The allure of ‘more’
Cashflow is the lifeblood of any financial plan. How we allocate the money coming in will determine both the present and the future of our families. It’s not a glamorous topic, but it’s undeniably ground zero of financial success.
Our cashflow challenges evolve as we move through the different life phases. Our early working years are typically about providing for essential daily “needs”. For those whose careers allow them to break free from daily concerns, the allure of certain “wants” starts to emerge. These desires challenge our beliefs about what we need to be happy.
This internal battle rages on throughout life, and how we respond to this challenge will determine our future financial success. But what truly brings fulfilment, and what consequences do these decisions have for our future selves?
The Quicksand of Accumulation
Our desire to accumulate more is grounded in evolution. A striving for “more” drove past generations to create the world we now live in, and current-day economic theory is still based on the assumption that “more is better”. But, in a world where most of us have moved well beyond providing for basic needs, does this instinct for more create problems we could do without?
Embracing The Tradeoff
There are many ways that spending can bring happiness and joy – many of my clients have shifted their spending from possessions to experiences with family and loved ones.
However, everything in financial planning is a tradeoff. For many, embracing “more” comes at the expense of their own “tomorrow”.
Yet, we need the balance to not miss out on today for a tomorrow that might never come.
Before all of us lies the invitation to let go of pursuing “more”, choosing instead to embrace “enough”. We appreciate and understand that everyone’s definition of satisfaction and “enough” is unique and personal.
The other week I had back to back meetings with retirees - the amount they spent on a monthly basis was greatly different to each other. Yet both were incredibly happy.
Each persons Enough will be different.
Navigating Together
While you will always remain the expert in the design of your own life, my job is to be the expert in guiding families in making the tradeoffs that provide them both meaning in the present and an independent future.
Guiding families from pursuing “more” to embracing “enough for tomorrow” is our reason for being. The comprehensive planning we provide includes all the tools you need to walk your financial journey successfully. We look forward to guiding you on your journey to “enough”.