settles, it won’t hinder us financially. I know this because the plan says so. I hope you’re having an awesome month, as well! And while you do, I hope you feel the same level of intentionality and control over your finances. You deserve it!

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Travis Shelton Travis Shelton

The Stock Market Is Melting....or Is It?

Per usual, there's been a lot of talk about how bad the stock market is. According to the prevailing narrative, it's "risky," people have lost a lot of money, and it's not wise to put money in it. Whenever I wander into these types of conversations, I always ask why people think that. Inevitably, the answer is some form of "because it's lost so much money." 

Per usual, there's been a lot of talk about how bad the stock market is. According to the prevailing narrative, it's "risky," people have lost a lot of money, and it's not wise to put money in it. Whenever I wander into these types of conversations, I always ask why people think that. Inevitably, the answer is some form of "because it's lost so much money." 

First, I'm not belittling anyone here. I understand perfectly well why people have this impression of the stock market. If you watch the news, they consistently report the big red arrows pointing down......but rarely show the big green arrows pointing up. It's doom and gloom. If it bleeds, it leads. 

There's also the reality that the 21st century has started a bit (er, a lot) rocky. Over the last 23.5 years, here's what we've experienced:

  • Y2K

  • Tech bubble burst

  • Worst terror attack in US history

  • Multiple wars

  • 2nd worst recession in US history

  • Housing market collapse

  • Global pandemic

  • rampant inflation

  • 4 stock market crashes (-46%, -54%, -32%, and -25%)

Pretty insane, right?!?!

So when people feel like the world is melting and the stock market is an absolute disaster, I get it. But what's the truth? Through all that, over 23.5 years, the stock market is up 6.7% per year. If you would have invested on 1/1/2000, your money would be worth 4.6x what it started as. You more than quadrupled your money. Re-read my list of chaos above.....then digest that the market has gone up 4.6x through all that. Crazy, but true!

Perspective matters, as I love to say. Our world takes simple, practical, and effective ideas, and perverts them into urban legends and half-truths. Truth matters, but there's so much noise in the financial world that it's hard to see it sometimes. 

Whether you're investing in your work's 401(k)/403(b), your IRAs, or other types of stock market investing, remember this concept, and don't lose any sleep at night! In the world of meaning over money, losing sleep over investments is not leaning into the meaning. You got this!


Yesterday, we released a podcast episode about the same topic. If you have a friend who enjoys reading, please consider passing along the blog post. If you have a friend who enjoys listening to podcasts, please consider the same. You can find it on Apple, Spotify, or wherever you listen to podcasts. 

Note: The figures mentioned above are based on the S&P 500 and include the reinvestment of dividends.

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Travis Shelton Travis Shelton

Chaos: The Entry Price to Meaning

As I’m writing this, I’m mere hours from hopping onto an international flight where my wife and I will spend some time in Asia and the Middle East. To be honest, I’m stressed. Between packing, trying to get time with the kids, meeting with clients, running errands, and preparing for some upcoming speaking engagements, it’s been a lot to handle. Probably too much. Strike that…..definitely too much.

As I’m writing this, I’m mere hours from hopping onto an international flight where my wife and I will spend some time in Asia and the Middle East. To be honest, I’m stressed. Between packing, trying to get time with the kids, meeting with clients, running errands, and preparing for some upcoming speaking engagements, it’s been a lot to handle. Probably too much. Strike that…..definitely too much.

If I’m being honest with myself, my life could be significantly less chaotic. I could settle into a more stable job, I could say “no” to the various organizations I serve, and I could hunker down with my family where the schedule would be much more predictable. For better or worse, chaos is the entry price to a life of meaning. I probably don’t help myself at times, but some level of chaos is what we signed up for when we chose this life.

Some days I wish it away. Some days I just want to quit. Some days I yearn for a simpler existence. Then, I have a conversation with a client and remember why I do what I do. Then, I wrap up a board meeting and am reminded why I’m serving that organization. Then, I walk off the stage from a speaking engagement and recognize why I spent all that time preparing. Every step of the way, when doubt seeps in, something happens to affirm why I do what I do. Each time that happens, I realize chaos is the entry price to a life of meaning. It’s hard, but worth it.

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