Patel Wealth - NBF

On September 11, 2001, the US experienced one of the most shocking and unsettling tragedies in history. The September 11th attacks took the lives of over 3,000 individuals.
This terrorist attack demonstrated the worst of people but brought out the best of our nation. The American people, especially those in New York, rose from the ashes and banded together in unprecedented support.
Today, we recognize and honor those who lost their lives in this tragedy. Whether they were victims of the attack or those who volunteered.
We take a moment of silence to show our respects, so that their legacy may live on, and their memory will never be forgotten.

Celebrate Labor Day with a fresh perspective! This day was set aside as an opportunity for us to take time to relax, spend time with family, and maybe even have a parade. But have you thought about the journey behind the conveniences that make our lives so pleasant? It's not just a simple baseball, cell phone, or cup of coffee – it's the result of countless hours of labor from people all around the world. In the rush of our daily lives, it's easy to forget the labor that goes into everything we use and enjoy. This Labor Day let's take a moment to appreciate the hard work and dedication that brings these items to our hands. As you're celebrating, look around and consider the labor that made your celebration possible. Each item is a testament to the power of labor and the connections that unite us. Have a happy and relaxing Labor Day!

You could spend years researching and reading the internet's top things you must know in finance. Honestly, when it comes down to it, there is really only one big thing you need to be concerned about.
Live within your means.
What exactly does that mean? Whatever your income, your expenses must remain lower.
I know that some people reading this will say that is too simplistic and obvious. But the reality is, most of the people I talk to who have financial concerns, that is their issue.
Even those who have millions of dollars sometimes struggle with this one principle. It may seem like having millions saved up for retirement means easy living, but there still must be a budget. If you spend more than the portfolio can make for you, it will begin to be depleted. That depletion is fine unless it is happening at a faster rate than possible to sustain a 20–30-year retirement.
That's why I think it's so important to teach the next generation this idea. So, with your kids and grandkids help them understand the concept of living within their means. For some, this means giving an allowance or even earning an allowance through household chores.
Help them see the benefit of saving enough for a big item they really want. It's a natural tendency to let the money burn a hole in their pocket, as the saying goes. Help them move outside of that tendency.
This includes not bailing them out when they've overextended themselves. If you can start doing that when the consequences they face are small, like not having enough money for that candy, then the lesson will not be nearly as painful as it will be down the road.