Tax time can be a little stressful to many of us. Just remember, It's one of those very special day if you look at in the right way.
"Creating Your Personal Legacy Day"
By:
Marcella Mollon-Williams
As we quickly approach the April 15th Tax Day, most individual find themselves more aware of their final situation. There is this looming deadline that has most people in a panic, waiting for the last possible moment to address their financial fate. It is a funny thing when you think about it - we know that April 15th will arrive every year yet many are caught off guard when it arrives. With more than a third of adults saying they have not started saving for retirement yet, putting off financial responsibilities is becoming a growing epidemic in America. It's no wonder we panic at the thought of April 15th.
One way to begin a love affair with financial planning and remove the fear of the unknown is by creating a Personal Legacy Day. A Personal Legacy Day is a day or two in which you intentionally schedule personal time with yourself or your significant other to review and follow through on pending financial task that need to be addressed in order to successfully accomplish your long-term wealth building goals.
Here are 3 tips to implementing your Personal Legacy Day:
1.Make it mandatory. There is a reason why the IRS does not allow us to submit our tax returns at our “earliest convenience”. That’s because it is never convenient. You have to make it mandatory by setting a due date. Since most people associate April 15th with money, why not continue to associate the 15th of each month with money, wealth and your legacy. Make it your Personal Legacy Day. Mark your calendar for the 15th of each month or a day close to the 15th. Block off a few hours to focus on your financial legacy.
2. Focus on the task at hand. There are a number of elements involved in personal wealth building. From making sure your life insurance policy is updated, to estate planning and all the documents involved in preparing your legacy. With so much involved, it’s easy to simply push it aside and say I’ll deal with this stuff later. So don’t try to do it all at once. Since your Person Legacy Day is a monthly effort, focus on different elements each month. For example, this month may require your focus on reducing your bank service charges by changing your financial institution and scheduling your annual review with your financial planner. When you use each month to focus on a little, you will accomplish a lot.
3. Develop your legacy mindset. Wealth building is a long-term process that requires daily observation. Most individuals are often too distracted to pay attention. By making your Legacy Day mandatory and focusing on the task at hand each month, you will develop a legacy mindset that will no longer be a narrow view on wealth but a vast view on building your legacy.
~Copa
As we quickly approach the April 15th Tax Day, most individual find themselves more aware of their final situation. There is this looming deadline that has most people in a panic, waiting for the last possible moment to address their financial fate. It is a funny thing when you think about it - we know that April 15th will arrive every year yet many are caught off guard when it arrives. With more than a third of adults saying they have not started saving for retirement yet, putting off financial responsibilities is becoming a growing epidemic in America. It's no wonder we panic at the thought of April 15th.
One way to begin a love affair with financial planning and remove the fear of the unknown is by creating a Personal Legacy Day. A Personal Legacy Day is a day or two in which you intentionally schedule personal time with yourself or your significant other to review and follow through on pending financial task that need to be addressed in order to successfully accomplish your long-term wealth building goals.
Here are 3 tips to implementing your Personal Legacy Day:
1.Make it mandatory. There is a reason why the IRS does not allow us to submit our tax returns at our “earliest convenience”. That’s because it is never convenient. You have to make it mandatory by setting a due date. Since most people associate April 15th with money, why not continue to associate the 15th of each month with money, wealth and your legacy. Make it your Personal Legacy Day. Mark your calendar for the 15th of each month or a day close to the 15th. Block off a few hours to focus on your financial legacy.
2. Focus on the task at hand. There are a number of elements involved in personal wealth building. From making sure your life insurance policy is updated, to estate planning and all the documents involved in preparing your legacy. With so much involved, it’s easy to simply push it aside and say I’ll deal with this stuff later. So don’t try to do it all at once. Since your Person Legacy Day is a monthly effort, focus on different elements each month. For example, this month may require your focus on reducing your bank service charges by changing your financial institution and scheduling your annual review with your financial planner. When you use each month to focus on a little, you will accomplish a lot.
3. Develop your legacy mindset. Wealth building is a long-term process that requires daily observation. Most individuals are often too distracted to pay attention. By making your Legacy Day mandatory and focusing on the task at hand each month, you will develop a legacy mindset that will no longer be a narrow view on wealth but a vast view on building your legacy.
~Copa
