Note – The following post is sponsored by USAA. All opinions are my own.
Do you have dreams for your life and your family? Of course, you do. We all do. And, our family finances play a huge role in living our dreams and living our dream life.
How to Live the Life of Your Dreams
We all have big dreams for our families. And, our finances play a huge role. Here are three simple ways to help you live a life of your dreams.
1. Spend Less Than You Earn
Spending less and you earned is a staple in personal finance. It’s the number one goal that sets people apart from those who have success with their finances and those who don’t. If you’re struggling with your finances nine times out of 10, it’s because you are living beyond your means. You’re probably spending more money than you bring home in an income.
If you want to get ahead with your finances and live the life of your dreams you have to spend less than you earn. There are multiple ways that you can do this of course. You can cut back on your budget and ensure that you have tight controls on your spending.
Another way that most people forget is the income side of the equation. If you want to earn more than you spend you could also raise your income without touching your budget. So, to live the life of your dreams, you might want to consider getting a second job or maybe even a side hustle.
2. Set Big, Hairy, Audacious Goals
I’m a Boy Scout leader in our local troop. And, I always fuss at our Boy Scouts for not dreaming big enough. They often just revert back to what they know best, the simple things that they want to do, whether that’s camping or having an afternoon of fun on a little hike.
But, I try to tell them that they can do so much more if they just dream bigger. Everyone needs a big, hairy, audacious goal to aim for in life. For the Boy Scouts, I tell them that they ought to dream for a big summer camping trip to somewhere like the Appalachian Trail or the Philmont Scout Ranch for a week or two.
Of course, dreams like these take planning, fundraising, effort, and commitment. And, the same is true for our finances. You need to dream big to live a life of your dreams with your finances too.
Do you want to retire early? Do you want to own a beach house or house in the mountains? These are great dreams, and they’re doable. But, they take planning and, in some cases, sacrifice. But, it’s worth it in the end to live a life of your dreams.
3. Get Life Insurance
And, finally, another way to live a life of your dreams can be through life insurance. This may seem a little counterintuitive but bear with me here. By having life insurance, it gives you peace of mind. You know that your families gonna be taken care of in the event of your early death.
We all spend a lot of time dreaming about what we want our life to look like in the end. Whether that’s early retirement, starting your own business, or a host of other dreams. We dreamt these dreams together with our family and our friends, but sometimes we’re not there, in the end, to live it with them.
And, that’s where life insurance can come in to play. And, even if you’re not there in the end to live the life of your dreams, you’ll be secure in the fact knowing that your family will be taking care of by the life insurance and can have the life that you dreamt of.
So, that’s why I say you should include life insurance planning in your dream life. Do you have 10 times your annual income set aside in a life insurance policy that pays out to your family should you die early?
I think you’ll be surprised to see just how cheap and affordable term life insurance can be. It’s well worth the effort to get a free quote for term life insurance from a company like USAA to help you and your family plan the life of your dreams.
And, USAA is offering you a chance to live the life of your dreams with their Live Your Dreams Sweepstakes. USAA is helping one lucky person live their dreams with a sweepstakes for $50k. But, hurry! The last day to enter is TODAY!! November 20th, 2018.
How to Enter the Live Your Dream Sweepstakes:
There are three ways to enter the sweepstakes: Phone, Online, and Email.
Enter by Phone: Call 800-531-LIFE (5433) and mention the Live Your Dreams Sweepstakes. You’ll need to provide your name, email, phone number, and address.
Online: Get a life insurance quote using usaa.com or the USAA mobile app for a chance to win. Get started here.
Mail: Mail-in entries including name, address, city, state zip, date of birth, and phone number to USAA Live Your Dreams Sweepstakes Entry c/o Team Digital Promotions 6 Berkshire Blvd. Bethel, CT 06801.
Eligibility / Fine Print:
No purchase necessary. Open to legal residents of the United States (excluding Alabama, Kentucky, Maine, North Dakota, Utah, and Washington), District of Columbia, and Puerto Rico who are eighteen (18) years of age or older. Promotion begins on Oct. 8, 2018 and ends on Nov. 20, 2018. Official rules posted at www.usaa.com/lifesweeps. Void where prohibited. Sponsor: USAA Life Insurance Company, 9800 Fredericksburg Road, San Antonio, TX 78288-0020.
and ends on Nov. 20, 2018. Official rules posted at www.usaa.com/lifesweeps. Void where prohibited. Sponsor: USAA Life Insurance Company, 9800 Fredericksburg Road, San Antonio, TX 78288-0020.