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Financial Planning - Free Association

Mar 04, 2008
Posted by: Cara Barnes

Mapping out a sound financial future is easier than you think!

First, set out some goals but allow yourself to do some free association.  Imagine that anything is possible.

Your goals can include:  "I want to send my children to college" or "I want to save money for a vacation" or "I need to plan my retirement".

You can expand these goals to be more specific:  "I want to send my son to Georgetown" or "I want to save money for my vacation in Provence" or "I need to plan my retirement which I envision as living in a house on Lake Geneva".  Notice the words "need and want" ... and notice how just being more specific really opens you up to possibility that you can create your own destiny.

Sometimes just getting past an "I need" goal which could be "I need to pay off my credit cards so I can begin to take regular vacations" can lead you to an "I want" goal.

In our next blog, we'll talk about actually setting the goals.

 

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