Your financial journey … Where are you? Where are you going?

Many people struggle with trying to develop a perspective on their finances. As a result, they only see money coming in and money going out. However, they miss the connections money has to what they are really trying to do with their lives.

This is no fault of their own. Who’s going to teach them when it seems everyone has this struggle? There is a lot of talk about financial education in our schools to try to help the next generations understand what our generation has learned is a big problem.

Many of my clients remember the late 1990’s and early 2000’s when I taught a 4-session over 4-weeks class that helped people better understand how financial planning topics relate to their life. “Wealth Odyssey” is a compilation of the topics in that class.

Wealth Odyssey uses the metaphor of a journey – or odyssey – to describe getting from where you are financially, to where you are trying to get to financially. The Road Map shows how risk management (insurance is that tool for risks you want to transfer), estate planning, retirement planning, your debt, savings, investments and budgets all relate to one another graphically. I introduce the concept of planning around your own unique Standard of Individual Living (SOIL) that ties all these financial planning topics together.

As with any odyssey, this is written to be timeless … events do not change the fundamental perspective of how money relates to you and where you are trying to go with it.

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One Response to Your financial journey … Where are you? Where are you going?

  1. Larry Frank, Sr. August 2, 2012 at 12:02 pm #

    Wealth Odyssey is also listed on the National Association of Personal Financial Advisors (NAPFA) member authors webpage

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