What’s More Important In Life Than Money?
The following is an expert from the book:
Values-Based Financial Planning™
The Art of Creating an Inspiring Financial Strategy.
- by Bill Bachrach
There are 168 hours in every week, the way you spend your time directly affects your quality of life. The exercise you’re about to do is designed to focus you on what’s most important in your life, and help you further discern what activities will contribute the most to your quality of life. “The Quality of Life Enhancer™ Worksheet” is based on two principles:
- The more you can align your behavior with your core values (what’s most important to you), the happier, more satisfied, and fulfilled you’ll be; and
- The more you delegate what’s less important, the more time you have for what’s more important.
These principles follow two basic facts of life:
- There are only 168 hours in a week, no matter your age, how much money you make, what you’ve invested, how attractive you are, or how much information you can access on the Internet. No Exemptions. Your quality of life is a function of how you choose to spend that time.
- Some things cannot be delegated, and some things can. Question: Is delegation a privilege reserved for the elite? Answer: Hardly! Did you or your friends ever receive an allowance for doing chores around the house? That’s “parental delegation.” I learned the power of delegation from my parents, who were not wealthy or elite. Did you notice your dad never paid you to go fishing or to play golf for him? Everyone can learn to delegate to one degree or another. Read more
The Dangers of Financial Pornography
“It titillates and excites but gives no lasting pleasure…”
Every time I venture past the news stand at the grocery store, I can’t help but notice financial magazines which sport articles such as titles as these. Who hasn’t been bombarded by flyers, either in the mail or newspaper, luring us to a financial workshop coming to our area? You know the kind, a flyer that contains some really scary phrases such as:
- “What if Everything You Knew About Living Trust is Dead Wrong?”
- “Educational Safe Money Workshop”
- “Safe Solutions for Uncertain Times”
- Or my personal favorite: “Bulletproof Your Finances.”
No matter what form it’s in, this is known as “Financial Pornography”. So what is Financial Pornography and why should we avoid it like the plague? Read more
