What’s your financial purpose in life? Do you feel finances drive other areas of life? I would imagine it does because money affects life in many ways. Does the financial purpose intermingle with your life’s overall purpose? To me I believe it doesn’t, but then again it can. Purpose is defined as an outcome or idea that is the object of an action or effort. Finding financial purpose is your task by the end of reading this post because without it you will be lost in 401K Sea.
Someone’s life purpose might be to become a nurse or a lawyer, but how does that correlate to finding financial purpose. Think of it as what is the objective of your hard earned money you will earn in that profession? The activities and choices pursued today, will ultimately help you have unbelievable freedom later.
Finding Financial Purpose
My financial purpose in life is to live off my finances with assets in order to find freedom to pursue personal and professional passions. Did I just define FI in another light?
Well I think we all have a different yet similar versions of what FI means. Finding financial purpose is constantly on my mind due to several factors.
I am a risk adverse person and if I reach this goal, I would feel more at ease with my situation. Too many factors in life that can derail your progress in an instant cloud my mind on the daily.
What can you do to avoid thinking about the worst case scenarios when you’re hard wired to think like that? This is the reason I do not gamble, because I know the outcome, and losing money doesn’t sit right with me. Does this make me a negative thinking person? I tend to see it as I’m being realistic with the statistics in front of me.
Do you have more than one financial goal that will help you achieve the overall purpose? Goals and the difficulty of sticking to them are what people run away from. If you can complete goal after goal without hampering your regular life more power to you.
Goals have a way of psyching me up, which leads to trying to complete more goals. A goal is a stepping stone to reaching the ultimate financial purpose. If you find a thought that will help you financially, take action immediately as that could be a hidden stepping stone to another level in finding financial purpose. If you succeeded in finding financial purpose and didn’t take action towards accomplishing it, then you will stay in place until effort is taken to persevere.
What is 1 goal or action step you can take today to find your FFP?
-Write down or think about what do you want to do with money
-Make a 5 year plan of where you want to be financially
-What is 1 thing that makes you happy about finances or money?
Knowing answers to these 3 questions might get you 1 step closer to finding FFP.
Do you want help Finding Financial Purpose?
Rich Uncle EL
When we first got married, my wife and I read a book called “Blueprint for Life.” Since life is not all about money, although money intertwines into many facets of life, it was a great read. We haven’t looked at it in a couple years, but, this article serves as a good reminder to make a new set of 5-year goals.
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The good news is, you don't have to set out to change the world to have a meaningful life. Maybe your purpose is to brighten people's day at the store where you work. Or maybe your purpose is to cut people's hair so they can look and feel their best.