“Whether you think you can or you think you can’t, you are right.”
~ Henry Ford
Are you a family steward? Or have you put off college planning, estate planning, etc.? It’s time to change gears and set a plan. Once a plan is in force, then regular upkeep and maintenance is required. Let us help you implement a plan that fits your individual and family needs for the future.
Your financial plan should involve the dreams, goals, resources, and responsibilities of the entire family. If you have a spouse, partner, or children, you may need to provide guidance as your family develops a financial plan. The success of any financial plan is dependent on the support, persistence, and dedication of all people involved. Without the participation of the entire household, you’ll face a continual uphill battle when it comes to your finances.
Your spouse, partner, or children can be a help or a hindrance. As a family, you will face many challenges along your financial journey. But if family members are truly on board, they will work to help find options and not create additional challenges for you.
How do you get your family on board with your financial goals? You must inspire them, just like a coach might. A coach needs the cooperation and coordination of each player on his team. In order to get teams to pull together, great coaches lead by example and command the utmost respect from each and every team member. Their team members strive to perform at their very best each and every game, not only for themselves, but also for their coach and their team. Great coaches inspire greatness.
So how can you inspire your family when it comes to your personal finances? Share your vision, in living color, with your family members – your team. When you present your vision, make sure that you include the vivid details of why a goal is important to you and your family, and what accomplishing this goal will enable you all to enjoy. Elaborate on the payoff for putting in the hard work, compromise, or sacrifices that may be required to manage these goals. The example shown here points out the objective and provides a few suggestions to help family members design creative approaches instead of just focusing on problems.