When it comes to financial planning, many believe that the ultimate goal is accumulating as much money as possible. However, this approach may only sometimes lead to a fulfilling lifestyle. Instead, it’s important to consider what kind of life you want and then create a financial plan that allows you to achieve that lifestyle.

As Chris Brogan said, “The goal isn’t more money. The goal is living life on your terms.” This means that financial planning should be about creating a life that makes you happy and fulfilled, rather than just accumulating wealth for its own sake. Together, there are a few key steps we can take to help you achieve this goal.

First, take the time to define what “living life on your terms” means to you. This could involve creating a vision board, writing out a list of goals, or simply spending some time reflecting on what brings you joy and fulfilment. In our meetings, we like to work through open-ended questions that help you recognise blind spots and remind you of goals you may have had earlier in life but have long since left behind. Once you have a clear idea of what you want your life to look like, you can create a financial plan supporting those goals.

One important aspect of financial planning is budgeting. It’s helpful to understand your income and expenses to create a budget that aligns with your goals. A budget, or spending plan, allows us to uncover opportunities to increase your income and enhance how you use it. The goal is to create a budget that will enable you to live the life you want without constantly worrying about money.

Another important area of focus for us is investing. Investing can help you grow your wealth over time, giving you increased freedom in the long run. However, investing wisely and choosing investments that align with your values and goals is crucial. This might even incorporate investing in companies that are socially responsible or that align with your personal values.

For all of us, it’s beneficial to be mindful of our spending habits. We can so easily fall into the trap of “keeping up with the Joneses” and spending money on things that don’t actually bring us happiness or fulfillment. By being mindful of spending and focusing on the things that truly matter, we can create a lifestyle financial plan that aligns with our values and allows us to live life on our terms.