Amidst life’s obligations, how can you figure out what you really want? Imagine you just received $5 million dollars, that’s how!
It can be difficult to know what we really want when we’re so busy trying to meet the expectations our culture has placed on us.
So how do you take back your power and decide what your best financial life is?
A fictional scenario can help clarify your true goals and values. It gives you permission to dream big.
So — imagine you just inherited $5 million dollars. What would you do?
Get as specific as you can:
It’s easier to figure out what’s really important to you when you imagine having fewer obligations.
Once you know what you’d do if you weren’t so concerned about money, ask yourself how you can make that knowledge part of your real life.
Figuring out how to find the time and the money to do the things you love — either right now or 5 years from now — is something you can talk to your Fruitful Financial Guide about.
Financial success isn’t just about being a tightwad and not spending on anything. It’s about intentionality, which is spending on the right things.
You have options when deciding what to do with a 401(k) from a former employer. You can do a rollover into a new employer’s plan, convert to a Roth IRA, or cash out (but don’t cash out if you can avoid it).