DON’T JUST “GET AHEAD”

If we could have one wish for all our members, it would be to ensure you all build and maintain the foundations of your financial house.

Why?

Because by having a financial house with strong foundations you’re almost certain to “get ahead” financially regardless of what unforeseen events unfold. You would be great at managing your cashflow, have a stocked rainy day fund, a protection plan (just in case), and you’d be in control of your debt, not the other way around. Slowly but surely you’re all but certain to become a financial winner.

But don’t stop here as the best is yet to come!

With the foundations of your financial house sorted, what would you be getting ahead for? Have you considered why you are going to work every day, earning money, saving money and then spending that money? What are you getting ahead for? It might just surprise you that most people we ask this question of reply with a blank stare.  

Many members are doing great with their money, but quite often these financial winners are getting ahead without any road map or destinations in mind. Now with the Jones’ living next door to most of us (and down the street too), simply getting ahead can become a slippery slope to nowhere - where you unknowingly get side tracked trying to keep up with others.

If we do our job really well, we help you save your money so you don’t just invest it, you spend it! Now you won’t actually hear too many expert money nerds telling you this as it’s always about saving and investing, saving some more, then rinse and repeat. And you do this for a very long time.

But simply saving and investing for what feels like forever could be a big fail, and isn’t what being a financial winner is about. Yes, you need to ensure you have enough financial wealth so that when you stop work, this wealth can sustain your lifestyle, but that’s where it stops.

Remember this…

If you keep saving and investing, aka “getting ahead”, and you overshoot, you are missing out on spending your money living your best life right now! As we all know, life is uncertain, it can be short, so we need to live today, not just plan for tomorrow. 

Imagine you knew that you’re currently saving and investing enough so that you will have enough money to be financially free when you wish to stop work. What would you start spending your money on? Perhaps some of the exciting things you wish to one day do in the future could actually happen now!

So just for a minute, imagine what it might feel like to be satisfied with simply having enough. You’re getting ahead just enough for both today and tomorrow. How might this change what you do and how you spend your money.

So how do you work this out?

If you hit the Naked Wealth financial gym and work out in Module 2 of Wages to Wealth program, you’ll discover your net worth. Go a step further and we show you how to “guess” your financial freedom number. Once you have this financial freedom number as a placeholder and have an idea as to how you’re tracking towards it, you can gauge as to how much of your surplus money needs to continue going towards building future wealth, and how much can be spent on living life now.

We find that way too many members spend their day-to-day thinking consumed with the notion they’ll never have enough money. This isn’t healthy and with a little bit of working out in the financial gym, you can quickly get clarity.

What’s our point here? We want you to keep saving and investing, we want you to continue to get ahead financially, but only as much as you need to. 

The best financial winners are really good at balancing their money so they ensure there is enough wealth for when it’s needed later in life, whilst also spending a lot of money now on living a lot of life now.

As we hope you know, there is no one size fits all with getting ahead and financial freedom. All that matters is you and your needs and wants. Once you know that your financial future is under control, you’ll feel much more in control and empowered to live your most intentional life.

Please let us know if you need a little more help with this or any other areas of your financial house.

Cheers,

Dan and Dave