In a world filled with constant financial choices (a.k.a. “shiny objects”), promising opportunities to satisfy our desires, and very little programming for self-discipline, developing clarity of thinking has become more crucial than ever before.
So, let’s start with exploring why clarity is essential for financial wellbeing, how it shapes your financial decisions, and how to cultivate this empowering skill.
PART 1: Significance of Clarity around your Money
Clarity of thinking is the bedrock for building a solid foundation for your financial success.
It allows you to gain a crystal-clear vision of your financial goals and develop a realistic path to reach them.
Without clarity and common sense, you may stumble through life, struggle with living paycheck-to-paycheck, and worry about your financial future even though you make good money!
One of my beautiful and smart clients, let’s call her Sarah, struggled with living paycheck-to-paycheck and constant money worries for years.
She felt overwhelmed by snowballing debt that she and her husband accumulated after unfortunate circumstance, and was unable to make sound financial decisions, which led to jeopardizing her relationship and health (she develop several stress-related health conditions).
It wasn’t until Sarah took the time to gain clarity about her financial goals and priorities that she was able to turn her situation around.
With newfound clarity and sense of control over her money, she started mapping her money along different money buckets in alignment with her priorities and goals, diligently implementing this new intentional money management, and made informed investment decisions that propelled her towards desired financial security.
Part 2: Clarity influences your financial Decision-Making process!
When you have clear understanding of your financial goals, values, and priorities, you can make informed choices and decisions that are aligned with your long-term vision.
Clarity enables Empowerment.
Because it empowers you to cut through the shiny objects, the noise of market fluctuations and other external pressures, and enables you to make confident financial decisions.
If you are a high-income earner yet live paycheck-to-paycheck for years and are not seeking support to help you change this situation, you’re lacking clarity of thinking.
If you make good money and don’t have a strategic plan to become financially free, you’re lacking clarity of thinking.
And if you’re counting and saving every penny yet feel like life is about surviving… instead of looking for solutions to change your money mindset and your money experiences, you’re lacking clarity of thinking.
When I was experiencing my “dark night of the soul”, when I was divorced, deeply depressed and broke, I kept saying to myself “I am such a failure… I have great education, great experience, and great intentions and look at me now…”
I was lacking Clear thinking. I felt stuck in unsupportive unhealthy thinking and was focused on my challenges and problems, instead of solutions. This thinking pattern led to downward spiral that literally brought me to my knees.…
Fortunately, I was introduced to a coach, who helped me shift my thinking patterns and return to clear thinking.
And THAT made all the difference for me. I became financially independent within 7 years!
Sometimes we all need a little help and it’s ok… because it’s the outcome that matters. Right?
Part 3: Cultivating Clarity of Thinking for Financial Success
Let me be frank…
Cultivating clarity of thinking in the realm of finance is a journey or a marathon, not a sprint, and it requires deliberate effort and self-reflection.
Let’s explore practical steps to develop and nurture this invaluable skill that is essential for financial success.
Step 1: Define Your Financial Goals.
Take time to define your short-term and long-term financial goals. Be specific, measurable, and realistic.
Clarify what financial success means to you personally, describe it by writing about it into your journal and get excited about your vision.
Remember, Clarity enables empowerment.
Step 2: Identify Your Values and Priorities.
Reflect on your values and what truly matters to you.
Align your financial decisions with your core values to create a meaningful and fulfilling financial path.
Getting clarity about your values and priorities will save you time, headaches and regrets!
Step 3: Educate Yourself.
Gain knowledge and understanding about personal finance.
Learn about intentional money management, strategic investing, investment risk management strategies, and wealth-building principles.
Clarity is often born from a solid foundation of knowledge.
Step 4: Create a Path to Financial Independence.
Develop a detailed financial plan that encompasses your goals, your money mapping, your FFN (Financial Freedom Number) and your FFI (Financial Freedom Income), and investment strategies.
A well-defined plan provides a path towards financial success and freedom.
Step 5: Regularly Review and Adjust your plan.
Have monthly “Money Dates”! J
Review your financial progress and make necessary adjustments.
Clarity evolves over time.
Staying proactive allows you to align your choices and financial decisions with your changing goals and priorities.
Here’s the bottom-line:
Developing Clarity of Thinking in matters of finance is not just a luxury – it is the key skill to unleashing your financial success.
By gaining Clarity about your Financial Goals, Values, and Priorities, you can make informed choices and aligned decisions, build a solid financial foundation, and create a future of financial security and abundance.
Embrace the power of Clarity and you’ll notice the difference in your decision making and bank account.
To your Clear Thinking, Health, Wealth and Freedom!🙏💖