Financial Life Planning

Posted by Jill Boynton on December 17, 2014

Susan, Mackenzie and I spent 3 days last week honing our life planning skills at the Money Quotient workshop they hosted in Portland.   What is so fascinating about life planning is the relationship between our rational brain and our emotional brain. The neocortex, where we process data and make rational decisions, is separate from the limbic brain, which drives our emotional behaviors and decisions. That means it can be difficult to make a change in our life, such as losing weight or spending less money. We might know rationally that change is needed but we haven’t bought into it emotionally. Sooner or later (usually sooner) the emotional side takes over and convinces us to abandon the changes we’re trying to make.

 When you combine the “what you want to do” (or neocortex thinking) with the “why you want to do it” (the limbic brain) you’ll have a much better chance of success. The tools that Money Quotient provides helps one to combine these two into the framework of our thinking and make more meaningful decisions about money that align with our core values. It is appropriate and useful for all ages and stages of life. 

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