How You Can Enjoy The Present And Look Forward To The Future While Living Your Balanced Lifestyle Now And In Retirement
Brad Rosley’s Story:
My father’s death of lung cancer when he was 58 compelled me to look at both my life and my financial advisory practice differently. I decided that I did not want to separate my work from what was truly important in my personal life. Also, I didn’t want to feel regrets over what I did not do. So I asked myself, “What do I want to do with the life left to me?"
For me, as for many others, my favorite days of the year are vacations. I placed two family vacations prominently on my calendar: during the Christmas holidays and spring break. Ever since, our family has taken memorable vacations over those holidays. In my office you’ll see a large framed map of the world showing where we have been and where we plan to go.
Then, my next step was to answer this question: How can I balance saving for later and enjoying life now?
Helping You Live The Life You Truly Want Starting Now
My work as a financial planner reaches beyond finances as I live my passion of helping others take hold of the life they truly want. This means assisting them to:
- Prioritize what’s truly important to them,
- Keep that vision in front of them, and
- Discover ways for them to attain their vision.
Every day we are bombarded by advertisements (signs, emails, coupons, television, etc.) trying to get us to part with our hard earned money. While we say “no” more often than not, most people lose the battle and buy thing they do not really need or badly want from time to time. For some people losing this game can have a very detrimental long-term impact on their financial well-being.
Since people work hard for their money, they should be able to make some frivolous spending decisions, right?
Yes, but wouldn’t it be ideal if they knew they could make those purchases without impacting the attainment of their most important financial and life goals?
The Solution — Balanced Lifestyle
Start by defining your most important financial and personal goals and set up a systematic investment plan (money comes out of your checking account automatically every month) to fund them.
Taking the time to reflect on what is truly most important to you is an exercise that very few people take the time to do. Most people spend their life in a “reactive” mode reacting to what is going on around them rather than proactively planning to make sure certain priorities are given preference.
Those goals don’t all have to be long-term goals. For instance, I have a vacation fund set up so I make sure I have plenty of money set aside for my annual family vacations. Making this a priority and funding it means that I have less money in my checking account for other less important potential purchases. You can’t make impulsive purchases if you don’t have the money to pay for them!
It also makes it more palatable to continue going on these vacations knowing that I have the cash available to pay for them rather than running up a credit card bill to pay for them.
The idea of figuring out what is important to you and aligning your money with those things, some near-term (new car), some long-term (retirement), allows you to live a Balanced Lifestyle.
See the Six Step Retirement Planning Process for help to prepare for a successful retirement including Balancing Your Lifestyle.
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