Today, Dustin and I are celebrating several amazing events that have taken place in our personal lives, including the launch of the Worth It Podcast! We do a high-level introduction of the 5 pillars of life planning, including vision, security, wellness, legacy, and systems. In upcoming episodes, we will dive deep into each pillar with more details and action steps.
Vision can be defined as mental exercises, or a new way to look at your life. Dustin says vision “sets the tone” for your life. Maslow’s Hierarchy of needs calls this “Self-actualization needs.” When you begin to realize your potential, you seek opportunities for personal growth and “peak” experiences.
Dustin is a CERTIFIED FINANCIAL PLANNER™, so he gets a lot of questions from clients about how to build security. We define security as needs that you have in order to support your family, lifestyle, etc. We polled potential listeners of the Worth It podcast to ask them what subjects they wanted more information on. The two subjects that were mentioned the most were insurance and savings. We will dive more into the security pillar in episode 4.
We break down wellness into three areas: body, mind and soul. Dustin and I have learned over the years that we function better when we are well-rested and follow a system of proper nutrition and exercise. Studies show that when it comes to practicing wellness, personal health is one of the most important elements. It is also one of the most overlooked. Wellness for the mind means refreshing it, learning new things and managing stress and distractions. We define soul wellness as the “underlying mission” that drives your life. What contributions are you making to the world? What causes are you supporting? These things all contribute to wellness.
Designing your life also means planning your legacy. Many people understand legacy as what they are trying to build but it also includes what happens to your wealth after you die. Dustin and I believe legacy planning is an important pillar. We will dive deeper into this subject in a later episode.
If you start by setting a goal, even if you are working towards that goal every day, it is easy to feel like a failure until you reach that goal. If you have a goal of saving $10,000, until you reach that goal, you will always be aware of the deficit. If, however, you set a system in place instead of a goal, every time you use that system, you can celebrate a win! Systems also help maintain momentum once you have reached a goal–instead of grinding to a halt.
What if you had a clear formula to help you figure out how much to save… while paying down debt and enjoying life? It is possible… when you know your numbers.
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