Human Potential PF Team
January 10, 2021
2:04 pm
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Financial Life Planning Goals For Movement, Health, & Healing Professionals

In this article, we would like to provide several ideas on Financial Life Planning goals for “Movement, Health, & Healing Professionals”. For additional context around what Financial Life Planning actually is, skim through a previous article that we wrote that dives into the specifics.

What we love about Financial Life Planning is that it truly broadens the scope of what most people think about when it comes to traditional financial planning. Specifically, it opens the doors to financial and life goals that go outside-of-the-box. We love that and you should too!

It is important to note that this is not to say that “traditional financial goals” should go out the window or that we do not value them. Our thinking is that all of these “traditional financial goals” are important and must be considered as part of your overall financial life plan. However, with Financial Life Planning, the universe of financial & life goals is that much more broad, fun, and all-encompassing that it certainly warrants an individualized approach to prioritization.

Traditional Financial Planning Goals

We typically like to think of the “traditional financial goals” as simply building a strong foundation. To summarize, here are the most common financial goals:

Establishing a budget
Creating an emergency fund
Paying off debt (credit card, student loan, auto, mortgage, etc.)
Improving your credit score
Saving for retirement, a large purchase (home, car, business, etc.), or large child expenses (education, wedding, etc.)
Planning for tax savings/optimization
Giving to charity
Putting your emergency/legacy affairs in order (estate planning, insurance, etc.)

While we noted above that we think of all of these goals as building a strong foundation, we 100% do not expect everyone to have all of these goals achieved today (or even on one’s radar). Instead, we listed these because they are what most people believe are the only goals worth considering when thinking about financial planning.

With Financial Life Planning, these goals are absolutely front and center, but the universe of goals is much deeper.

By going through George Kinder’s Three Questions, we can start to see how the priority of goals can shift from solely financial to more of a blend of financial and life goals.

Financial Life Planning Goals

With the assumption of jumping to the third question within George Kinder’s Three Questions, we can begin to see how different the goals can evolve. As a reminder, the third question is as follows:

George Kinder, Question Number Three: “This time, your doctor shocks you with the news that you have only one day left to live. Notice what feelings arise as you confront your very real mortality. Ask yourself: What dreams will be left unfulfilled? What do I wish I had finished or had been? What do I wish I had done? Did I miss anything?“

By truly sitting with this question, the meaning of goals gets a little deeper and must be thought of in a much more intentional manner.

For any “Movement, Health, & Healing Professional”, some of the financial life planning goals that may arise after reflecting on the question/exercise above could be:

Open your own practice, gym, or studio
Make work location-independent by working with clients 100% virtual
Create a lifestyle and work schedule that truly aligns with healthy living
Live in a way that allows for more quality time with family, friends, & your community
Diversify your earnings by creating multiple streams of income
Flex your creative muscles in ways that you thought couldn’t be possible (write a book, start a podcast, create art, etc.)
Move across country or out of the country to really be free and in nature
Commit real time to the causes and organizations that you believe in
Change jobs or take on a few side hustles

We can keep adding to this list, but we think you get the point. We see this list in a very different way than the list detailed earlier (traditional financial goals). These are the kinds of goals that can truly light a fire in the pit of your stomach, making you unstoppable from achieving your vision.

The key difference is that while these goals also have a financial component to them, there is typically a very deep and meaningful “why” behind the financial life planning goals noted above.

Movement, Health, & Healing Professionals

This is why we feel that “Movement, Health, & Healing Professionals” resonate so much with Financial Life Planning. If you are a Movement, Health, & Healing Pro, you are truly in the business of serving your clients. While making money is important, you do what you do because you have a passion for it.

Therefore, when thinking about your financial future, focusing solely on retirement isn’t going to cut it. That is not to say that a prudent approach to all things financial planning is a waste of time. Actually, it is all about the focus and angle, which is why Financial Life Planning is so valuable.

By digging into what really matters, Movement, Health, & Healing Pros can quickly start to align their values with their goals. By doing this, they can then create a plan, actions, and habits to achieve their out-of-the-box dreams.