We often start the journey to accumulate as much money as possible with a desire for security and stability, but this is usually not what motivates us. The truth about making financial progress isn’t found simply through counting your blessings or finding happiness from having more assets; instead, it comes down to how you use those resources- whether they be earned income like salary increases or realized capital gains on investments -and resolving any inner conflicts that arise along the way so long as these actions align closely enough with personal values!
The Art of Non-Confrontation goes both ways. To have a better financial plan in place is essential so you can accomplish your goals and be happy with the results, but it’s just as crucial for others around us who may not share similar values or viewpoints on money – like our parents!
In this blog post, we look inside at what it means to develop a sound personal finance strategy by exploring some common questions.
“What’s important about money to you?”
What are your values? Values are what you want in life that’s worth striving for. Start by defining them through this “value’s climb exercise.” For example, ask yourself the following question: “What is important about money to me?” You’ll soon find out how far down each value path leads and where they intersect with two or more similarly valued items (such as security vs. freedom).
Could you be living a more meaningful life if you helped others?
It seems like an impossible walk to find the answer. Still, you have already taken steps towards finding some solutions by critically thinking about this question and evaluating your current situation with value-based principles in mind – even for just one day.
How to turn your values into action.
Once you’ve defined your values, the next step is brainstorming what goals will help support these principles in real life. For example: how much passive income do I need before feeling financially secure? That’s a dollar amount, and concrete steps can be taken towards making this happen–dozing annual family vacations, for instance, might mean being able to pay off some credit card debt or saving up enough money, so one child doesn’t need scholarships anymore! Defining these specific financial decisions also means they become clear; does my goal involve retiring at 55 years old with two decades worth of mortgage payments left on an equity-heavy home purchase?
It’s essential not just to set financial priorities but also to make sure everything else in life doesn’t slip through the cracks because if we don’t take care of ourselves first, then there won’t be anything left to live! Having a clear idea about what drives your finances can help bring all aspects together into one cohesive whole. For example, write down the goals and milestones for each destination as well as how much time or money is needed to accomplish them by the date listed below:
What’s the importance of a financial plan?
Nowadays, everyone is trying to make their life more exciting by going into risky finances. But you know what? A great deal of success comes from taking a step back and looking at your goal regarding how many concrete steps are needed for what you want that can be consistently executed over time – just as NASA had before sending humans onto the moon!
So, what is important to you about money?
The future is coming whether you are ready for it or not. Do things through a planned lens so your life will have the outcome of what’s desired most. Or, let destiny happen without any input on how to get there – live with whatever happens as fate delivers its appointed timeline!
