What's your priority in life?

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)

Life is all about prioritizing.... Professional compulsions, family compulsions, societal compulsions, personal priorities dominate our lives. 

First things first in life......

Do check out a simple 5 step process to identify your personal priorities which will help you identity your priorities and thereafter the goals for attaining them.......

Here is a scenario presented to you..... Five different things are happening to you in your life @ the same time... Now prepare your list based on your priorities.....

1. You are faced with a changes in your career:

It's something which everyone goes through. We constantly evaluate the options and at times they have to be decided in a shorter time. Question is, what's the priority of this in the list?

2. Your best friend needs your support financially and morally: 

Friends become integral part of life and they don't often come to us seeking support. But what happens if they seek your financial support when you are addressing few other personal priorities?

3. Your kid's future requires immediate attention:

Kids are the future. So their future has to be secured financially. What happens when their needs have to be addressed?

4. Your personal future requires immediate attention:

YOU need YOU... @ all times.... Your personal future can be of your retirement, your dreams etc....

5. Your family requires immediate financial and emotional attention:

We are because of our family... So where do figure in the list?

 

This is a powerful test to determine your broad priorities in life, which can help you to identify goals and objectives and accordingly make a financial plan. The challenging aspect of this check list is that, some of them are non negotiable in nature. For eg., your child's future, your personal future, family etc...


Now make a list of priorities:

1. _____________________


2. _____________________


3. _____________________


4. _____________________


5. _____________________

(The author is a financial planning coach. Founder and CEO of Money Avenues, a Wealth Management firm based in Chennai. Mail at:  finplancoach@gmail.com)