Most people spend at least 8 hours per day or 33.3% of their day earning a living, a third of a life. Many people spend more than that. Some of them have little or no vision for what they’re trying to accomplish with that 8 hours of effort every day. Many are just putting in time.
Financial success, like any success, is not an accident. It does not come free of vision, planning and effort. Generally, it is not served up on a silver platter for free. Perhaps the first step for establishing success in any endeavor is to develop a vision.
Before developing your vision, it may be worthwhile to ask yourself a few questions. Who is most responsible for your financial destiny? Is it your parents? Is it your government? Is it the taxpayer? Is it your church? Or is it you? Do you have any power in choosing between bankruptcy, financial mediocrity, poverty, or wealth and financial security? Or are you a child who must be cared for by others? Have you no power or agency to act for yourself or are you fully dependent on what others will do for you or what you can beg or coerce from them?
What is your vision for your financial future? Are you content to achieve little? Or do you have visions of more? Have you the power to choose? Or are you powerless?
Why is a financial vision important? What does a vision of your financial destiny lead to? What does lack of financial vision lead to? If you can visualize what you want to achieve and have done so, you have begun the journey towards accomplishing that vision. If you can not visualize what you want, how will you ever have it? Whatever the mind of man can conceive and believe it can achieve with the help of God. (My version of a quote from Napoleon Hill–I added the “with the help of God” part.)
How do you develop a financial vision? It may start with considering what kind of economic life you want to experience and what you want for your family. The more detail you can dream in and the better you can capture those dreams and that vision on paper, the more likely you are to achieve it. Vision begets goals, goals beget plans, plans beget actions and actions beget success and achievement. Start dreaming and recording your financial dreams today. Then start breaking those dreams down into achievable goals.
One of my dreams was to visit 100 countries and all 50 of the United States in my life. So far I’ve been able to visit 37 countries and 49 states (I haven’t been to Maine yet). Next year I expect to visit five more countries. Little by little I’ll accomplish that dream. Had I never dreamed the dream I would never have set the goals. Had I never set the goals I would never have made the plans or carried out the actions required to achieve the goals. I haven’t fulfilled the dream 100% yet, but I’ll soon be 42% of the way towards 100 countries. In time I’ll fulfill the dream by my own actions and efforts. Even if I died tomorrow, I would have fulfilled more of my travel dream than if I had never dreamed at all. It pays to dream and envision. It pays more to dream big.
Part of your financial vision might be to pay off your debt, to have a large or at least an adequate income, to be financially educated, to have a college education, to own a lovely home and garden, to provide for a dignified retirement, to provide for children, or to travel. Perhaps part of your dream is to be prepared for emergencies, or to be able to live independent of others, to have a large savings account, to have some precious metals, to provide an education for your children and grand children, or to be able to give to others, to your church or to specific charities and causes, or a hundred other things of importance to you. What is your vision for your future? What are you doing to achieve it? Is it worth planning and working towards?
Proverbs 29:18 tells us: “Where there is no vision the people perish.” If you haven’t already, take some time to develop your financial vision. If you have developed a vision, it might be time to review it and update it. Let that vision inform your goals, your plans, your work and your efforts. Make something good happen with the time you have. Dream big; it will motivate you and energize you. You’ll accomplish more as you dream bigger. Don’t end your life having never dared to dream big. Stretch yourself. No regrets.
Investing in stocks and precious metals is risky and could result in losing money. I am offering ideas for your consideration and education. I am not offering financial advice. Please do your own due diligence. I am not an investment adviser. Precious metals is not for everyone. I promote precious metals as an affiliate of American Gold Reserve. You should do your own due diligence when making investment decisions of any kind. You should consult your own financial advisers before making any investment decision. I make no guarantees that by following any advice or suggestion I might make that you will realize any return. Beware, all commodity markets and other markets carry risk of loss.