How to Create a Wealth Vision Board

In a recent survey, 43% of Americans admitted they simply guess when it comes to how much income they will need in retirement. 

Rather than leave it to chance, it’s imperative to think about how you want to spend your time in retirement to have a solid understanding of how much money you’ll need in the future. Creating a wealth vision board is an excellent way to get clear on what experiences you want to have, where you want to travel, what you want to own, and so much more.     

In this episode, I share 4 simple steps to creating a wealth vision board so you can map out what the next chapter of your life will look like.

Check out these four steps to creating and building a wealth vision board: 

Step 1-Brainstorming: Grab a blank piece of paper and write down all the things that come to mind, all the things that you might want to have, things you might want to experience. Be sure to include your biggest, boldest, most magnificent wishes and dreams. Try to be specific around where you want to live, who you want to spend your time with, and how you want to spend your time. 

Step 2-Choose 3-5 Top Wishes: Pick the ideas that really stand out, things that you've really wanted for a long time. Give your wishes a nickname and find images, either online or in a magazine, that represent each wish and use them for your vision board. 

Step 3-Find Images and Words: Once you have a collection of images that represent your vision, assemble them either physically onto a board or paste them in your digital app. Have a printed version and a digital copy saved on your phone so you can see your vision board anywhere you go.     

Step 4-Put Your Vision Board Where You Can See it Daily: Place your vision board where you can see it easily and often. Each day, take time to look at your vision board and think about what you want to have, holding that feeling of enjoyment for a few minutes every morning. You'll be surprised at how many of those things really start to come into your life sooner than you anticipated.

I hope these simple steps inspire you to create your own Wealth Vision Board! 

In this episode, you’ll also hear:

• Assigning 50/50 probability to get maximum effort 
• What a vision board is and how it helps get what you want 
• Suggestions for creating a digital and physical vision board 

Must-listen moments: 

[00:10:07]  We're working, we're putting money aside into our 401ks and IRAs, and doing all the things we're supposed to do, leading up to retirement. Everything except actually sitting down to think about what do we want to do with our time. 

[00:24:17] The enjoyment that we receive from thinking about something is as good as actually having the thing. 

[00:43:26]  When you see the vision board and you see the different ideas of things that you want to have, be or do, then allow yourself to enjoy that feeling of when that thing actually happens. Don't spend any time worrying about the how of it, or don't worry about how much it costs, don't worry about how it's gonna come to be. 

 

If you haven’t recently, it’s time to go back and listen to Episode 2, Sources of Income in Retirement https://link.chtbl.com/30b6xIZX

Thank you for listening! Please share this episode with 2 friends you think need to hear it!

Connect with Danette:

E-mail: [email protected]

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Follow Danette Lowe on LinkedIn: 

https://www.linkedin.com/in/danette-lowe-cfp%C2%AE-9b7bb716/

Visit www.trunorthwealth.com to Download your free workbook - Three Steps to Planning an Epic Retirement 

This podcast is for informational purposes only. The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation. Neither Commonwealth Financial Network nor your representative provides tax advice.