When I was a kid, I had a vision for the life I wanted to live. Somewhere along the path to adulthood, I replaced the life that I wanted to live with the things that I wanted to own. I could tell you I wanted to own a home and a luxury car, but I had a hard time articulating a vision for my life. This lack of vision contributed to my disregard for time. That disregard led to a compulsion to spend more on things in order to resolve my conflict over my time not being used for something more purposeful.
No amount of spending and borrowing or saving and investing will get you what you want if you’re not clear about what you really value and what you’re working toward.
If you don’t know where you’re headed, then you can’t expect to reach your destination. On the road to your financial wellness, you need to know where you’re going and what it is that you want. As you work to improve your compass—your money mindset—it’s time to figure out where you want to go. Think of your values as the gas in your car, your vision for your life as your destination, and your money philosophy as the rules of the road. The steps you need to take in figuring out where you want to go are as follows:
On the Road to Financial Wellness tour, I asked thousands of attendees ...