“Anybody can become wealthy asset allocation is how you stay wealthy.”Īsset allocation is the most important investment decision of your lifetime, more important than any single investment you’ll make in stocks, bonds, real estate, or anything else. By the time you’re done adding them up, you’ll be surprised at how much less money you need to fuel your dream lifestyle actually is, and your certainty of achieving it will be boosted! Then list all the things and experiences you’d like to do and see how much they would actually cost. To figure out what level of financial dream you’re ready to achieve, ask yourself what your lifestyle would look like if you had that amount of money - your magic number. For others, financial vitality would be a blessing, and independence would put them over the moon. Each of them grows in size incrementally, and the numbers required to reach them differ.įor some people, financial security alone is already life-changing and gives them enormous freedom. These levels are: financial security, financial vitality, financial independence, financial freedom, and absolute financial freedom. There are only levels of financial dreams that will set you free, and this starts with understanding what you truly need. Interestingly, there’s no one magic number for financial freedom. Without it, we default to either doing nothing or procrastinating. Certainty is the first human need that influences our behaviors and actions. And you’re probably intimidated by that number because you lack the certainty that you can achieve it. Like most people, you probably have a “magic number” in your head - an amount of money representing financial freedom to you. “If you get down to the facts, an extraordinary lifestyle probably costs less than you think it does.”
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