Throughout 2015, I have had the opportunity to share my financial planning tips that span everything from setting financial New Year’s resolutions to achieving fiscal fitness.
However, it is not always easy to implement these tips—it often takes hard work and discipline to achieve financial freedom.
If you have reached your financial goals so far this year—whether it is paying down your debt or maxing out your 401(k) contributions—it is perfectly acceptable to take a moment to be proud of your accomplishments.
Why? Because most individuals only focus on what they have not achieved financially, and do not take the time to congratulate themselves when milestones are reached along the way.
But, if you take pride in your efforts, all signs point to the fact that you are more likely to continue on the same path. This cycle can serve as a positive self-fulfilling prophecy, improving your confidence and providing you with even more control over your long-term financial destiny.
According to a recent study by the Certified Financial Planner Board of Standards, Inc. (CFP Board), a large portion of Americans reported that having a financial plan helps reduce stress, and younger respondents feel more confident when they are in control of their finances.
This confidence and pride comes down to knowing that you will be financially secure in the future. Of course, this requires a roadmap that outlines the necessary actions for achieving your long-term goals.
When you reach a certain level of financial pride, you also realize that, while money is the foundation for being comfortable, it is really more about freedom and enjoying a lifestyle that fits both your “wants” and “needs.”
Strong financial confidence can also positively impact other aspects of your life, including your work performance and personal relationships. You will be able to cope better with life’s challenges, feel good about other people’s accomplishments, and be more at ease overall.
So go ahead and feel good. It is perfectly okay. Financial confidence is the positive side effect of working hard to be on a path towards financial freedom. Keep taking the right financial steps and enjoy the ride as you go—and gain more control of your destiny.
Of course, if you are not feeling good about your financial situation, it is never too late to take the steps to turn things around.
Gay Life July 2015