Stability

Financial stability, or the ability to meet the needs of ourselves and our loved ones, is always at the core of our goals. Sure, we may want the big house, expensive car and VIP tickets to all of our favorite events, but we would not consider having any of these if our basic needs were not met first. Most basic needs are the same for everyone - food and water, shelter, clothes. However, we all get into a bit of a gray area when determining what is a need and what is a want as we begin fulfilling those needs. How much do you spend on food? What size of a house is really necessary? How new should your wardrobe be? The answers to these questions are different for us all. But the answers are incredibly significant. Your state of mind factors heavily into your financial stability. If you are uncomfortable about what your basic needs are, finding financial stability becomes very difficult. This is why keeping a clear definition of what your needs are is very important.

Once you have stability defined, you have to find a way to achieve it. Many of us meet roadblocks on the way to achieving our financial stability. For some, it is mounting credit card debt they cannot manage. For others, it is a bad investment they cannot get out from under. For many, it is student loan debt that has put them in a position where it seems impossible to succeed. The good news is stability is always possible. It just takes knowledge, creativity, a good work ethic and patience. A good work ethic and patience are all up to you. A quality adviser can help give you the knowledge and creativity to set up the plan you need to succeed, and to help you evaluate and adjust your plan as you go. The best decisions are those with 100% support. Your adviser will help you make sure you have a plan you can support 100%.

Through good times and bad, financial stability is always at the core of our goals. It should, therefore, be something we plan with a much bigger emphasis. If you have not thought about this in the past few months, it is time to think about it now.