EXAMINE YOUR LONG-TERM GOALS If you’re really serious about achieving financial freedom—about moving from the left to the right side of the CASHFLOW Quadrant and staying there—it’s time to examine closely how you order your long-term goals. Knowing what you value most will save you many agonizing decisions and sleepless nights later. A good way of getting started is to write down what you perceive as the pros and cons for each possible goal: Depending on how the pros weigh against the cons, you may actually find yourself re-ordering your goals. This can be a priceless exercise, for it suggests possibilities that you might not have previously imagined. FINANCIAL GOAL PROS CONS Secure ___________________________ Pros___________________________________________________Cons_________________________________ Comfortable ______________________ Pros _________________________________ Cons________________ Rich ________ Pros_________________________________ Cons_________________________________ “Nothing is more tragic than to see people who have sold themselves short on what’s possible for their lives,” They try to live frugally, scrimping and saving, and they think they’re being financially smart. In truth, they’re limiting themselves. Most people spend their lives imprisoned by financial ignorance. It shows up in their faces and in their attitudes as they get older. They begin to look like wild lions trapped in their cages, pacing back and forth while they mull over what happened to the life they once knew.
Posted on: Wed, 04 Sep 2013 08:24:47 +0000
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