One of my favourite clients is a Mountaineer, and has successfully climbed to the summit of some of the highest mountains in the world – including Mount Everest.
Striving towards Financial Freedom is in many ways like planning to climb a high mountain. Nothing happens until a Decision is first made to do it.
It’s important to have a Vision of how high you want to go & Why. Are you aiming for the Summit? Or is half way up good enough?
Next you need to have a clear understanding of where you are starting from and how ready you are both physically & mentally for the journey ahead.
Finally, its crucial to have a Map and a GPS.
With each of The 3 Pillars of Financial Freedom there are also 3 steps. In this video we’ll explore the 3 key steps of Pillar #1 – The Planning Pillar.
These are the 3 key steps that are crucial for you to have in place, before starting (or continuing) your wealth building journey.
Matthew Morrison is the Director of Wealth Advisory at The Practice, a Personal Wealth Advisory & Business Advisory firm based in Melbourne & Sydney. Matt along with The Practice team are committed to and passionate about developing & implementing wealth creation strategies for clients to enable them to Fuel their Family’s Future (while protecting them along the journey).
Matt and The Practice team can be contacted via https://thepractice.com.au or (03) 8888 4000.
Disclaimer – the above views and ideas are general advice only and are purely the opinions of the author. It’s important that you seek professional advice tailored to your needs before taking action regarding your financial future. (Also, unfortunately we can’t guarantee the top quality content in this blog will secure you a prosperous future if you ‘try this at home’, or trust any old backyard financial adviser to help you & your family with what is one of the most important decisions you’ll ever make…who to partner with on your quest to build wealth & create future Financial Freedom).