The Missing Link
I know you’re working hard to earn and save! Maybe you make decent income and it seems there should be opportunity. But you’re just not making satisfying progress toward your financial goals. If this is you, here’s the missing link: PLANNING.
First Link:
The first link is the decisions we make with our money in the near-term.
Last Link:
The last link is the goals we have for the future—like getting our kids through college, being able to travel more, and having the freedom to retire.
Link In Between:
Financial planning is the link in between. It connects what’s happening in your life right now with what you want in the future. Without planning, most of us will fall short.
What does planning mean?
Planning is setting your direction, and outlining the steps to achieve them.
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And for those steps to happen, you’ll need systems (processes) built in, that work for you. James Clear says “Goals are good for setting a direction, but systems are best for making progress.”
What does it look like?
This is the fun part! Let’s call it your “Journey Steps to Financial Freedom.”
🪜 Get a clear picture of your situation—identify gaps and issues
🪜 Set your goals
🪜 Put your systems in place*
🪜 Change your relationship with money, so it’s working for you
🪜 Create a timeline and develop your roadmap for the future
*your systems may include monthly tracking of cash flow, routine money audits, new habit formation, strategizing for emergencies, optimizing accounts, and automating your savings and investments.
What are the benefits?
The HUGE benefit is financial security! Here they are, broken down:
🎉 Higher savings rate, leading to greater wealth
🎉 Financial confidence in your future (translation: no more worry!)
🎉 Confidence managing your money day-to-day
🎉 Improved outcomes because you can adapt to change
🎉 Easier navigation of competing financial priorities
🎉 Improvement year-over-year
🎉 Doing the things you love!
🎉 And making work a choice, not a must! (retirement)
