It's not hard to make decisions when you know what your values are

It's not hard to make decisions when you know what your values are

Image courtesy of Carl Richards at Behavior Gap

“Values aren’t buses… They’re not supposed to get you anywhere.  They’re supposed to define who you are.”

― Jennifer Crusie

One of our mantras here at Bloomsbury is ‘It’s not about the money’.  People seem to assume that financial planning IS all about money but the money is just one of the means to get you to where you want to be.

The initial, and arguably the most important, part of the financial planning process is all about YOU.  Not what you earn, or how much wealth you have accumulated, but what drives you, what gets you out of bed in the morning, what are your hopes and dreams?

Determining your values is a vital part of this process.  Life is a series of compromises and for the vast majority of people there will be trade-offs needed: spend a little less now to be able to choose to stop work a little earlier, for example.

The two most limited resources we all have are time and money.  Both need to be spent wisely.  Financial planning is about creating a structure within which decisions can be made as to what those trade-offs need to be – and equally importantly what you will NOT compromise on – and a plan then put in place for implementing those decisions.

You can make a start on thinking about your values here

“Your beliefs become your thoughts,
Your thoughts become your words,
Your words become your actions,
Your actions become your habits,
Your habits become your values,
Your values become your destiny.”
― Mahatma Gandhi