What Is Your True Purpose For Money?

There have been studies done that show that at some point having more money does not equate to more happiness. For some the dollar amount is higher than others, but at some point just having more money will not pay off in having more happiness.

Intellectually, we can grasp this. Even if we think having an annual income in the millions of dollars may finally be enough. But there has to be more to it than just more cash in the bank.

Unless you’re Scrooge, just having more money for the sake of having more money just isn’t enough. In my experience, most people have a deeper need than money.

For some, it is how they express love. For others, it is about leaving a legacy behind. For still others, it is to give generously. Some want to provide the needs of their family and perhaps beyond to foreign lands and causes.

Whatever the intent, there has to be something that is worth more to you than money. Otherwise, why are you doing what you are doing with your investments?

It is important to discover your true purpose for your money. Maybe you want to buy a yacht, but why do you want a yacht? To create memories with your family on holiday weekends? To set off on an adventure at sea? The money is just the means to accomplishing your true, deeper purpose in life.

Why is this so important to know? This is supposed to be a blog about coaching investors. It is. And part of my job as a coach is to help people discover their true purpose for their money.

Why? Because it marrys together their money with their deepest longing on this earth. You could even say that it helps them identify why they are here and what their mission is. This in turn helps lead them to have a more fulfilled life.

This also helps them understand how to best invest their money. They can articulate the purpose of the money, and therefore the risk tolerance. It can also help them realize what other planning steps may be needed for their hopes and dreams to become reality.

When you have a clear purpose in life and discover your true purpose for money, you can become laser-focused on what you are doing and why. It makes decision-making easier.

Have you discovered your true purpose for money? If not, I can help you discover it.

If so, are your current actions with regards to your money in line with your purpose? If not, I can help get you on track.

You can reach out to me through this website. You can also come to my next workshop.

I would love to help you discover your true purpose for your money and then align your actions to that purpose.