Prefer to listen rather than read? Pair this post with Deliberate Money Moves Podcast: Know What Is Important About Money to You.
Let’s please agree on something. “More money” is not a goal.
Money is simply a tool that allows us to do the things we want to do in life. More money certainly helps but only if you have a higher objective. If you are focused simply on growing your wealth with no ultimate life-based objective in mind, you will make increasingly risky and poor decisions.
You must balance the desire for “more” with the reality of your life and what you want to do.
How do we do that?
Well, we can start today. Take a moment and think about your answer to this question.
What is important about money to you?
Now, whatever your answer is, what is important about that to you? Do this again and repeat until you get to a top-level objective for your life.
Here are some final answers I’ve heard:
- Create the best launching pad possible for my kids.
- Get to the point where I work because I want to, not because I must.
- Spend more time together.
- Never be dependent on anyone again.
Whatever answer you get to, realize that you should funnel all financial decisions and perhaps all life decisions through that objective.