Find Your “Primary Initiative” to Make Better Financial Decisions
Financial decisions and life decisions often go hand in hand. Are you buying a house or moving to another city? Are you starting your own business or continuing to work from 9 to 5? To make your money work for you in the best possible way, it is important to identify what financial planner Mindy Crairy calls your “flagship initiative.”
Crairi, a certified financial planner, says this is exactly what she advises her clients when they struggle to make important financial decisions: Find what you value most in life. It could be a family. It could be research, training, or your career. When you know your “main initiative,” Criry says, you narrow your focus and it is easier for you to understand if a solution is compatible with that initiative.
To figure this out on her own, she suggests asking a few questions. For instance:
What is causing you stress in your life? Chances are, you feel stressed about something that goes against your core value.
What is the most important thing in life for you? I’m talking about what you would do, want, or believe.
I tried her exercise, figured out my main initiative (independence), and it’s a great way to make decisions. I often make big money decisions. In the end, I usually tie them to what seems to be right, but actually knowing why it seems to be right makes the process much easier.
Her full post is definitely worth reading, so see for yourself by following the link below.
How One Concept Can Simplify ALL Your Money Decisions | Creative Money via Rockstar Finance