We all have heard the phrase “create a life by design, not by default”, but what does that mean and how can I move in that direction. We will look to give you some food for thought here to get you started on the right path to creating this for you.
Establish Your Philosophy
Creating a life by design means being mindful about what you are doing daily to work towards the goals and the things that bring you the most joy in your life, your purpose. This means different things to different people and has to be unique to you. Establishing a life-by-design philosophy will prevent you from simply going through life in a way where you go wherever life takes you, life by default.
As a concrete example of what I am talking about, when my kids were young, I worked in an office that was about thirty minutes from home, on a good day. Some days depending on traffic it could take upwards of forty-five to sixty minutes to arrive home. I wanted to be in a position to see my kids, spend time with them and be able to leave the office to attend school events and head back to the office if necessary.
I could have easily maintained the office space that I had but that was not what I wanted. I was looking to be able to spend more time with my family, not less. In line with my philosophy of living a life by design, I began to look for office space much closer to home and circled a ten-mile radius around my house.
Ultimately, I ended up relocating my office to where we are today in Hauppauge which is seven miles from home and takes fifteen minutes on a bad day. This simple, proactive change in my life allowed me to maximize the time I was able to spend with my kids, my wife, and my family over the years.
Plan: Be Focused & Flexible
Living a life by design takes planning and a way to help you remain focused on your goals and what is important to you. Having a plan is not only pertinent for you and your financial goals but helps create this life-by-design lifestyle. Plans should be flexible and updated regularly but always remain in line with your “why” so you can remain focused.
Start planning your life by design and be sure to coordinate it with your financial plans, as they are certainly intertwined. We would also be happy to have a conversation about how you can create a life by design for you and yours.
This article represents the opinion of Mitlin Financial Inc. It should not be construed as providing investment, legal and/or tax advice. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult your financial advisor.