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Often financial planning will lead you to a fork in the road.\\xa0 You will start by laying out multiple options for different financial objectives.\\xa0 Through a process of elimination, you will narrow your options down to this or that.\\xa0\\xa0\\xa0

Sometimes one option will create a \\u201cbetter\\u201d financial outcome, but your preferences will lead you to go the other route.\\xa0 This can be a conflicting exercise and cause some investors stress.\\xa0 Why? Because they only measure what they can put in a calculator.\\xa0 \\xa0

Here\\u2019s the first question I want you to ask yourself \\u2013 will this decision make or break my financial plan?\\xa0 Most likely, the answer is no.\\xa0 This means that you can choose either path. You absolutely don\\u2019t need to always lean towards maximization.\\xa0 \\xa0

Don\\u2019t stop here.\\xa0

Press further into where that preference you expressed comes from \\u2013 pull on that thread.\\xa0 This exercise will usually help you to learn more about what\\u2019s most important to you.\\xa0 For some people, they\\u2019ve always aspired to be debt-free, so they choose that fork in the road.\\xa0 Having multiple years of expenses in cash brings them an elevated peace for some people, so they choose that fork in the road.\\xa0 For others, expressing their values and beliefs based on the way they invest outweighs chasing the highest possible returns, so they choose that fork in the road.\\xa0 \\xa0

Links mentioned in this episode:

• http://thoughtsonmoney.com
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• http://thebahnsengroup.com
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