A QUESTION OF VALUES
part 2
“The decisions we
regret the most often aren’t those that hurt financially; they were
the ones characterized by failure of vision and depletion of our
inner ‘capital’ of purpose.”
–John R.
O’Neil
You are important. Identifying your values is essential. What you
want your money to do for you is important. Answering the hard
questions assures that your expectations are identified and met.
Most importantly, you can have the life you’ve always wanted,
perhaps sooner than you ever dreamed!
It helps to understand some basics about money.
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Our beliefs about money are established at about
age seven (7), rarely changing without a strong outside
influence such as therapy or education in finance or other
money-related fields.
-
Men and women have different beliefs and ideas
about money. Women tend to relate money to emotions and values,
(security, freedom, happiness), whereas men often relate money
to goals, (fishing boat, motorcycle, golf or hunting trip).
-
Most couples do not discuss money before
marriage. They most often don’t even consider that money
(beliefs and expectations) could cause a problem for them.
However, disagreement about money is a leading cause for
divorce!
-
Young people today are usually not taught by
parents or schools to budget, manage money or to set goals. When
choosing a career they are unable to evaluate realistically the
affect money will have on their lives or the sacrifices that
might be necessary to get the job of their choosing.
-
Many of us seek instant gratification by spending beyond our
means. We don’t seem to understand that the “great deal” is in
fact a growing monster called credit interest that could take
years to pay off and rob us of financial freedom.
Wealthy people can
have as many problems with money as those without enough. Because
the wealthy are often idolized or envied , they feel isolated.
Inherited wealth may seem undeserved, instilling guilt, fear of
spending or extravagant spending in an effort to be rid of the
money. They also often have trouble trusting others, so aren’t
receptive to help or advice.
Once again the
question arises, “how much money is enough?” I ask you, “Enough for
what?” That’s where our discussion really begins.
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Adviser not licensed in all States. Advisory
Services are Provided through Creative Financial Designs, Inc., a Registered Investment
Adviser, and Securities are Offered through cfd
Investments, Inc., a Registered Broker/Dealer, Member
FINRA/SIPC,
2704 South Goyer Road, Kokomo, IN 46904 765.453.9600.
Todd Financial Services is not owned or
controlled by the cfd companies
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