The first step to intentionally improve your freedom is to understand your perspectives on money.
Your view on money is a culmination of philosophies adopted over time. We call this a fiscal philosophy or fiscalosophy.
Assessing your fiscalosophy helps you achieve a better understanding of how you feel about eight important financial areas and your current comfort level in those areas.
It is a way of answering the question, "How did I arrive at my perspectives on money?"
What was money like growing up?
What is one of your earliest recollections in life around money?
What does money represent to you?
The biggest mistake people make is not aligning their money with their values. This leads people to feel trapped and unhappy in a seemingly never ending cycle.
Then, when changes do arise, people bend the knee to societal pressures. Freedom Planning™ helps figure out what YOU value rather than what those around you value.
So, the question is changing from, “Do I have enough money?” → “Am I managing my money in a way that is improving MY life?”
What factors do you consider when making financial decisions?
If you already had all the money you ever wanted, what would you do differently?
How do you feel about investment risk?
Did you know that the most harm is done to people's financial well-being because they are NOT prepared for key life transitions?
We know that it is far better to prepare rather than repair.
So, the third step to freedom is to sit down, look into the future, and intentionally prepare for life’s transitions.
We do this by creating a Financial Lifeline. The Financial Lifeline answers the question, "Are you financially prepared for life’s transitions?”
What made you choose your career path?
How will you know when you have enough?
If you were to look back on your life today, what do you want to have accomplished?
© 2021 PrairieFire Wealth Planning. All rights reserved.
Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., a SEC Registered Investment Advisor. PrairieFire Wealth Planning is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.