The 5 Stages of Your Money Journey

Understand them and plan accordingly to build a strong financial future

Ken Green

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Our money journey is complex. Often times, it causes pain rather than joy.

It’s a shameful topic we don’t feel comfortable discussing.

It’s a leading cause of many marital breakdowns.

It impacts our mental and emotional health in many ways.

It can be painful.

So, how can we overcome all the money concerns we have in life?

Is it by having more money?

NO.

It is by intentionally living a life that empowers you to have total control over money.

It requires much more than money.

It requires knowing when you have ENOUGH!

It requires knowing what FULFILLS YOU!

To manage our money better, we need to understand the 5 key stages of our money journey:

1. Build a better money mindset

“If you live for having it all, what you have is never enough.” — Vicki Robin

Without a strong money mindset, you will continue to make mistakes.

Recognize that having more money is not the answer. The answer is knowing when you have enough.

Remember that 80% of our money problems come from bad money habits. Learn the few habits (20%) that will solve 80% of your money problems.

Be courageous and admit your current money problems by putting shame and blame to death.

2. Plan your money journey

“If you don’t know where you are going, you’ll end up someplace else.” — Yogi Berra

We must plan by recognizing where we currently stand and where we want to go.

Where we want to go must be supported by a strong “why”.

Once we know where we are and where we want to go, we can quantify the gap.

We then plan to close the gap by intentionally taking steps each day to shorten the gap.

3. Spend less

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Ken Green

Ken is a Chartered Professional Accountant practicing in Canada. He provides tax, personal, and business financial services. https://linktr.ee/KenGreenca