Does financial prosperity sound pretty great… and VERY far away? What IS financial prosperity anyway?
The simple answer is that there is no one-size-fits-all answer to that question.
For John and Mary, a young couple just starting their lives together, financial prosperity might mean being able to afford having Mary stay home and take care of the children they plan to have.
Financial prosperity for Louise might mean being able to pay the bills without stress.
For Stephen and Joanne, financial prosperity might mean retiring at 55 and sailing their 40 ft sailboat around the world for a few years.
For me, financial prosperity is all about finding that perfect balance between enjoying my life right now, and having financial security for the future; being able to live life the way I want to live it, without having to think “…but I can’t afford that…”.
At any rate, the first step in achieving prosperity is defining what that actually means, for you.
OK, so once you figure that out, how do you achieve it?
Not too surprisingly, there’s no one-size-fits-all answer to that question either. The steps that you should take, the changes that you should make in your life, are unique to you.
- Are you single, or in a long-term relationship?
- Do you own your own home, or are you hoping to, or is renting working just fine?
- Do you have children, or plan to?
- Are you still studying, or just started a new career, or looking at a career change?
- Are you just starting out, or fast approaching retirement?
The answers to these questions, and more, will determine the best approach for you to achieve your financial goals. That’s why it’s important to have a solid understanding of the fundamental principles of personal finance – because it will enable you to come up with a plan that works for you!
* * *
So, if you want to learn more about these ‘fundamental principles of personal finance’, and figure out how to apply them to your life, right away,
about our upcoming course, Creating Financial Prosperity.