Life is a matter of choicesSubmitted by Financial Planning Solutions, LLC on March 28th, 2019
John C. Maxwell, author and speaker once said, "Life is a matter of choices and every choice you make makes you"
It's true. We all make tons of choices every day. From what to have for breakfast, to what to wear, to what lane to be in while driving.
Some of these are more important than others.
When it comes to the choices we make around money, it can make the difference between having a successful financial life and one filled with struggle and anxiety.
We all know that life isn't fair and some get a much better start financially than others. Depending on who your parents were and where you were born can make a big difference as well.
I was fortunate to grow up in Boston and raised by parents who lived below their means. We were far from wealthy but were comfortable. (Well, my mom wasn't known for turning the heat up much so maybe not comfortable temperature wise). They taught me to save for a rainy day, to always be reading, pay off your credit card in full each month, and to not try to impress anyone with "things".
Even if one today realizes that they haven't made the best financial decisions, it is not too late to make a change.
Human beings are the only species that can rewrite the next chapter of their life. Rip up that old life and start fresh.
Is it easy? Does it change in a day? No. As the tennis player Arthur Ash said, "Start where you are. Use what you have. Do what you can."
When we prepare a comprehensive financial plan for someone, we do just what Mr. Ash suggested.
We start with where you are right now. Like any journey, it is important to know where you are starting from and then take an inventory of what you have. What assets, income, and how much debt.
Then we talk in detail about your life goals. What exactly that looks like. If we find there is enough time, assets, and income to "get there", then great. If not, not all is lost. We just need to adjust things a bit or maybe prioritize the goals.
When we set these goals down on paper (and that is an important step as written goals are much more likely to come to fruition) we are halfway there. Those with no goals are never going to achieve anything.
Now, you may have some goals, you may have even written them down. But if we don't take action, we most likely will not achieve our goals. That's why we are here. To help you fight the procrastination that affects us all. Just like a personal trainer at the gym telling you to get down and do one more pushup, we are here every step of the way in your personal journey to keep you on track.
If you don't feel like you are on track to meet your goals, give us a call and we can figure it out together.
I'll leave you with one of my favorite quotes by T.D Jakes a pastor and author. "If you always do what you've always done, you'll always be where you've always been"
Give us a call or shoot me an email.
We are here to help.
All the best.
Rick Fingerman, CFP®, CDFA®, CCPS®
Financial Planning Solutions, LLC (FPS) is a Registered Investment Advisor. Financial Planning Solutions, LLC (FPS) provides this blog for informational and educational purposes only. Nothing in this blog should be considered investment, tax, or legal advice. FPS only renders personalized advice to each client. Information herein includes opinions and source information that is believed to be reliable. However, such information may not be independently verified by FPS. Please see important disclosures link at the bottom of this page.