Make a list of the top 10 things you want in life that you currently have not achieved. Then make a list of the 10 most expensive things you bought over the last month. How do they align? Could you have cut back on some of your most recent purchases to help achieve one of your top priorities?
Instant gratification is one of the most basic instincts in human nature. However, focusing on the here and now can often shortchange what we achieve long term. It’s a matter of examining our priorities. For example, is it more important to you to dine out at your favorite French restaurant several times a month, or to visit Paris one day?
For many, living the “good life” doesn’t mean having it all; it’s about embracing experiences. It’s interesting that this philosophy has been embraced by the millennial generation – but in a way, it makes sense. Many of these young people came of age during the Great Recession and saw the toll that economic uncertainty took on their parents.
Lessons like these can be difficult but meaningful. They help us streamline our priorities and focus on the most important things in life. This a good strategy to pursue throughout retirement. To see if you’re on track for a more fulfilling lifestyle, consider how well you’re achieving that list of top 10 things you want during your lifetime. We’d be happy to discuss your financial goals with you and work with you to create a financial strategy using a variety of investment and insurance products that is designed to help you meet those goals; just give us a call at (952) 460-3260.