C H A P T E R P L A Y L I S T S O N G S :
“ D a y s L i k e T h i s ” b y V a n M o r r i s o n
“ W i l l t h e C i r c l e B e U n b r o k e n ” b y
N i t t y G r i t t y D i r t B a n d , J o h n n y C a s h ,
R i c k y S k a g g s a n d O t h e r s
Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
McGraw-Hill/Irwin

 LO 17-1 Assess your financial plan against your values, vision, and life goals.
 LO 17-2 Evaluate the sustainability of your financial plan, as it is the key to your plan’s success.
 LO 17-3 Recognize the importance of reevaluating your life goals and your progress on an annual basis.
17-2

17-3

Assess your financial plan against your values, vision, and life goals
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If you know your values, decisions are easy.
17-4

“Life is more than the money you have in the bank, the cars you drive and houses you own. When you come to your last days, your investment portfolio won’t matter nearly as much as the relationships into which you have invested your time.
Make your emergency plans, set aside your savings, put some of your money into investments but all the while be sure that you are putting as much time and energy into those precious relationships that surround you.
If your investments ever fail or emergencies deplete your savings, having strong bonds with friends and family will pull you through. These are the investments that really matter.” ~ America’s Cheapest Family
17-5

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Frugality is NOT deprivation and it is NOT about being cheap; frugality IS about NOT being wasteful
Focus on values-driven goals
Reassessments
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Monthly budget review
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Annual budget review
Reassessment of investments
Insurance reviews
Continual reassessment
17-6

 Money is only one of many resources that can be used to accomplish your goals
 Goals should be based on your values, vision, and mission
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Money does not bring happiness, but using money as a resource in alignment with your values, vision, and goals can increase happiness
90/10 or 80/10/10 – it’s up to you
Everything has an opportunity cost
 Personal finance is personal…It is all about YOU!
17-7

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Planning is futile unless you provide the action…now it is up to you to act
Don’t be afraid to ask for help along your path to financial success
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Refer back to this book for specific strategies
Share your successes and strategies with others to encourage their financial success
Use your life experiences to help others succeed
If you really want to learn something, teach it to others.
17-8

 Expect your goals to change as you and your circumstances change
 Constantly reevaluate, learn, and act on new information you gain
 Life your life to the fullest and use all of your resources wisely
17-9

 Final Play List Song: Circle Game by Joni
Mitchell
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The rung of a ladder was never meant to rest upon, but only to hold a man's foot long enough to enable him to put the other somewhat higher. ~ Thomas
Henry Huxley, an Address to the Students of the
Faculty of Medicine in University College, London,
May 18, 1870
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17-11