Disciplines for Financial Health

by equity design

Most of us, when pressed to really talk about our personal finances, must admit that there are some things we wish were different, some ways we feel a bit financially-schizophrenic.  It is normal.  And it is a sign of health when we can admit these internal tensions. When a financial tune-up is called for, be it minor tweaking or major overhaul, we will spend significant time in “discovery”.  This is the coaching-phase where we get into the “five pillars”, personal values, framing stories, family history and belief systems.  The goal is to understand the landscape of each client’s financial life. Based on those unique discoveries, we will establish some short-term goals which will also exist as long-term habits.  These habits are unique to each client but there are some common themes.  These goals-to-habits will exist in each of the following three categories:
  • Relational Structures to insure externalizing of the financial process and long-term accountability.  These structures include spouses, other family members and trusted friends.
  • Spending Controls to provide specific and measurable principles to help curb expenditures that are not congruent with each client’s core values.
  • Financial Benchmarks to provide short-term successes, life rhythms and debt controls.
These simple and individualized disciplines help lay the foundation for long-term financial contentment and confidence.

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You’re currently reading “Disciplines for Financial Health,” an entry on Equity Design.

Author:
equity design
Published:
9am on 03/24/09
Category:
Coaching, Financial Health, Planning

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