How to build a vision for your financial success.
What would financial success look like for you?
You may have a vision board with photos of items you would love to buy or experiences you aspire to but do you have a financial vision? Not just a financial goal you are working towards but a vision of what that would make possible for you?
A financial goal on it’s own can be difficult to achieve as it’s rarely the money that motivates you. It’s more what the money makes possible. When you have a financial goal and something you really want to do with that money, everything changes. You find it possible to stay focused and make all the daily choices that are required to achieve it, for example, not buying that new outfit, staying in over the week end, giving up your free time to earn more.
Financial Goal + Vision = Focus
So, how do you build a financial vision? In this blog we are going to show you how to create a powerful vision, the first component of the financial vision process.
Step one: The vision board
A vision is a picture of a desired future so the first step is to create a picture of yours. You will need:
2 or 3 inspiring magazines
A piece of cardboard about 60 x 70cm. This does not need to be fancy. Each year I create my new vision board from the side of a cardboard box. “Reduce, reuse, recycle” :)
Pair of scissors
A glue stick
Most vision board exercises begin with identifying what you want but really these are best guesses of what you think will create the feeling you are after. We are going to build your vision from the inside out, and use your board to capture the feeling.
Decide how far ahead your vision will be. It could be one year, three years, five years depending on what feels good and expansive for you. Sometimes one year doesn’t feel far enough so go for three or five max.
Ask yourself, how you would like to feel then? What is the feeling you are seeking to create?
Flick through the magazines and rip out anything that catches your eye. It could be a picture, a word, a colour. Try not to overthink this. You don’t have to understand it. Let your expanded self guide you.
Cut around the pages you have ripped out and arrange them on the cardboard
Once you are happy with it, take a photo to record where everything goes
Glue it all in place, remembering to leave a small space for expansion.
Step two : Building the vision
Take piece of paper and write Current Position on it and place it on the floor.
Take your Vision Board and put about 4 paces in front of your Current Position on the floor.....yes I really do mean on the floor:)
Stand on your Current Position. Take three deep breaths. Feel yourself grounded in this space. Relax your shoulders, Long tall spine. Drop into your hips. Feel your feet. Wriggle your toes. There is nothing wrong with this place. It is perfect.
In a moment going to take 4 steps onto vision. Imagine a set of stepping stones across a river to the other bank. Take a deep breath. Now. Step 1, 2, 3 and 4 and step onto vision board. Don’t worry if you have to take an extra step.....don’t wobble.
Standing on the board allow any thoughts to float away. You are not interested in any of these yet. You need to fill yourselves up with this new feeling first and the thoughts that come from that space.
Take three deep breaths in this place.
Now lets see what your vision looks like. A vision is multifaceted, it covers all areas of your life, your work, your home, your friends and your family.
Imagine you are standing on a pizza that has 6 slices. Each slice represents an aspect of your life.
Slice one is your home, where you live.
Slice two is your work.
Slice three is your family.
Slice four is your friendships and partnerships.
Slice five is you, your well-being and your style.
Slice six is your money.
Turn around on your vision board to look at each of those slices in turn. Take a moment to consider what you would like to create in each of those areas to match the feeling of your board. Spend as long as you like on each section building a picture of what your would like that area of your life to look like a year, three years or five years, depending on the time scale you have chosen for your board. Don’t rush and don’t leave any sections out.
When you have finished take another deep breath. How would you describe the feeling standing on your vision board?
Now take four steps back to your current position.
Then take a moment to complete the Vision Summary sheet and stick it to the back of your board.
So now you have a clear idea of what you would like to create over the next year, three years or five years in each area of your life.
But how do you take your vision to the next level? You need to combine it with a solid financial goal. Our Smart Money Management course will give you the tools to assess your current position and work out how much money you need to achieve your vision. It also gives you our money planner so you can plan and grow your money for a whole year.