The role of money is to support your priorities in life, writes Peter Watson.
Money, money, money. We spend a lot of time thinking about the almighty dollar.
There are many things more important than the size of your bank account. At this time of year, it’s a good time to reflect on what is most important.
Health. At the top of your list could be good health for you and your family. We often take that for granted until it suddenly disappears, either temporarily or permanently.
Happiness. As the old expression goes, “happiness makes the world go around.” You can be happy or sad and most prefer the former.
Peace of mind. Be settled with your life. Follow your dreams and be comfortable with who you are and the life you live.
Relationships. Relationships are important within your family, among your friends and with your neighbours. Those you work with are important, too, because in many cases, you spend more waking hours at work than with your immediate family.
Passions. You only live once, so follow your passions, follow your dreams, and how you see your purpose in life.
Somewhere down the list of most important things comes financial stability. It’s not about the money; it’s about being able to afford your desired lifestyle for you and your family.
Money is a means to an end. Dying with the largest bank account is not the goal. It is how you lived your life and supported your loved ones.
We can think about the hustle and bustle of life when the new year starts. But for now, we hope you are able to enjoy this special Christmas season.
Peter Watson, of Watson Investments MBA, CFP®, R.F.P., CIM®, FCSI offers a weekly financial planning column, Dollars & Sense. He can be contacted through www.watsoninvestments.com.
