What is Financial Life Planning?
It is our view, not that "Life is too short," but rather that "Life is too long, not to be doing those things that are fun and rewarding," and that the majority of people in our society and culture don't spend enough time examining these issues.
- Are you missing anything in your life right now that is important to you? What is not happening that you want to happen?
- Where do you want to be and what do you want to be doing in 5 years? 10 years? 20 years?
- What are you passionate about that gives meaning to life?
We believe that the money is "the means, not the goal." While money can assist the achievement of these goals, often there are other ways to achieve these goals which may have little to do with personal finance, and which are instead related to astute lifestyle choices.
- Are you living a balanced life? Which areas are in need of time and focus?
- What is it about your work that makes you feel trapped?
- What realistic changes can you make in how you run your business so you can experience more freedom?
The concept of retirement is undergoing a metamorphosis. Demographics, societal, and workplace trends have all converged to offer a stage of life at midlife and beyond that is much more fluid and flexible than what most of us could have imagined. No longer is retirement equated with not working, leisure, and being old. Retirement has become a matter of personal definition.
- What does "retirement" mean for you?
- Why wait until age 62 to do what you really want?
- What do you want to be remembered for?
Financial Life Planning is about using your money to make a life rather than using your life to make money. It is a process of creating and implementing a financial plan that is tailored to your financial history, goals, life transitions and values. The Financial Life Planning process helps you identify and/or clarify your purpose, values, needs, and priorities and align your financial decisions with your goals in all areas of your life. Soon you will begin to "see" the connection between your financial life and the challenges and opportunities inherent in each life transition.
Focus is important!
A 75-watt bulb will dimly light your living room. However, put a 75-watt bulb in a laser and you can drill a hole in a diamond. Unless you are the likes of Bill Gates or Warren Buffet, your resources are somewhat limited. The Financial Life Planning process provides the focus that may enable you to attain goals that seem out of reach.
