35/365: How to Escape Financial Chaos by Discovering Your Family's Vision

29/01/2025 9 min

Listen "35/365: How to Escape Financial Chaos by Discovering Your Family's Vision"

Episode Synopsis

Hey everyone, it's Joe Soto back with another episode of Wealth in the Fifth Dimension! Today I'm talking about something super important: having a vision for your money. It's like getting on a plane and the pilot has no idea where you're going – that's just asking for trouble, right?
Well, your finances are the same way. If you don't have a clear vision for your money, it's like flying blind. You might run into problems, like arguments with your family about spending or not having enough money when you need it.
A lot of people don't even think about this. They don't have a plan for their money, and they don't have a vision for their family either. But those two things are connected! If you don't know where you're going as a family, how can you know how your money can help you get there?
So, what's the solution? You need a vision that pulls you forward! It's about having goals and dreams for your family and figuring out how your money can help you achieve them.
For example, when my kids ask for something, instead of just saying "no," we ask them how they're going to earn the money to buy it. This gets them thinking creatively and teaches them about the value of money.
Now, I'll be honest, I don't have everything figured out perfectly. But I'm constantly working on it, and that's what matters. It's about having a plan and making adjustments along the way.
So, here's your homework:
* Do you have a written financial plan?
* Do you have a vision for your family?
Talk to your family about these things. Find out what's important to them and where they see your family in the future. Once you have a plan, you can start working towards your goals together.
Thanks for tuning in, everyone! Don't forget to follow and share the podcast, and leave me some comments or questions below. I'll keep making these episodes as long as they're helpful. Take care and have a blessed day!

More episodes of the podcast Wealth in the Fifth Dimension