The 4Fs: this is why finances matter
Feb 22, 2020
The 4Fs: finance
Today, a short look at the next part of out 4Fs model: finances.
As noted in previous posts, finance is important, because it helps to fund your lifestyle.
But we like to think of the 4Fs framework as a virtuous circle, with each of the component parts supporting the others.
The idea is to see the model holistically.
Too often we see folks focusing on finance to the detriment of other parts of their lives.
This is why it’s so common for people to reach retirement and feel down, depressed, or at a loose end – because they’ve focused on their career, but neglected the other aspects of the 4Fs.
Different strokes
The beliefs of each individual matter too.
For example, if you’re an adventurer or enthusiast (personality type 7 in the Enneagram test), you’re more likely to be constantly shifting your focus, because you get bored of doing the same thing repeatedly.
Other personality types can become overtly focused on one area of their lives.
An achiever (type 3 in the Enneagram) is more likely to be focused on continually reaching higher goals, and moving on to the next target.
Individuals have different beliefs and interests, so what fits under each of the 4Fs is likely to be personal to you.
In balance
But the point of our 4Fs model is that each of us should seek some kind of balance.
Yes, finance is important.
You’ll ultimately need to generate the passive income to fund the lifestyle you desire.
But you shouldn’t focus solely on finance, or one day you’ll drop dead and wonder what the point of it all was.
I discussed these ideas a little further in the short video here
Whenever you’re ready… here are 4 ways we can help you manage your own money and go next level wealth:
- Boom or Bust in 2021 – 20 minute online workshop for investors
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- Subscribe to our Top 100 Podcast for Investors
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- Join our Implementation Program
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- Work with me privately
If you’d like to work directly with me and Stephen Moriarty directly to help you map out and action your next level wealth plan… just send an email to [email protected] with the word “private”… tell me a little about your situation and what you’d like help with, and we’ll get you all the details!
