AVID Planning

The value of your legacy is not only measured in money

While the numbers and quantitative parts of your financial plan are important, they are not the only thing

Your financial plan should have your personal values, goals, and preferences at the center, and should include more thought than just "numbers go up"

Creating a personal financial plan that includes a clear vision of where you want to be is fun and exciting

But you can't forget that in order for the plan to work, you have to go out and execute it

If you are having trouble with this, try breaking things down into smaller steps. Small consistent steps are better than giant steps never taken.

An ambitious personal financial plan to live your life at a "10" will inevitably run into roadblocks.

Embrace them as part of the process and a sign you are pushing yourself.

What legacy do you want to leave behind?

Many people associate the idea of a legacy with leaving behind money or assets, but it can be so much more than that. Your legacy can encompass your personal values, experiences, and even charitable contributions.

When creating a financial plan that leaves a legacy, it’s important to consider not only how much money you want to leave behind, but also what you hope that money can achieve.

Do you want to support a cause that you're passionate about, like education or animal rights? Do you want to provide for your family after you're gone?

But leaving a legacy doesn't have to be something that only happens after you're gone.

You can start building your legacy now by living out your values, creating memorable experiences with loved ones that they can cherish even after you're gone, and giving back to your community through volunteer work or philanthropic efforts.

So what does leaving a legacy mean to you?

Take some time to reflect on this question and consider the ways you can start building your legacy today. By planning for the future and living your values in the present, you can create a meaningful and lasting impact that will extend far beyond your lifetime.

Have you ever stopped to think about how you want to be remembered?

It's a question that we all inevitably face at some point in our lives. We all want to leave a positive impact on those around us, and be remembered for something meaningful.

Are you currently using your time and money to work towards that goal?

Are your efforts bringing you closer to leaving a lasting positive impact on those around you, or taking you further away?

When thinking about your financial plan and leaving a legacy, you can't forget about the intangibles.

Leaving as much money as possible is not the primary goal for most people. If it is, you end up sacrificing the the important things you can't measure for numbers on a screen.

Put some purpose into your financial plan and get more meaningful results

Do you tend to be more of a numbers person or a deep thinker?

When it comes to your financial plan and the legacy you want to leave, it's important to incorporate both.

You'll get better results this way than by solely focusing on one approach.

It's also crucial to remember that your partner or spouse may have a different mindset than you. That's why it's wise to involve them in creating your plan to ensure it's well-rounded and complete.

We all have our strengths and weaknesses, but when it comes to finances, a balanced approach is key.

Next time you're thinking about your financial future, be sure to blend your analytical side with your contemplative side.

When creating a financial plan for yourself, it's important to consider not only your own money scripts but also those of your partner.

Just like people have different love languages, each person has unique beliefs about money that should be taken into account.