Financial Advisor Update

Your Early Midlife Crisis

 

It can be a scary moment to realize that you are not happy with your career and don't know what your options are at age 35, when you have children or a family who rely on you.

The Prescription

My message to all of the 20- and 30-something men in my audience is that this early onset of midlife crisis is fairly common. You are not alone.

It is a normal part of our developmental cycle, and if it's resolved successfully, it will allow you to really enjoy your golden years. It is important to remember that all people change rather drastically during their 30s and 40s. The things that motivated you early on after college may no longer fuel your fire by the time that you are bouncing your firstborn child on your knee.

In many cases, people either grow out of their jobs or marriages to some degree, or the job or marriage changes so much that it matures away from us.

If you are experiencing any of these symptoms, it is time to take inventory of your life and what is important to you.

I find that it is important to re-evaluate your life goals and ambitions at this benchmark in your life. Be brutally honest with yourself and others about what you need and want for your future, because holding in your feelings can lead to impairment in your social and occupational functioning.

Take this opportunity to look within yourself, at your core values, beliefs and aspirations. Be realistic and engage others whom you trust to help you live out your dreams.

Expect to work hard to get what you want in life and remind yourself every day that you can script your own future. Start writing that script today.

Please write to the Stock Doc with your trading, emotional, or investing dilemmas. Dr. Cass always welcomes comments and stories, for which he'll try to offer solutions in later columns.

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Cass is a performance enhancement coach and clinical psychologist for Catalyst Strategies Group (www.catsg.com) who specializes in working directly with individual and teams of senior investment executives, including high-profile CEOs, top hedge fund and prop traders, investors, and financial advisors to help them achieve their financial and personal goals. He works to modify behaviors that are hampering their performance and to give them the mental edge within competitive work environments. He is a licensed clinical psychologist and an expert on the use of psychology in the financial services industry. He has conducted behavioral healthcare studies on retail stockbrokers that indicated that 23 percent of the group measured met criteria for major depression. His research has been presented at both national and international conferences (APA, ICPP). He is a major contributor to columns in On Wall Street Magazine and Traderdaily.com. Cass has also conducted workshops with the Securities Industry Association, Money Management Institute, Trader Monthly Magazine's Peak Performance Workshop, The Wall Street Branch Managers Meeting at the Federal Reserve Bank of New York, and the London Bullion Market Association, the Silver & Zinc Association, the Investment Management Consultants Association (IMCA), and the Investment Products Association (IPA).

He has appeared in the following media: The Today Show, Fox News Live, New York Magazine, Businessweek, Lou Dobbs Moneyline CNN,CNN money.com, CNBC London, Financial Times, London Financial Weekly, Washington Post Radio, NY Newsday, On Wall Street Magazine, E-Trade "On Air," BBC Radio, Reuter's Business Newswire, New York Times, Boston Globe, Absolute Return Magazine.

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