Our Number One Financial Question

The Most Important Financial Question

Before we knew what we wanted and what our purpose is, we were living unconsciously. We followed every whim and became frustrated when we didn’t achieve any definition of success. Being aimless meant we were lacking any drive that could help us achieve what we wanted. We were like a family on vacation without a destination or map to where we wanted. It wasn’t until we answered the most important financial question were we able to begin thinking about paying off off our credit card debt.

Why are we here? Why do we go to work everyday? Why are we motivated?

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The Debt Free Guys’ Why

The answer to that most important financial question was we want to save for a comfortable retirement and travel extensively. When we realized these are what we want it became clear that so much, such as happy hours, clubbing, unnecessary clothes and more were distractions.

When we answered this financial question, everything else was put in perspective and context. This made it easier to stay focused on paying off our debt and improving our quality of life even when it was hard. As Jim Rohn said, “When you know what you want, and want it bad enough, you will find a way to get it.”

Know Your Why Like an Olympian

Olympians are some of the most dedicated and focused people on earth. Many of them wake hours before the rest of us to train and often train for multiples hours multiple times a day. They eat restrictive diets. They have regimented sleep schedules. They only take days off when the training requires it, often times training on weekends and holidays when the rest of us are resting.

Ultimately, they only get one chance every four years to show the results of their efforts. How can they do this? They know their why. It’s defined and they know its importance.

It was this clarity that helped us pay off our $51,000 in credit card debt. Knowing our why helped us make better decisions when we wanted to splurge. Our why inspired us when we had a limit of spending $75 a week at the grocery store and when we had to decline invitations to happy hours, dinners and travel.

Have you asked yourself this important financial question? What’s your why? When you know this, everything else becomes clear. Please share why with us in the comment section below.

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Comment List

  • Joseph Hogue 06 / 07 / 2016 Reply

    So true. Saving without a goal or ‘your why’ is why so many people fail at budgeting and saving. Retirement is decades away and just saving to be ‘comfortable’ isn’t enough motivation. Know what life will be like, where it will be and what you will do then visualize it exactly and go to that image regularly.

  • Gail 14 / 07 / 2016 Reply

    Great article! Thanks for sharing this important question and amazing tool! More people must read this practical, but life altering article.

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