KonMari – Learning Financial Planning from Marie Kondo!
There is some brilliance in Marie Kondo's method, and her approach can be applied to financial planning. Read on to find out how to "tidy up" your financial life.
As watching TV is not my thing, when I recently came across "Marie Kondo" and a discussion of "KonMari" in a blog post about IRA's, and I did NOT have any context. Thank heavens for Google.
A quick search revealed that Marie Kondo is one of the newest TV sensations and that she focuses on a minimalist approach / getting things organized. This sounded intriguing. Searching further, I found her..
Six rules:
- Commit yourself to tidying up.
- Imagine your ideal lifestyle.
- Finish discarding first.
- Tidy by category, not location.
- Follow the right order.
- Ask yourself if it sparks joy.
Ms. Kondo would make a great financial planner!
By taking her six rules and tweaking them to help with "organizing" your financial life, you get:
- Commit yourself to getting organized in your financial life.
- Establish your goals as they relate to faith, family, friends, and fitness.
- Stop spending money on things that are not aligned with your goals.
- Fully understand your spending in each area of your life.
- Take control of your cash flow, insurance, estate planning, taxes, education planning, charitable giving, and investments.
- Ask yourself if having your finances aligned with your faith, family, friends, and fitness makes you more joyful.
Money is nothing more than a tool to be used to support you in other areas of your life.
However, without a structured, disciplined process to deal with your finances, you are likely going to have a mess in your house.
No one will ever confuse me with Marie Kondo. However, I hope at least a few people that read this will recognize that bringing order to the chaos of your finances is critical to living a life of significance.
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