Feel stuck? Like you can never get out of the situation you’re in? You’re not alone. Countless people feel that way. It’s the reason why they stay in their jobs, buy too much stuff, and get stuck right where they’re at. Revising your financial plans is not an easy task, especially for those of you who have become accustomed to one way of doing things. The biggest hurdle is typically an inability to imagine a better way of life.
There’s something greater. You need a hope, a dream, a vision for your future! Imagine for a moment that you could live different financially. What goals might you want to pursue?
Whether it’s investments, savings, insurance, spending, or your giving that needs to change, I recommend doing monthly reviews of each of these areas. Most of these financial areas will remain a constant for years. However, you need to check to make sure that one area isn’t overdue for a revision.
Let’s say for example that you’ve purchased term life insurance (a recommended buy). You know you need 8-10 times your income in life insurance, but it’s been 10 years of the 20-year term, and your income has gone up significantly during that time. Perhaps you need to purchase additional coverage! By reviewing your big picture month by month, you’ll inevitably think of something that can be improved.
Start by creating a list of financial pieces that should be reviewed monthly. This will keep you on track as you brainstorm new ideas and modify your financial situation. This doesn’t mean you should meet with your investment broker every month. All this means is that you are being aware of your financial situation. Once you have this awareness, improvement will most certainly be made.
What are some areas you need to revise? I’ll meet you right here on The Christian Dollar comments section to discuss this with you.
! John wrote two articles for the book: "Budgeting for Groceries" and "How Grocery Stores Work."
