Doctor’s Digest®

Bridging the gap…between the business of medicine and the practice of medicine.

May / June 2007: Financial Visioning

Financial Visioning

Financial visioning melds financial planning with life planning, personal finances with personal values. The idea is that saving becomes easier if the goal is something beyond an impressive financial statement. It’s not the money that’s important—it’s what you can do with the money.

Think of it in those terms, and it becomes easier to forego a nice but unnecessary luxury in favor of saving toward a greater goal—say, your children’s education—or so that you can take a sabbatical to volunteer for an international relief agency. It may also give you the incentive you need to track spending and manage expenses, debt, and investments more purposefully, rather than letting money slip through your fingers.

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