I am so glad you haven’t run for the hills! Before we roll up our sleeves and get into this second of this series of three blogs, let’s do a quick review of the journey we have started.
- You do not have to like or be good at numbers to succeed at budgeting, but you do need to be an adult about it
- Though life cannot be reduced to numbers, keeping record of yours is necessary to keep you from spending money without thinking
- Your subconscious biases, fears and needs to self-soothe are often stronger than you suspect
- You did not die from exploring your spending habits
Monetary Manifesto! All Power to Me!
First things first. Where are we going?
Every political party needs an election manifesto! How else would you know what the party stands for, what it promises and how it says it is going to do what it says it is going to do? What can make or break your Monetary Manifesto is the language used. It needs to be clear, positive, descriptive, brief and easy to understand and remember.
In this instance, your Monetary Manifesto will describe your financial vision and will outline the steps you plan to take in order to turn your vision into a reality.
If you are new to budgeting or have let it slide for a while and now need to pick things up again, you are going to have to convince yourself of staying the course. Remember, Homo Sapiens makes a sport out of resisting change! If you want to change the way your life is being governed, you are going to have to be elected as the leader. Confused?
We carry with us many memories, experiences and personality traits that influence how we make monetary decisions. I like to think of them as your Inner Constituents. There might be your Mother, your Inner Rebel, your First Economics Teacher, your Inner Geek, your Inner Child, your Spiritual Leader, your Inner Grumpy Teenager, your Inner Worry Pot, or your Inner TV Guru.
In order to get constituents to vote for them, party leaders have to convince their electorate that they are the best candidates for the job. How do they do this?
Good leaders don’t know everything but they know good people
Good leaders don’t profess to know everything, but they surround themselves with good people who know stuff. One of those that should be on your winning team is a Financial Advisor who can be your sounding board, your coach and your accountability partner. At NFS we want you to not only win the election, but learn to govern well and prosper.