Most people struggle with managing their money well. When asked about the cause of their financial struggles, many reasons are presented, but most of them are inaccurate or misguided. Too little income, high expenses, non-participating spouse, high debt load, health issues, and bad luck are often presented to me as the reason for financial misery.
All of these reasons are SYMPTOMS of a poor financial situation, but they are not the CAUSE.
I truly believe that the number one cause of financial failure is LACK OF VISION.
Proverbs 29:18 KJV says, “Without vision, the people perish.” Observe great leaders and you will realize that they have tremendous vision. Speak with individuals who have won with their own money, and you will realize that they also have a clearly defined vision for their life and finances.
TODAY’S CHALLENGE: Write down your vision for your life and family.
Do it right now! Here are some good starter statements:
- In 20 years, we want to have given away $XX,XXX to the following organizations.
- In 20 years, we want to have traveled to …
- In our lifetime, we want to be able to …
I would be honored if you would share some of your vision statements with me! Send them to me HERE.