The Three Step Wealth Reset
- We reset ourselves throughout our lives, so it’s important to ask questions about what we want the outcome of our resets to look like.
- There are four freedoms that come together to form a three-step wealth reset process, and they are time, money, relationships and purpose.
- Discuss the answers to the three-step wealth process questions with someone else for a less emotional and outside viewpoint.
In a couple of days, we are going to experience what happens every four to eight years with a reset in Washington. With a change in political parties on the presidential side comes a reset throughout the government. Good or bad, it changes.
Likewise, in our own lives, we tend to reset ourselves at various points over our lifetime. There are different ways to look at how we reset ourselves, but I like to focus on four things, and these are freedoms that we have in our life. They’re about time, money, relationships and purpose. These four freedoms come together in a three-step wealth reset process.
- Purpose – This is a tough one, but the most important to deal with. Ask yourself these questions:
- Why do you get out of bed in the morning?
- What’s important to you?
- How can you do what you do and continue to stay motivated and looking into the future of how you want your life to unfold for you?
- Relationships – The bonds you form with others around you are important. As we go through life, we start relationships, others fade away, and new ones take their place. As you sit here today, think to yourself:
- Which relationships are going to fade away?
- What relationships are going in the same direction you’re going, that help you move along with your purpose?
- Time and Money – This is the real practical part of this process that ties in with the first two steps. The question to ask yourself here is:
- How are you going to spend your time and focus your money on areas to support your purpose with the relationships that you have in your life?
I challenge you to discuss your answers to these questions with your wealth advisor or any other advisor that can help you get clear about it, because it’s very difficult to do on your own. We get too emotionally bound to our own situation, so it’s good to have advice from someone looking from an outside viewpoint.
Using the three-step reset process and discussing your answers with someone else will help you make smart decisions as you move along with your wealth to help you reset throughout life.
Until next time, enjoy.
Learn more about TransformingWealth™ , our proprietary approach, designed to get your arms around the big picture so you can make informed financial decisions. Ask Gary about Coyle’s TransformingWealth Preview Meeting, and schedule a complimentary consultation and start living the Good Life Managed Well™.
Gary Klaben is in our Glenview, IL office and serves our clients who are now located all over the country. He has over 30 years of experience and is the author of Changing the Conversation, The Wealth Sanctuary and co-author of The Business Battlefield. Whether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.
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