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As a financial planner, I’m always talking about long-term investing, long-term financial goals, and blocking out the short-term noise of financial markets. The reality is, it’s extremely improbable we know what we’ll want 10, 20, or 30 years from now.

I’ve noticed that it can sometimes be difficult for people to articulate their long-term goals. Especially for younger people who are mostly focused on advancing in their careers and trying to figure out what the next step in their personal AND financial life should be.

When someone comes to me and is unsure of what they want in the long-term, that’s perfectly FINE. Part of the planning process is designed to help you figure out how you want to use your money to create the life you want.

There’s no question that personal finance is PERSONAL. However, when someone comes to me with a blank slate there is a hierarchy for how I want to see them use their money.

My goal is to help put them in a position to have the ability to do the things they want to do in life, even if they’re unsure EXACTLY what that is right now.

From a technical standpoint, that means showing them how to invest in a strategic way that will provide the potential to achieve financial independence in the future.

By establishing good investing habits early, they’ll be equipped to withstand the inevitable uncertainty that comes with investing in financial markets. This only becomes more difficult as the dollar amounts rise, and especially once you’re dependent on that money.

More important than investing decisions is showing them how to use their money in the short-term (each tax year) to fill up their tax-deferred accounts to set them up for future flexibility.

If they’ve completed the steps I advise them on, particularly how to maximize their money in the short-term — I’m confident they’ll have the flexibility to do the things they want, whatever that ends up being.

Live for today, plan for tomorrow.

To learn more about our financial planning and investing philosophy, be sure to check out the DO MORE WITH YOUR MONEY podcast, available on Apple PodcastsSpotify, and YouTube.

Lastly, don’t forget to connect with me on Twitter:

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