Did you ever make a dumb decision about money? Of course you have and so have I. More times than I’d like to remember.
Are you interested in making smarter choices about your money? Here are a few things to think about which will help you avoid making decisions that you will only regret later.
Doesn’t it make sense to develop a a financial strategy that reflects your personal goals that are based on what is important to you? Is it the “money” that is important, OR what money allows you to do in your life?
So what is it about money, that is important to YOU?
Creating an inspiring financial plan that will excite and motivate you to realize the life you desire, is so much more important than a hodgepodge of financial products bought here and there… for reasons one can never seem to remember.
Here are a few other questions you might consider asking yourself. What beliefs about money did you receive from your father and mother about money. Were they the same? How were you affected by those beliefs?
What are your major beliefs about money? How do you measure wealth for yourself?
When you get right down to it, it is my opinion that it isn’t so much the goals you have that are most important, but the reasons and whys they are so meaningful to YOU.
Roy Disney once said, “It’s not hard to make decisions when you what your values are”.
Making smarter choices about your money is all about defining your unique values, guiding principles, attitudes and aspirations. Then you can focus and take control of your financial life by setting priorities based on these core values & goals.
In other words, you can draw a financial roadmap to follow.
Then and only then, can getting information, professional mentoring and financial coaching actually help you make certain progress and truly attain your goals and gain personal fulfillment as well. And help you sleep at night!
If your relatinship with money is not in balance, no amount of wealth will give you peace. Just look at all of the wealthy people who commit suicide or drink themselves into a stupper everyday. You would think that since they had wealth, everything else in the world would be in order.
So once you understand yourself in relation to money, the rest of the process starts to fall into place. Knowing yourself, we can then set priorities of our goals and begin to attack them.
Before you make a financial decision, take a moment to think if this decision will move you closer to your goals or futher away? Is what you are considering in line with your values and what is important to you?
Having considered your options in this way will help you avoid making mistakes.