Many people take no care of their money till they come nearly
to the end of it, and others do the same with their time.
Johann Wolfgang von Goethe
Look in any major city around the world and you will see the results of great visions: St. Paul’s Cathedral in London, the Eiffel Tower in Paris, the Opera House in Sydney, the Reichstag in Berlin, Saint Basil’s Cathedral in Moscow, the Empire State Building in New York City.
What you won’t see are the scores of visions that never progressed beyond the schematics, never even broke ground. The unfortunate truth about building is that some of the bestlaid plans have never seen the light of day for one very simple reason: lack of funding.
So while you may have determined where you are in life and where it is that you want to go, it’s crucial that you take a long, hard look at your finances. As the architect of your destiny, you need to make sure you value money properly and manage it effectively. Just as many buildings never get built for lack of funding, so it is with life as well. Many lives never become what they could become because money is never managed properly.
Your Financial Plan for Life
Today it would be hard to imagine anyone truly experiencing happiness and peace of mind without also achieving financial stability. Financial stability provides freedom from debt and the ability to enjoy many comforts in life. Happiness and peace of mind comes when we’re in the position to provide well for our families, enjoy sharing great experiences with friends, contribute to good causes, travel the world, and, ultimately, be in control of our own time.
By working on a plan for life, anyone can become financially independent. It’s never too late to start. However, in order to do this, you must face the facts of your present life and make the decision that you are going to do things differently, assuming of course, that you need to make some changes. A seminar speaker once said: “I simply got sick and tired of being sick and tired.” When you face the facts of your current financial state in life—without being defensive and without attempting to blame someone else—you can gain the control to make your life more of what you want it to be.
Jim Rohn, who became an internationally famous speaker and writer, often talked about the day that turns your life around and the day that one realizes that debt will no longer enslave and that financial freedom is a worthy pursuit.
So let’s take a look at your financial state to determine where you are and where you need to make modifications to your plan.
Are you investing or saving a minimum of 10 percent of your income?
Age has nothing to do with the question. This question is very basic and allows no wiggle room. You are either doing it or you are not. One…