Especially, in America, financial success is emphasized as the “ultimate goal.” However, prioritizing one’s standard of living (values, lifestyle, and family) has become a prominent American ideal, especially after the pandemic.
Financial advisor and New York Times Bestselling author, Suze Orman stresses the importance of prioritizing of people and experiences over material possessions.
In her talk show, she famously states that in order to be successful, you must prioritize “people first, then money, then things.” This underlies that true wealth lies in meaningful connections and purposeful living.
4 Questions To Get The Ball Rolling
i) What Is Most Important To You?
Take some time to reflect on what’s most important to you in life. What are your guiding principles? What do you want to achieve with your money?
ii) Which Expenses Do Not Align With Your Values?
Once you know your values, track your spending for a month to see where your money is actually going. Are there areas where your spending is unnecessary or irrelevant towards your goals?
iii) What Do I Want To Get Out Of This?
Create financial goals that support your values. For example, if you value sustainability, you might set a goal to invest in green energy companies.
iv) How Will I Achieve This?
Once you’ve identified areas where your finances and values are misaligned, start making changes. This might involve cutting back on unnecessary spending or investing in socially responsible companies.
Outcomes
i) Increased Motivation
When your financial goals are aligned with your values, you’ll genuinely be more motivated to achieve them. You’ll see your money as a tool to live the life you desire, not just a means to an end.
ii) Reduced Stress
Making financial decisions that align with your values can ease stress and anxiety. You’ll know you’re using your money in a way that feels good and makes a difference to you.
iii) Greater Sense Of Purpose
According to a study by Apollo Technical, only about 65% of people are satisfied with their jobs, while only 20% of those people are actually pursuing their passion. When you are working towards something you are passionate about, money will naturally come secondary.
Questions, Comments, Concerns?
Do you think that money can buy happiness?
To what extent do you think that it can?
Let’s discuss below, and I hope that these financial tips will motivate you!
