Financial Planning: Focus on your Values
The best financial plan has nothing to do with “outside forces” beyond your control, but rather everything to do with what’s most important to you. Instead of feeling overwhelmed by the complexity surrounding financial decisions, a straightforward financial plan can bring clarity and peace of mind about which strategies will work best for your particular situation.
Why are you Planning?
Most of our money decisions are driven by a desire to feel happy, safe, and secure. Before you can plan, you must know why you are planning. Knowing your values can help eliminate distractions and help you focus on what’s most important to you.
The more we can make money decisions that support our values the less likely we will regret those decisions, even if they are expensive choices.
Learn from previous mistakes
Famous investor George Soros once said, “there is no shame in being wrong, only failing to correct our mistakes.” Don’t use the mistakes you have made in the past as an excuse to deny yourself what’s important. Disappointments often come when people are so focused on outcomes that they miss out on in life. Planning usually involves letting go of the following;
- Expectations about the future.
- Outcomes we cannot control.
- The need to measure ourselves against others.
Don’t deny yourself the things that help keep you healthy and happy. Spending large sums of money on something, even items that you would consider a luxury, doesn’t necessarily mean you are making a wrong financial decision. It may well be the best decision for you, but only if it is in line with your goals and values.
We can help identify what support you need and talk you through your options. Your first consultation is free and without any obligation to proceed. We’ll explain how we can help, the options available and how much advice is likely to cost. For more information about what we can offer you, call our team on 0203 6386 698 or email enquiry@lionmede.co.uk.