2766: Financial Mission Statement: Why and How to Create One by Vicki Cook and Amy Blacklock of Women Who Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 19 June 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2766: Vicki Cook and Amy Blacklock explain how a financial mission statement can help you stay focused on your financial goals despite life's distractions. By outlining your financial aspirations and the steps to achieve them, a mission statement keeps you motivated and aligned with your values. Read along with the original article(s) here: https://womenwhomoney.com/financial-mission-statement-why-how-to-create/ Quotes to ponder: "A personal mission statement for your money goals will serve as a constant reminder of what you want to accomplish and why it's important to you." "Your FMS should be easy to read, memorable, and motivating." "Remember, your statement should be motivational. You'll want everyone in your household to remain focused on the financial tasks at hand." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2766. Financial Mission Statement.
0:06.8	Why and How to Create One by Vicky Cook and Amy Blacklock of Women Who Money.com, and I'm your host and personal finance enthusiast,
0:16.0	Diana Merriam.
0:17.7	Now let's get right to it and continue optimizing your life. Financial Mission Statement
0:27.0	Why and How to Create One
0:29.0	by Vicky Cook and Amy Blacklock of Women Who Money.com.
0:35.0	Staying focused on your financial goals can be difficult.
0:38.5	You know what they are, and you know you'll be better off if you stick to them. But you also have a lot going on in your life.
0:46.0	You may be paying down debt, saving for college, helping out your aging parents financially,
0:51.8	or catching up on retirement contributions, in addition to paying
0:56.2	all of your bills.
0:58.2	It can be frustrating trying to meet your financial goals when your focus is pulled in different directions.
1:05.1	A financial mission statement helps you visualize your financial goals and reminds you
1:10.2	why you're looking to accomplish them. It describes what you want to attain
1:14.8	financially and how you're going to produce your desired results. People
1:19.8	interested in improving their financial health,
1:22.5	understand that they need short and long-term financial goals.
1:27.4	Yet many students of personal finance
1:30.2	also lack the motivation to focus on their goals and struggle to make progress with a financial plan.
1:37.0	This is where creating a financial mission statement comes in.
1:41.0	A personal mission statement for your money goals will serve as a constant reminder of what you want to accomplish and why it's important to you.
1:49.0	It can help you face daily decisions affecting your finances with a new attitude.
	...

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