Episode Overview
In this episode, I explore the art of quarterly financial planning as we approach the start of a new quarter in 2025. Whether you've never created a financial plan before, have ambitious money goals gathering dust, or have had to pivot due to unexpected circumstances, this episode offers practical guidance on creating a financial roadmap that actually works.
Key Highlights
Why Most Financial Plans Fail
- Living by default rather than design - executing other people's priorities
- Spending too much time responding to others' needs versus pursuing personal financial goals
- Getting caught in the "urgency trap" and constantly firefighting
- True financial wealth is created when focusing on important but non-urgent tasks
The Eisenhower Time Matrix for Financial Planning
- Four quadrants based on urgency and importance
- Most people spend their days trapped in urgent quadrants (important and unimportant)
- Financial growth happens in the "important but not urgent" quadrant, including:
- Regular review of spending patterns
- Learning about investing
- Building strategic relationships
- Developing new income streams or offers
- The value of regular money dates: 20 minutes a week on one financial area
Making Financial Goals Motivating
- Don't just set empty money targets (e.g., "make £10,000")
- Connect financial goals to deeper meaning and purpose
- Ask: "What will this allow me to experience? How will my life change?"
- Identify the feeling you're seeking: security, freedom, peace, expansion
- Research shows we're more motivated by purpose than numbers
The Danger of Over-Planning
- Setting too many financial goals leads to overwhelm and failure
- The fear of spaciousness: filling calendars because emptiness feels unsafe
- Follow the "one-three-five" rule:
- One major financial goal
- Three supporting goals
- Five routine habits to maintain progress
- Quality over quantity applies to financial goals
- Over-planning often stems from scarcity thinking
Planning According to Seasons
- Different quarters require different approaches to financial planning
- Aligning financial activities with natural energy cycles:
- Spring: Planting new seeds, starting projects, learning money skills
- Summer: Execution and expansion (with family ti
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