When we get in a car and activate the GPS, we assume it knows where we are and will get us where we want to go. Yet from experience, we know we can’t always rely on it to be accurate. In order to make good decisions before going anywhere, we first need to know where we are and where we want to go. The same principle applies when making good financial decisions, we need to break the GPS mentality and start thinking for ourselves instead of staying on financial autopilot.
You may believe that your investment adviser and your accountant use some kind of financial GPS to get you where you want to go. And that is what you are paying them for. Even if they have mapped out a plan, YOU are ultimately the driver of your fiscal vehicle. I have several clients who, in the face of grave consequences, have driven right off a money cliff despite having been informed of its presence. Know where you are, be aware, and know what your destination is. Just as there may be road closures or challenging traffic on the interstate, you need to be flexible and make monetary changes when dealing with “financial roadblocks.” Recalculate your GPS and continue to move forward to achieve important long-term goals.
Have you have become unconscious? Open your eyes, examine new options and work your way out of that dream state. Make conscious choices in your
financial travels and stay aware of your surroundings. Begin today! Approach financial decisions with a proactive, intentional course of action, rather than letting emotional reactions drive your life! You will enjoy the journey so much more and reach your life goals!