What is your relationship with money?

One of the reasons I’m so interested in money is because of what it represents.

Most of us spend a large portion of our time working at jobs in exchange for money. This is so we can buy the things that we need and want. When we spend money on one thing rather than another, or spend time working in exchange for money when we could be doing other things, it reflects our priorities and who we are.

The more money we have, the more choices we have regarding what we can do. It doesn’t necessarily mean we will buy more things. It allows us to give resources to people we love or who are in need. It might give us the chance to have experiences that wouldn’t otherwise be open to us. It also give us an option to spend less time concerned about our material well-being and spend more time pursuing our interests.

Money can also help us to manage personal risks. Whether this is through insurance, professional advice, or investing in ourselves.

What does your relationship with money reflect about you? At the end our lifetime, the way we spent our time, and the resources we have accumulated or used, will tell a story about who we were. What story will it tell about you? 

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Sonnie Bailey

Sonnie is the founder and principal of Fairhaven Wealth.

Before founding Fairhaven Wealth, Sonnie worked in the legal and financial services industries for over a decade.

Sonnie first became involved with financial advice as a specialist financial services lawyer. For many years, he was an “adviser of advisers”, reviewing thousands of advice files prepared by hundreds of financial advisers, and providing feedback in relation to the quality and appropriateness of advice; industry best practice; risk management; and regulatory compliance. He has published work in industry publications and spoken at various financial advice conferences.

Sonnie has also worked with banks, investment management firms, insurers, and derivatives providers.

Sonnie has worked as a private client lawyer, focusing on succession, estate planning and trusts. He ran his own legal firm in Australia before relocating to New Zealand. He has also acted in independent trustee and company director positions.

Sonnie is passionate about helping people achieve their goals and manage the risks to which they are exposed.

He has written extensively on his blog, New Zealand Wealth and Risk, which can be found at www.wealthandrisk.nz.

Sonnie is married to his wonderful wife Chrissy, and has two young children, Ben and Anna.