I suppose it is human nature to want to clean our homes when spring comes. I was reading somewhere that 77% of Americans spring clean. Wow! This means all across the country people are cleaning behind the furniture, washing the windows, washing the drapes, and scrubbing the floor. I admit that I don’t spring clean, however, when it’s done I notice it and it feels good. There is another critical area of our lives that needs regular cleaning too, however it never seems to get done.
See, just like the closet that has laid dormant over the years, filled with things we don’t even remember existed or why we have them, the same is true of our financial closet. Is your financial closet like that? I think for many of us it is and we always procrastinate doing something about it. Well, it’s spring! I suppose if we are ever going to do spring cleaning today is a good day.
When you clean your financial closet, what will you find? I think you might find the following:
- Beneficiaries that are not appropriate or are not what you thought they were.
- Missing, inefficient or outdated legal documents.
- Insurance policies or products that you really aren’t sure why you have them, how they work, or what they are for.
- Investment products that you do not understand how they work.
- Accounts you’ve forgotten about, or have purposely ignored, because you’re not sure what to do with them.
- Financial decisions you made 20 years ago, that are questionable today.
- Financial goals stuffed away, waiting to be met.
How can we really be our best, if we don’t have everything working at its best? Not sure we can! When we do our spring cleaning we are getting our house in order! Is your financial house in order?
We all want to maximize our potential. Knowing what we have, why we have it, and its purpose helps us to maximize our financial potential. How many of you want to achieve less than your potential? I’m assuming not many of you raised your hands. So, it’s time to get organized! Let’s spring clean our financial worlds!
So what’s holding you back? Maybe the fact that it will be easier to do it tomorrow rather than today. But, today was yesterday’s tomorrow. How many tomorrows can you put off before you are no longer able to reach the financial potential needed for your children’s college, for your daughter’s wedding, or for your retirement? So let’s make this day, that was yesterday’s tomorrow, the day that we are going to get organized, be our best, and be intentional about our success. Let’s start spring cleaning right now!