Success Lessons From 2014 Part V - Sync Your Priorities With Your Finances

Dear loving people, 

Dreaming is good and necessary for success but at the same time, having too many dreams that are not prioritized could rather lead to failure. It’s my experience that priorities lead to prosperity. If you put things in perspective by putting your priorities first, then you will prosper. 

Lots of people say they want to start a business or buy a house for example but when you look at how they spend their money, you have the feeling they will never get there.  They are feasting continually, buying video games and unnecessary gadgets or eating out principally. This means they value those things more than their stated goals. If their goals were truly home ownership or starting a business, then that's where the money would go. Then they will prosper. Your financial plan should be about your values. What do you want out of life? That's your financial plan. 

It's critical to set goals so you know where you're going. If you want to buy a home for example, you need to know the exact cost equally know that you'll need at least 10% to 20% if not all of that amount for a down payment, so that figure should be your goal if you plan to buy a home. 

But whether your goal is starting a new business or just building up an emergency cushion, you have to know that number and save every month to reach it. If you don't have goals, you won't know where you're going, so you can't take the steps you need to get there. 

The most important thing about setting financial goals is having them in the first place. One of the best things to think about is that you want to be deliberate about your spending and saving. You don't want to do things randomly without thinking about them first. That's how we get into trouble.

Suze Orman emphasis “Don’t buy things unless you have the money to buy them. Don’t expand your business unless you have the money to do so. Realize people are the key to everything—money can’t do anything without people. Think about and understand what you’re doing and why—with your money.”