It’s important to identify your needs. Do you know what your fiscal needs are? We can identify financial needs through a general discussion about satisfaction, transitions, history, principles, and objectives.
Previously, our mini-series discussed: 1) Satisfaction, 2) Transitions, 3) History, and 4) Principles. Today, let’s explore the fifth concept and final part of this series:
Objectives are the ambitions, aspirations, and dreams that we would like to happen sometime in our future. It is very beneficial to discover our objectives. Later in the process, we can set goals then make plans to achieve them. For now, let’s explore our objectives to investigate them in more detail later along in the process. While it is urgent to deal with transitions we are experiencing now, it is vital that we set aside some time for the important and non-urgent activity of clarifying our objectives.
To do so, think about how you want to live and how money can support your ambitions, aspirations, and dreams. This is one of the key components of personal financial planning. By understanding our unique objectives, we gain a bigger picture life. We can then work to align our money with our objectives. Take 10-to 15 minutes to consider the possibilities.
TIP: Take a blank piece of paper and pen. Look at the first question and practice free-flow writing. Don’t think too hard. Don’t criticize your thoughts. Put pen to paper and let it out. If you get stuck, move on to the next topic. Take 15-20 minutes and write as fast as you can. Review what you wrote. Leave a comment.
Chris Bryant is an American financial advisor.