5 Things You Can Do to Stay Financially Resilient After the 2024 Election

Every so often, events unfold that shake us to our core. The aftermath of the 2024 U.S. presidential election has left many feeling a range of emotions: sadness, disbelief, anger, and even fear. If you’re experiencing these feelings, know you’re not alone. Moments like these often compel us to reassess what matters most and how we can take meaningful action.

At ImpactFI, our mission has always been about aligning financial goals with values like equality, justice, and fairness—concepts that transcend politics. While we can’t control the outcomes of elections or policy changes, there’s much we can control. Here are five actionable steps you can take to stay grounded, make a difference, and remain aligned with your values in uncertain times.

1. Stay the Course

Panic is not a strategy. Economic and political environments will always shift, but your long-term financial goals tend to remain constant. Adhering to a well-constructed plan, staying invested, and rebalancing portfolios during market volatility are proven strategies for weathering uncertainty. If you’re feeling unsure, revisit your plan—it’s designed to guide you through turbulent times.

2. Lean into Sustainable, Responsible, and Impact Investing

Your investments can reflect your values. Sustainable, Responsible, and Impact investing enables you to align your portfolio with causes you care about, whether it’s sustainability, social justice, or corporate responsibility. At ImpactFI, we can also help amplify your voice through proxy voting, ensuring your investments advocate for the change you want to see in corporate boardrooms.

3. Support Causes You Care About

Charitable giving is a powerful way to effect change. Consider donating cash, appreciated securities, or even your time to nonprofits that champion your values. Tools like donor-advised funds can simplify giving while maximizing the impact of your contributions.

4. Vote with Your Wallet

Every purchase you make is a vote for the kind of world you want to live in. Tools like Ethical Consumer, Done Good, Progressive Shopper, Goods Unite Us, and Buycott can help you direct your spending toward companies and products that align with your principles. Conscious consumerism can be a force for good.

5. Build Community and Support Others

In a divided nation, supporting one another is more important than ever. Whether through acts of kindness, lending an ear, or collaborating with like-minded individuals, fostering connections can create a ripple effect of positivity and resilience.

What We’re Doing at ImpactFI

We remain committed to helping clients navigate the changing landscape. Here’s how:

Monitoring Policy Changes: We’ll keep an eye on new laws and regulations, particularly around taxes, and update your financial plan accordingly.
Optimizing Portfolios: Staying invested and rebalancing through volatility will remain our focus, along with identifying tax-smart strategies to take advantage of market conditions.
Innovating for Impact: We continuously explore new tools and opportunities to help you align your financial life with your values.
Being Available: Whether you need a sounding board for ideas or want to discuss specific concerns, we’re here for you.

Final Thoughts

Making money and making an impact are not mutually exclusive. By focusing on what we can control, we can move forward and create the outcomes we desire. Stay strong, stay focused, and let’s continue making a difference—together.

"The greatest glory in living lies not in never falling, but in rising every time we fall." – Nelson Mandela