Day 9:Financial health, why it’s important to invest in your health & to become a world class saver
You know you're adulting when you seek out a financial expert.
It was a conversation with my Father-in-law that opened my Husband and I’s eyes to consider consulting with a financial advisor. We felt we needed an expert to take a deeper look into our finances to help us set up our future of financial stability, living debt free and smart with our funds.
The timing was perfect too, we met our financial advisor, Jeffry Weldon with Strategies for Wealth, when we wanted to buy our first home. Having someone to talk to about our finances gave us confidence going into the process. We knew this was an investment we wanted to make. Now, as successful homeowners, our focus has shifted to saving for baby Legg, whom we hope to meet in our near future.
I feel an obligation to share our experience with my community to encourage you to make money management a priority in your life. Money can be the root of a lot of stress for people, so being more confident and secure in your financial decisions will offer some ease and excitement when you open your mind to an abundance mindset.
Jeffry Weldon has been guiding our family to financial success, encouraging us to always be a step ahead, to get rid of debts and to become a world class saver. We have experienced so much positive growth in our financial journey, so I asked Jeff to offer you all some simple steps to create financial peace in your life. Read more below as Jeff provides valuable tools you can start implementing now.
“It does not do to leave a live dragon out of your calculations, if you live near him.” Whether you are a fan of the Hobbit and J.R.R. Tolkien this is not difficult to understand. However, what to prepare for is not quite so clear in the financial planning arena.
Often we don’t know where to start and are overwhelmed as we find all that is involved.
To create some financial peace in your life do two things:
Find a financial coach
I recently realized that I had no power in effectuating change in my health. I wanted to lose some weight and get on an exercise schedule. I called Ashley and asked if she could coach me in this area because I could not do it alone. Progress is occurring and more importantly peace of mind has been created in that area of my life.
Start with these 4 steps:
Protect your todays,
Become a world class saver,
Create a Life events fund, and
Work toward Living debt free.
You never know when life might change its mind so protect your todays. This should always come before your tomorrows are considered. Having optimal protection set up gives you the secure financial foundation you deserve.
Once your protection has started Improving you can start to focus on building your balance sheet. The bottom line is the amount you save each year creates more growth than pursuing investment return. And guess what? You control what you save. Being a great saver lets you create a future for yourself with the confidence that things will work out.
You create more choices in your life a world-class saver. Imagine creating a solid layer of wealth that is at the same time safe and available. This helps you understand the importance of maintaining a balance between you liquid and other long-term financial strategies.
One of the biggest anchors people have dragging behind them is high cost consumer debt. This is so destructive force that can greatly affect your wealth. If you had a choice between your credit card company or your family, who would you choose? There are ways in which debt can be eliminated permanently from your financial picture without leaving you exposed in the meantime. Knowing when to handle short-term debt is just as important as not having it.
A woodsman was once asked, “What would you do if you had just five minutes to chop down a tree?” He answered, “I would spend the first two and a half minutes sharpening my ax.” Thank you for giving me a few moments to help you sharpen your perspective.