OK, so play along, you are on a small charter flight and the pilot has a heart attack.
If you were taking over from your pilot in mid-air, you would have three major hurdles to overcome.
- What does each of the gauges measure?
- What is it currently telling you?
- What SHOULD it be telling you?
Most of us can imagine just how scary it would be if you found yourself in this situation but… did you know that when you log into your online banking you are faced with a similar problem even though you may not realise it, and that is the reason why so many people crash their finances almost every week!
There you are, staring at the control panel! Your finances are in flight and you have to take control, gain altitude, avoid crashes and get you and your passengers safely to your destination.
All your accounts are on display. The current balances are in view! You know what each account is for (I hope), BUT what are the readouts actually telling you? What should each readout be telling you?
Are you flying too low? Are you heading for a mountain of debt but can’t see it yet? Are you going to crash?
Without knowing what each of your gauges SHOULD be reading, looking at them and seeing what they ARE reading is not much help! You’re as good as flying blind!
The simplest thing that will make the most amazing difference to your financial journey is to find out what your gauges should be reading right now and every step along the way so you can get to where you want to go!
No matter how high you are flying right now if you have no way of knowing how high you SHOULD be flying you are NOT in control!
In our aircraft scenario, with no pilot, the smartest thing you can do is pick up the radio handset and call for help. You need someone who can tell you what those gauges and controls are for, what they should be reading and what you should be doing with them.
In your personal financial scenario, the same applies!
The most powerful thing you can do to change course, end money stress and take control is to get hold of the radio handset and get someone from the control tower to help you find out what your instruments are telling you and what they SHOULD be telling you.
You want them to help you prepare a flight plan and to monitor your progress throughout the journey and guide you back on track if you drift off course, making sure you get safely to your destination!
We are passionate people who know how to help you make sense of your control panel and to put a flight plan in place that has checkpoints along the way so you always know what your readouts should be showing and whether you are on course or not!
If there is somewhere you really want to go… if you know in your heart that it is time to send out that mayday call and get help… if you are tired of flying blind not knowing where you are going financially and you’ve had way too many near misses while flying around in circles just going nowhere, put out a call right now email email@example.com.
Content by Spending Planners Institute Founder David Wright