Chapter 4
Financial well-being

“Wealth consists not in having great possessions, but in having few wants”

– Epictetus

 

Set financial goals

Define clear, measurable goals.

This gives direction to your financial plans.

Aim to save €20,000 for a home down payment in five years.

Review and adjust your financial plan

Regularly assess your finances.

Adjust your plan as your life changes.

Revisit your budget and goals every six months.

 

Plan for taxes

Understand tax implications of your financial decisions.

Plan to minimize taxes.

Consult a tax professional before selling investments.

Set up a will and estate plan

Plan for the future.

Ensure your assets go where you want.

Meet with an attorney to draft a will.

Set financial boundaries

Protect your financial well-being.

Learn to say no to financial requests or pressures that don’t serve your goals.

Politely decline lending money if it strains your budget or causes stress.

Feel free to share with your colleagues

Give feedback, ask questions or request new resources