The phrase money independence may appear elusive to you. Why is that so? Do you envision a number that seems too far out of reach? Have you calculated a number? If you’re like many I talked to, they are too busy to stop to figure out that number. Maybe we should start with how would you feel if you achieved it?
How does money independence feel?
Does money cause you a lot of stress? Do you find yourself working to pay the bills? What if you could work toward something that’s meaningful to you? I believe and financial life planning. It’s difficult to figure out the financial side if one has not thought much about the life planning side. If you didn’t have to worry about a paycheck or your next annual review with that reduce your stress? If you had a year of cash reserves to go pursue another more meaningful career but that make you happy? I asked these questions not because these are the right questions for you, but questions that may help you start to sort out what money independence would provide for you.
The different levels of money independence
let’s say that you have finally defined what money independence means for you. To live the life that you want, the one that is meaningful to you and possibly your family what would that income be? Would that mean an income of $50,000, $100,000, $250,000, $500,000 or more? Slowing down to figure out that number could be a way to decrease your blood pressure and your cholesterol. Sorry if I started talking about myself. I know that along the journey of life it’s easy to only see in front of you. However, taking some time to work out the numbers, your numbers, may give more meaning to the morning and evening commute. You may or may not be one of the people who tends to work to be seen in a positive light by others in your work. Maybe a change of venue, to be around others who have your idea of money independence may be what the doctor ordered. Or maybe the doctor doesn’t know that that is what’s causing your high stress in the physical issues that come along with it.
Money independence and pursuing your happiness
I invite you to learn more about the holistic process of Envisioneering financial life planning. We want to help you clarify your values, passions and goals. What is important to you about money? Why is that important? We want you to think about you and if appropriate your loved ones. If you have a spouse or partner, what are their beliefs and feelings? These questions are not about what the Joneses are doing, but what you want to do. What is your pace? We want to help you pursue what money indendance will do for you. Then we want to help you chart a course to achieve your idea of money independence given the trade-offs you are willing to negotiate. That may be saving more today, saving more tomorrow, changing your time expectations, etc. Your plan is custom built.
Do you owe it to yourself to slow down and get answers to your money independence why? We can help you with that as well as helping you build the plan that answers how. Let’s get the conversation started.
