Pretty nice, right?
Whenever the holiday season happens — or whenever I “check out” for awhile, snowboarding down some snowy mountain or lounging on some tropical island — I’m reminded of why I’m committed to money management.
It’s not (just) because it would be cool to have a 7-figure net worth. It goes beyond that. It’s because wealth lets us spend our time lingering with friends and family a little longer.
Wealth gives us the flexibility to make our own hours, choose our life’s work, and say “no” to projects that don’t interest us.
Wealth buys us the ability to manage a team of people who can help us reach our dreams (because no one can achieve great things alone.)
Wealth lets us enjoy life at our own pace. Hop on an airplane more often. Hang out with our family more.
It’s Not About Tactics; It’s About Your Big Why
Many people struggle to save. They tell me that they too frequently cave into the temptation to buy the next fancy gizmo or doodad or whatchamacallit. Then they ask me about TACTICS.
“Should I be using budgeting software?”
“Should I try the envelope-cash tracking method?”
“Should I keep X and Y in separate accounts?”
They’re asking the wrong questions. Tactics, details and minutia can come later, once you’ve committed yourself — heart and soul — into your quest for financial freedom.
But let’s not put the cart before the horse. All the strategies and maneuvers in the world won’t help unless you know your Big Why.
WHY do you want wealth? WHY do you want to be financially free?
Do you want to travel the world indefinitely? Do you want to quit your cubicle job? Do you want to contribute to causes? Do you want to become a stay-at-home parent? Do you want BOTH parents to be able to stay-at-home?
Tactics are 20 percent of the equation. Tactics will help you fine-tune and optimize. But 80 percent of the journey is remembering your Big Why.
And the holidays — when we’re all taking things a little bit slower, lingering a little longer over dessert and wine — are a great time to remember why “sacrificing” the fancy gizmos and doodads, well, isn’t really a sacrifice at all. In fact, its a joy. Because if you’re anything like me, you’d rather use your money to buy back your life.