747 Main Street
– /nan-tuhk-it/ adapted from Algonquian names for the island, perhaps meaning “faraway land”
While known as a tourist destination, Nantucket is much more. A vibrant community 30 miles of the coast of Massachusetts, the island of Nantucket reflects a spirit of self-reliance and connection with nature. It was designated a National Historic Landmark District in 1966, as being the “finest surviving architectural and environmental example of a late 18th- and early 19th-century New England seaport town.”
This research shows just how much work there is to be done.
A 2015 survey of investors with a net worth of $1 million or more by UBS found that while millionaires derive significant satisfaction from the wealth they amassed, they also feel compelled to strive for more, spurred on by their own ambition, the desire to protect their families’ lifestyle and an “ever-present fear of losing it all.”
Half of millionaires with less than $5 million—and 63 percent of those working with children at home—believe that one wrong move, such as a job loss or market crash, would have a major impact on their lifestyle, the survey found.
Is your financial house completely in order? Think about the opportunity cost if isn’t. What is the value of your time with your young adult children when they are only home a few weeks each year? Or your babies while they are still little? There is real opportunity cost of your time, in terms of spending less time with the people you care about most. What personal passion could you be mastering? What is the value of a few extra hours each week in nature or exercising or preparing healthy meals?
The cost of not planning for your financial goals, or doing it yourself is not without a clear and present cost.
It is possible to have greater control and spend less time on your financial planning and still achieve greater independence. What is the value of having complete confidence and not having to think about it other than a few times per year when you meet with your planning team?
Please enjoy our notes on Concord below. We hope it compels you to come for a visit or if you live here, to remind you to find your cross country skis or smell the roses.
Nantucket has come a long way since it’s whaling roots. With 17,200 full-time residents, it is a dynamic community that is home to a thriving arts scene, excellent food, and world-class beaches.
Nantucket Island’s original Native American inhabitants, the Wampanoag people, lived undisturbed until 1641 when the island was deeded by the English. The island was sold for in 1659 for 30 pounds of sterling and two beaver hats to the “nine original purchasers”: Tristram Coffin, Thomas Macy, Christopher Hussey, Richard Swayne, Thomas Barnard, Peter Coffin, John Swayne, and William Pike. Many of the island’s current residents are related to these families. Nantucket was part of New York, until 1691 when it was transferred to the newly formed Province of Massachusetts Bay.
The earliest references to whaling on Nantucket date back to the 1600’s. At the industry’s peak, from the mid-18th to the mid-19th century, American whale oil helped light the world and enabled the first phases of the industrial revolution. By 1807, Nantucket’s fleet of 116 vessels was the largest in the young American republic.
Herman Melville commented on Nantucket’s whaling dominance in Moby-Dick, “Two-thirds of this terraqueous globe are the Nantucketer’s. For the sea is his; he owns it, as Emperors own empires”. The industry peaked in 1853, but was quickly replaced by the discovery of oil in Titusville, PA. Cheaper, more abundant, and more easily obtained than whale oil – petroleum would soon displace whale oil to illuminate homes.
Devastated by the great fire of 1846 that destroyed the main town and the decline of whaling, the island was left under-developed and isolated until the mid-20th century. The isolation kept many of the pre-Civil War buildings intact, and historic districts have been established in town and Sconset to preserve Nantucket’s nautical charm.
The island is the site of several annual festivals, including a book festival, wine and food festival, comedy festival, daffodil festival, and a cranberry festival.
Nantucket has several notable museums and galleries, including the Maria Mitchell Association and the Nantucket Whaling Museum. The island has been an art colony since the 1920s, whose artists have come to capture the natural beauty of the island’s landscapes and seascapes. Noted artists who have lived or worked on Nantucket include Seward Johnson, Frank Swift Chase, and Theodore Robinson.
Several literary and dramatic works have roots on, Nantucket including Herman Melville’s classic Moby-Dick, Nathaniel Philbrick’s In the Heart of the Sea: The Tragedy of the Whaleship Essex, Edgar Allen Poe’s The Narrative of Arthur Gordon Pym of Nantucket and the novels by Elin Hilderbrands.
Nantucket has many highly rated schools both public and private
Wicked Island BakeryIsland KitchenHandlebar Café
45 SurfsideYummyBartlett’s Farms
The NautilusSayles SeafoodCisco Brewery
The seemingly endless trails through the moors for hiking, running, and biking, beaches to lounge or surf, sailing at Jetties, and golfing at Miacomet or Sankaty Light. The Yoga Room and Dharma Yoga offer options to move and get centered.
Schedule a conversation with us and ensure yourself a meaningful Nantucket experience.