When we think of the word “visionary” as it applies to people, names like Thomas Edison or Henry Ford, might come to mind or in the more modern era perhaps Steve Jobs or Bill Gates. If each of us was asked if we see ourselves as visionary, most of us would probably say “no.” But if we limited the scope of being visionary to a specific topic such as financial independence – specifically your own financial independence, would you then be able to say “I am a visionary” or at least that you had a vision of what your own financial independence might look like? More of us would answer that question “yes,” but unfortunately many of us still could not.
Merely having a financial goal, doesn’t necessarily motivate us enough to make the necessary commitment to give us the best chance for success. We’ve all seen the commercial with the people carrying their “numbers” around under their arms and the question being asked is “do you know your number?” It’s a good question, but by itself it doesn’t go far enough. Coming up with a number is just math, but coming up with your number requires a vision of what that number represents to you personally.
Do you have a vision of yourself as a financially independent person? Have you really put much thought into what you will actually be doing – if you could do whatever you wanted to do? What will happen when no one needs you to take them to school, no one needs you to pick them up from ballet or ball practice, there’s no one expecting you to arrive at the office…What would you do? Are there hobbies you’d pursue? Would you spend most of your time visiting your children and their children and helping them? Do you see yourself on the porch of your vacation home? Do you see yourself working in some capacity for your favorite charitable interest? What exactly do you see yourself doing?
Truly thoughtful consideration of what you’d actually do if you had more time on your hands is a great way to begin to develop a personal vision for your own financial independence. Personalizing your vision is going to make it much easier to embrace the “money” part of your planning and will greatly enhance your chances of success in achieving it.
If it meant the difference between achieving your own financial independence – or not – could you become a “visionary?”