5 Essentials of a Successful Financial Journey

Our financial life is a journey. It is a financial passage from the moment you were born, to where you want to be in the moment you retire and are in old age.

Here are some elements of what a financial journey should look like:

1. You need to know your starting point

2. You need to know your destination

3. You need a platform or way to get from your starting point to your destination

4. You need to know the direction

5. You need to follow the direction

Consider an individual attempting to get around in an unfamiliar city or location. An instinctive decision is to pull out a mobile device to utilize google or apple maps, or ask around for directions. We all depend on something or someone to get us from where we want, to where we need to be, one way or another.

Your financial starting point is like a financial snapshot of where you are financially. Your destination is your financial SMART goal. The platform or way to get to your destination is to have a financial plan or financial map. The financial plan, or map can show you the direction or way to get to your destination. It’s now up to you to follow the direction to get to your destination.

A personal finance coach is an individual that can work with you to develop a financial plan and map (think google maps), and show you a direction to get you from where you are (think your financial snapshot) to your destination (think your financial goal).

No doubt there will be challenging moments and financial wins. However, if you’ve always done the same thing with money and would like to get a different result, it’s time you try something different.