Our mindset is crucial to our financial success. Dealing with our money...
Our mindset is crucial to our financial success. Dealing with our money can quickly become an obsessive task; either focusing solely on the amount we're lacking or missing, or becoming obsessed with saving and storing up, we can sometimes do more harm than good. This is why mindset plays a significant role in how we approach financial planning.
Whilst a miss is as good as a mile, at the same time, too much of a good thing can be a bad thing.
To achieve balance in our financial lives, adopting a mindset that "just enough" is actually a very healthy space in which to be, can be helpful. This means recognising that while saving and investing for the future is essential, enjoying life in the present is also crucial. With this mindset, we can create a financial plan that prioritises our long-term goals while still allowing us to live comfortably in the present.
“Just enough”, however, is not a number; it’s actually a lifestyle choice. Yes, it’s sometimes represented by a number, but it will constantly change with our lives and situations. And, it is explored through a process of working with some of the following ideas:
Once you have defined your "just enough," it's time to implement this mindset into your financial plan. This involves balancing saving, investing, and spending that aligns with your long-term goals and values.
Achieving balance in financial planning means understanding that having "just enough" can be as good as having plenty saved up. By adopting a mindset of "just enough" and focusing on the areas of our lives that truly matter, we can create a financial plan to live a fulfilling and enjoyable life while still working towards our long-term goals.
Liron Mazor
Liron Mazor
Liron Mazor
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