Perhaps by no fault of our own since it’s all part of the effects of the lifelong conditioning we’re subjected to, many of us just go through life with no plan, particularly with regards to our finances. Sure, we’re sold the dream of being told that we can be anything we want to be, with the general rhetoric around that being that if things don’t quite work out the way you want them to then that’s really just down to you. It’s your fault that you haven’t realized your dreams, isn’t it?
How many times have we asked the question of just why on earth financial education isn’t part of the basic school curriculum? I’m talking just the basics of managing your finances here, such as drawing up a budget, weighing up your expenses against your income, techniques to use if you wanted to save more effectively and even something as simple as how to open up a bank account (and the advantages thereof).
We are never taught how to plan and yet we’re told that we should have some sort of plan.
In a way this symbolizes the very real need for each individual to take it upon themselves and formulate their own plan which falls in line with their own unique life path and circumstances, but still, nobody is born with the natural instinct of drawing up a good savings and investment plan, for example. We are expected to be naturals at constructs which aren’t natural.
Start right now
At the risk of sounding like those often shady life-coaching characters who make their money out of relaying some hearsay to their “clients”, there is a lot of power in the act of writing something down, particularly something which forms part of a goal you want to achieve. That has to happen in conjunction with another very powerful act, the act of resolving to commit to something with immediate effect.
For now what you can commit to is perhaps just giving it some deep thought with the view of putting into place a practical plan of action which you’ll use to try and reach some goals you have in your life. And don’t let anybody fool you into feeling as if you’re overly materialistic by placing a monetary value on pretty much everything. The reality is indeed that everything costs money or involves money in some or other way, so yes, your financial plan is most definitely intrinsically linked to your general life plan.
So write down what you want to achieve and do some specific research on exactly how much it’ll cost you.
Focus on the how
The next and final step is to make an adventure out of trying to find ways to hit those numbers you identified as being part of your plans. Do you want to go on an extended vacation perhaps, as just a very simple example? If so, how much money are you going to need exactly and what are you going to do in order to try and raise that money?
Expect some pivots along the way, along with some challenges, but remember that you can never be faulted for going out there and trying something.