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Money For Life

Image representing the 'Money for Life' one pagerThe main money challenge in life is to make our money last as long as we do, or longer! And without giving up enjoyment along the way! That's a tall order, but it's not impossible to achieve. It all starts with awareness.

 


Lesson number one is, “money is for life, not just for now!”

This means that we must see money as a resource to be earned, managed, spent, and grown!


Choices, Decisions, and Events

The life choices and decisions we make have an enormous impact on financial security throughout the life span. Unplanned life events also have a major impact on financial security


Steps to Wi$ing Up - Step 1.1. Think about the Future

You benefit greatly when time is on your side, so setting serious financial goals and being able to act on them at a young age will put you ahead in the long run.


Steps to Wi$ing Up - Step 1.2. Lifelines and Life Stages

Label your Lifeline. Write down the year of your birth, life expectancy, age today, the year you plan to change your job, pay off your student loan, buy a car, marry, etc.


Steps to Wi$ing Up - Step 1.3. Straighten Up Your Files and Records

The main money challenge in life is to make our money last as long as we do, or longer! And without giving up enjoyment along the way!

The life choices and decision we make have an enormous impact on financial security throughout the life span.

You benefit greatly when time is on your side, so setting serious financial goals and being able to act on them at a young age will put you ahead in the long run.

Label your Lifeline. Write down the year of your birth, life expectancy, age today, the year you plan to change your job, pay off your student load, buy a car, marry, etc.

The information you compile is vital to your future! When you start your working and earning life and become independent, you need to start keeping records related to your financial life.

The Action Plan is a critical exercise that will help you turn the lessons learned into action steps :
My Action Plan for Money for Life is to review and update my financial plan periodically as stages in my life dictate.