Money is a means to an end - Take charge!
BY: Paul Roelofse, CFP® | FPI Consumer Advocate
Be careful about money. If you focus on it only then it is all you will
have in the end. Money is a means to an end and not an end in its self.
It is not that meaningful to have a heap of cash saved and not
understand how it should be used. That is why planning is so important
as it creates a financial destiny towards which your money moves.
planning is a process which lays down a path to where you want to be.
It too is a means to an end. Financial planning has a destination with
realistic objectives for sometime in the future. The most difficult part
of the process is defining what you really want as many of us do not
know how money works in the complicated arena of the financial world.
it is all about maintaining our lifestyles which rely on by our income.
Guess what gets in the way? We rely too much on debt to support us and
we actually live above our means. So when setting realistic goals into
future how much do we actually have to set aside for the future? Earning
10% on your investments is a fruitless exercise when you are paying off
debt at the same rate. Your net worth will be going nowhere.
perhaps it's time to have a meaningful conversation with yourself to
take charge of your financial destination. Set realistic lifestyle goals
weening yourself off the dependency of debt. Divert your new found
disposable income into your own wealth for the future. The quicker you
get rid of debt the quicker you set yourself on a path to financial
freedom. It will take time and with a solid financial plan in place it
will be merely a question of time. Money being the means to end which
you are in control of.